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Premier Bank

Tallahassee, FL · Cert 33992

FDIC

Q3 2012

$272.1MAssets
$172.1MLoans
$245.3MDeposits
$8.9MEquity
Loan mix
83%RE $109.5M15%C&I $19.6M2%Consumer $2.5MQ3 2011Q3 2012
Deposit mix
82%Interest-bearing $200.3M18%Noninterest $45.0MQ3 2011Q3 2012

NIM

4.52%Q3 ’103.91%Q3 ’113.93%Q3 ’12-9%+19%

Non-interest income vs. expense

3.66%Q3 ’104.14%Q3 ’114.62%Q3 ’12+11%+20%

Executive Summary

  • Earnings: ROA of -0.90%, up 259 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 2.20%.
  • Funding: loans stand at 70.15% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

-0.90%+259 bps YoY

Net Interest Margin (YTD, annualized)

3.37%+54 bps YoY

Efficiency Ratio (YTD, annualized)

115.35%+150 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets-3.48%-3.12%-0.24%-0.40%-0.90%+259 bps
Return on Equity-76.33%-70.79%-6.61%-10.96%-25.33%+5,100 bps
Net Interest Margin2.83%2.90%3.25%3.29%3.37%+54 bps
Efficiency Ratio113.85%117.46%106.17%106.46%115.35%+150 bps
Non-Interest Burden3.33%3.53%3.48%3.53%3.98%+65 bps
Growth
Asset Growth (YoY)-16.68%-17.00%-14.13%-15.56%-17.12%-44 bps
Loan Growth (YoY)-22.75%-21.37%-19.31%-20.22%-16.84%+591 bps
Deposit Growth (YoY)-13.42%-11.47%-9.04%-12.21%-13.92%-50 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.87%5.33%0.53%2.13%2.20%-367 bps
Allowance / Loans4.20%3.90%3.92%3.41%3.26%-93 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 Capital6.99%6.47%6.60%6.71%6.13%-85 bps
Equity / Assets3.73%3.64%3.60%3.63%3.27%-46 bps
Liquidity & Funding
Loans / Deposits72.61%75.67%72.66%70.92%70.15%-246 bps
Liquid Assets / Assets22.41%16.14%18.06%20.18%20.53%-188 bps
CRE / Total Capitaln/an/an/an/an/an/an/a