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Citrus Bank, N.A.

Vero Beach, FL · Cert 32918

FDIC

Q2 2008

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: Q2 2008, the quarter ended June 30, 2008, 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

Citrus Bank, N.A.

Vero Beach, FL · Cert 32918

FDIC

Q2 2008

$116.1MAssets
$72.0MLoans
$97.7MDeposits
$17.8MEquity
Loan mix
92%RE $52.7M8%C&I $4.8M0%Consumer $0.0MQ2 2007Q2 2008
Deposit mix
83%Interest-bearing $81.2M17%Noninterest $16.6MQ2 2007Q2 2008

NIM

6.38%Q2 ’066.82%Q2 ’075.53%Q2 ’08-6%-17%

Non-interest income vs. expense

3.90%Q2 ’064.16%Q2 ’074.28%Q2 ’08+14%+3%

Executive Summary

  • Earnings: ROA of -1.04%, down 156 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.89%.
  • Funding: loans stand at 73.63% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

-1.04%-156 bps YoY

Net Interest Margin (YTD, annualized)

3.37%-67 bps YoY

Efficiency Ratio (YTD, annualized)

119.88%+2,152 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.51%0.26%0.15%-0.69%-1.04%-156 bps
Return on Equity3.44%1.73%0.97%-4.31%-6.61%-1,004 bps
Net Interest Margin4.04%3.90%3.95%3.40%3.37%-67 bps
Efficiency Ratio98.35%101.54%102.81%117.38%119.88%+2,152 bps
Non-Interest Burden3.97%3.96%4.07%4.03%4.08%+11 bps
Growth
Asset Growth (YoY)-3.46%-5.73%-7.93%-10.45%-10.63%-717 bps
Loan Growth (YoY)3.80%-15.38%-3.72%-7.83%-0.75%-455 bps
Deposit Growth (YoY)-3.33%-5.18%-1.25%-11.12%-8.13%-480 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.05%0.27%0.89%+89 bps
Allowance / Loans1.99%2.06%1.94%4.47%4.26%+227 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 Capital24.11%23.87%23.20%20.54%22.88%-122 bps
Equity / Assets15.30%16.15%16.29%15.65%15.31%+1 bps
Liquidity & Funding
Loans / Deposits68.15%67.95%68.90%70.90%73.63%+548 bps
Liquid Assets / Assets0.05%0.06%0.06%0.09%0.09%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a