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Community National Bank of Pasco County

Zephyrhills, FL · Cert 32699

FDIC

Q3 2010

$372.3MAssets
$194.2MLoans
$331.5MDeposits
$39.1MEquity
Deposit mix
91%Interest-bearing $300.5M9%Noninterest $31.0MQ3 2009Q3 2010

NIM

5.64%Q3 ’084.87%Q3 ’094.03%Q3 ’10+3%-17%

Non-interest income vs. expense

2.90%Q3 ’083.62%Q3 ’093.75%Q3 ’10+27%+3%

Executive Summary

  • Earnings: ROA of -1.03%, up 210 bps year over year; NIM at 2.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.44%.
  • Funding: loans stand at 58.59% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

-1.03%+210 bps YoY

Net Interest Margin (quarter, annualized)

2.75%-55 bps YoY

Efficiency Ratio (quarter, annualized)

114.00%+2,162 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-3.13%-3.70%0.05%1-0.57%-1.03%+210 bps
Return on Equity-25.83%-31.22%0.44%-5.22%-9.67%+1,617 bps
Net Interest Margin3.30%2.98%3.07%2.82%2.75%-55 bps
Efficiency Ratio92.38%139.06%88.36%92.84%114.00%+2,162 bps
Non-Interest Burden3.12%5.77%2.66%2.59%3.22%+10 bps
Growth
Asset Growth (YoY)-1.72%4.32%-2.73%1.65%6.22%+794 bps
Loan Growth (YoY)-12.32%-13.61%-11.72%-14.85%-16.75%-442 bps
Deposit Growth (YoY)2.83%14.30%3.00%19.11%12.32%+949 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans10.08%2.03%1.70%1.68%3.44%-664 bps
Allowance / Loans2.02%2.81%2.97%3.20%3.29%+127 bps
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 Capital13.99%13.95%14.17%14.01%14.45%+46 bps
Equity / Assets12.57%11.19%10.91%10.85%10.51%-206 bps
Liquidity & Funding
Loans / Deposits79.05%71.58%67.95%66.26%58.59%-2,046 bps
Liquid Assets / Assets0.00%5.63%7.73%5.99%4.12%+412 bps
CRE / Total Capitaln/an/an/an/an/an/an/a