PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Pinebank, National Association

Miami, FL · Cert 33437

FDIC

Q2 2006

$412.7MAssets
$366.9MLoans
$274.9MDeposits
$35.3MEquity
Deposit mix
86%Interest-bearing $237.3M14%Noninterest $37.6MQ2 2005Q2 2006

NIM

4.48%Q2 ’045.14%Q2 ’055.99%Q2 ’06-5%-9%

Non-interest income vs. expense

2.74%Q2 ’042.55%Q2 ’052.94%Q2 ’06+1%+26%

Executive Summary

  • Earnings: ROA of 0.04%, down 54 bps year over year; NIM at 2.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 133.46% of deposits as of Q2 2006.

Financial Results

Return on Assets (YTD, annualized)

0.04%-54 bps YoY

Net Interest Margin (YTD, annualized)

2.73%-28 bps YoY

Efficiency Ratio (YTD, annualized)

97.22%+2,336 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets0.58%0.52%0.48%0.12%0.04%-54 bps
Return on Equity7.50%6.53%5.85%1.40%0.50%-700 bps
Net Interest Margin3.01%2.92%2.93%2.97%2.73%-28 bps
Efficiency Ratio73.86%75.27%79.38%93.29%97.22%+2,336 bps
Non-Interest Burden2.11%2.09%2.24%2.75%2.65%+54 bps
Growth
Asset Growth (YoY)9.57%-2.06%-9.40%-5.56%-3.15%-1,272 bps
Loan Growth (YoY)6.52%-2.40%-5.78%3.59%5.66%-86 bps
Deposit Growth (YoY)-6.69%-18.42%-12.98%-5.56%-2.31%+438 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.04%-0.02%-0.05%-0.02%0 bps
Allowance / Loansn/an/an/an/an/an/an/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 Capital26.45%27.24%25.85%24.80%24.23%-222 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits123.39%130.76%131.66%130.49%133.46%+1,007 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