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Bank One, Florida

Venice, FL · Cert 33108

FDIC

Q2 2001

$201.6MAssets
$59.2MLoans
$180.3MDeposits
$14.4MEquity
Loan mix
56%RE $27.1M36%C&I $17.3M7%Consumer $3.6MQ2 2000Q2 2001
Deposit mix
93%Interest-bearing $167.4M7%Noninterest $12.9MQ2 2000Q2 2001

NIM

5.48%Q1 ’015.09%Q2 ’01-25%

Non-interest income vs. expense

4.95%Q1 ’014.88%Q2 ’01-21%

Executive Summary

  • Earnings: ROA of -0.35%, up 43 bps year over year; NIM at 0.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.47%.
  • Funding: loans stand at 32.86% of deposits as of Q2 2001.

Financial Results

Return on Assets (YTD, annualized)

-0.35%+43 bps YoY

Net Interest Margin (YTD, annualized)

0.84%

Efficiency Ratio (YTD, annualized)

106.38%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2000Q3 2000Q4 2000Q1 2001Q2 2001YoY ΔTrend
Earnings
Return on Assets-0.78%-0.61%-0.49%-0.17%-0.35%+43 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/an/an/a1.11%0.84%n/a
Efficiency Ration/an/an/a106.94%106.38%n/a
Non-Interest Burdenn/an/an/a1.43%1.13%n/a
Growth
Asset Growth (YoY)27.41%30.69%30.52%7.87%7.01%-2,040 bps
Loan Growth (YoY)-32.87%-41.90%-44.87%-17.15%-2.48%+3,039 bps
Deposit Growth (YoY)35.13%36.03%34.42%7.11%5.68%-2,945 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/a2.49%1.47%n/a
Allowance / Loansn/an/an/a1.70%1.66%n/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/a18.04%17.31%n/a
Equity / Assetsn/an/an/a6.90%7.15%n/a
Liquidity & Funding
Loans / Deposits35.61%32.56%27.70%27.69%32.86%-275 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a