Vero Beach, FL · Cert 32918
FDIC
Q2 2008
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Vero Beach, FL · Cert 32918
FDIC
Q2 2008
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2006 | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.73% | 0.74% | -0.23% | 0.51% | 0.26% | 0.15% | -0.69% | -1.04% | -156 bps | |
| Return on Equity | 5.39% | 5.37% | -1.55% | 3.44% | 1.73% | 0.97% | -4.31% | -6.61% | -1,004 bps | |
| Net Interest Margin | 4.03% | 4.05% | 3.76% | 4.04% | 3.90% | 3.95% | 3.40% | 3.37% | -67 bps | |
| Efficiency Ratio | 91.43% | 92.74% | 103.17% | 98.35% | 101.54% | 102.81% | 117.38% | 119.88% | +2,152 bps | |
| Non-Interest Burden | 3.65% | 3.73% | 3.88% | 3.97% | 3.96% | 4.07% | 4.03% | 4.08% | +11 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -15.37% | -5.99% | -6.18% | -3.46% | -5.73% | -7.93% | -10.45% | -10.63% | -717 bps | |
| Loan Growth (YoY) | 18.88% | 7.00% | 9.21% | 3.80% | -15.38% | -3.72% | -7.83% | -0.75% | -455 bps | |
| Deposit Growth (YoY) | -19.21% | -13.85% | -4.43% | -3.33% | -5.18% | -1.25% | -11.12% | -8.13% | -480 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.27% | 0.89% | +89 bps | |
| Allowance / Loans | 2.26% | 2.18% | 2.32% | 1.99% | 2.06% | 1.94% | 4.47% | 4.26% | +227 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 23.06% | 24.96% | 23.71% | 24.11% | 23.87% | 23.20% | 20.54% | 22.88% | -122 bps | |
| Equity / Assets | 14.74% | 14.66% | 15.01% | 15.30% | 16.15% | 16.29% | 15.65% | 15.31% | +1 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 76.13% | 70.67% | 68.36% | 68.15% | 67.95% | 68.90% | 70.90% | 73.63% | +548 bps | |
| Liquid Assets / Assets | 0.01% | 0.01% | 0.05% | 0.05% | 0.06% | 0.06% | 0.09% | 0.09% | +4 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |