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Gulf Coast National Bank

Naples, FL · Cert 34048

FDIC

Q4 2001

$393.9MAssets
$298.1MLoans
$292.0MDeposits
$28.3MEquity
Loan mix
86%RE $97.6M13%C&I $15.3M0%Consumer $0.5MQ4 2000Q4 2001
Deposit mix
85%Interest-bearing $249.5M15%Noninterest $42.4MQ4 2000Q4 2001

NIM

7.56%Q1 ’016.98%Q3 ’016.42%Q4 ’01+4%+7%

Non-interest income vs. expense

3.20%Q1 ’012.96%Q3 ’013.20%Q4 ’01-16%+10%

Executive Summary

  • Earnings: ROA of 1.08%, up 26 bps year over year; NIM at 4.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 102.11% of deposits as of Q4 2001.

Financial Results

Return on Assets (quarter, annualized)

1.08%+26 bps YoY

Net Interest Margin (quarter, annualized)

4.18%

Efficiency Ratio (quarter, annualized)

63.71%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets0.82%0.75%0.96%1.04%1.08%+26 bps
Return on Equityn/an/a14.98%15.30%15.35%n/a
Net Interest Marginn/a3.74%3.81%3.89%4.18%n/a
Efficiency Ration/a72.60%67.57%62.72%63.71%n/a
Non-Interest Burdenn/a2.53%2.24%2.13%2.35%n/a
Growth
Asset Growth (YoY)38.28%30.86%16.15%21.48%24.27%-1,401 bps
Loan Growth (YoY)38.17%29.92%25.31%32.77%39.68%+151 bps
Deposit Growth (YoY)34.16%25.75%12.02%18.66%12.76%-2,139 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.00%0.00%0.00%0.00%n/a
Allowance / Loansn/a0.72%0.76%0.73%0.69%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/a10.00%10.23%10.09%10.31%n/a
Equity / Assetsn/a6.17%6.68%6.89%7.18%n/a
Liquidity & Funding
Loans / Deposits82.43%80.28%86.07%94.08%102.11%+1,968 bps
Liquid Assets / Assets0.00%4.23%5.05%5.36%5.01%+501 bps
CRE / Total Capitaln/an/an/an/an/an/an/a