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Plantation Federal Bank

Pawleys Island, SC · Cert 32503

FDIC

Q1 2012

$433.5MAssets
$322.5MLoans
$415.9MDeposits
$-22512KEquity
Loan mix
90%RE $238.0M10%C&I $25.7M1%Consumer $2.1MQ1 2011Q1 2012
Deposit mix
95%Interest-bearing $396.0M5%Noninterest $20.0MQ1 2011Q1 2012

NIM

Non-interest income vs. expense

Executive Summary

  • Earnings: ROA of -23.98%, down 2,296 bps year over year; NIM at 1.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 16.72%.
  • Funding: loans stand at 77.53% of deposits as of Q1 2012.

Financial Results

Return on Assets (quarter, annualized)

-23.98%-2,296 bps YoY

Net Interest Margin (quarter, annualized)

1.92%

Efficiency Ratio (quarter, annualized)

534%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets-1.01%-1.68%-3.38%-3.63%-23.98%-2,296 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/an/an/an/a1.92%n/an/a
Efficiency Ration/an/an/an/a534%n/an/a
Non-Interest Burdenn/an/an/an/a10.70%n/an/a
Growth
Asset Growth (YoY)-11.99%-14.09%-22.35%-22.61%-26.77%-1,478 bps
Loan Growth (YoY)-19.85%-18.66%-24.13%-22.98%-23.30%-344 bps
Deposit Growth (YoY)-3.76%-7.42%-17.66%-20.97%-20.57%-1,681 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/a16.72%n/an/a
Allowance / Loansn/an/an/an/a4.00%n/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capitaln/an/an/an/a-7.61%n/an/a
Equity / Assetsn/an/an/an/a-5.19%n/an/a
Liquidity & Funding
Loans / Deposits80.29%80.07%77.71%76.53%77.53%-276 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%17.56%+1,756 bps
CRE / Total Capitaln/an/an/an/an/an/an/a