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Drummond Community Bank

Chiefland, FL · Cert 32737

FDIC · 18 branches

Q3 2022

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2022, the quarter ended September 30, 2022, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Drummond Community Bank

Chiefland, FL · Cert 32737

FDIC · 18 branches

Q3 2022

$1.0BAssets
$588.4MLoans
$879.5MDeposits
$61.1MEquity
Loan mix
67%RE $340.0M12%C&I $59.6M22%Consumer $111.1MQ3 2021Q3 2022
Deposit mix
47%Interest-bearing $415.1M53%Noninterest $464.3MQ3 2021Q3 2022

NIM

4.32%Q3 ’203.56%Q3 ’213.81%Q3 ’22-16%+7%

Non-interest income vs. expense

3.06%Q3 ’202.99%Q3 ’213.05%Q3 ’22-9%+9%

Market Position · Gainesville, FL · 2022 SOD (annual) · 8.4% share · #4 of 17 inst. · $0.6B of $6.8B

74.6% Levy
6.6% Columbia
2.7% Citrus
48.6% Dixie

Executive Summary

  • Earnings: ROA of 1.06%, down 31 bps year over year; NIM at 3.74%.
  • Asset quality: problem loans at 0.17% of loans (-6 bps YoY), with net charge-offs at 0.45%.
  • Capital: tier 1 leverage ratio of 9.79%, down 37 bps from a year ago.
  • Funding: loans stand at 66.91% of deposits as of Q3 2022.

Financial Results

Return on Assets (YTD, annualized)

1.06%-31 bps YoY

Net Interest Margin (YTD, annualized)

3.74%+25 bps YoY

Efficiency Ratio (YTD, annualized)

64.75%-45 bps YoY

Tier 1 Leverage Ratio

9.79%-37 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets1.37%1.37%1.07%1.10%1.06%-31 bps
Return on Equity12.47%12.56%11.33%12.74%13.40%+93 bps
Net Interest Margin3.49%3.43%3.70%3.71%3.74%+25 bps
Efficiency Ratio65.20%64.80%64.05%63.04%64.75%-45 bps
Non-Interest Burden1.93%1.88%2.02%2.00%2.11%+18 bps
Growth
Asset Growth (YoY)19.95%17.51%19.27%10.63%6.53%-1,342 bps
Loan Growth (YoY)-1.48%5.23%20.39%19.36%27.41%+2,889 bps
Deposit Growth (YoY)23.70%18.73%22.79%14.08%3.68%-2,002 bps
Asset Quality
Nonperforming Loans / Loans0.23%0.21%0.16%0.13%0.17%-6 bps
Net Charge-Offs / Loans0.14%0.16%0.36%0.34%0.45%+30 bps
Allowance / Loans2.02%1.91%1.78%1.77%1.77%-25 bps
Allowance Coverage of NPLs8.9x9.2x11.1x13.2x10.7x+1.8x
Capital
Tier 1 Leverage Ratio10.16%9.91%9.93%9.63%9.79%-37 bps
Total Risk-Based Capital10.16%9.91%9.93%9.63%9.79%-37 bps
Equity / Assets10.68%10.51%8.34%7.00%5.99%-469 bps
Liquidity & Funding
Loans / Deposits54.44%56.27%58.25%61.78%66.91%+1,246 bps
Liquid Assets / Assets25.45%3.78%4.49%1.83%1.69%-2,377 bps
CRE / Total Capitaln/an/an/an/an/an/an/a