PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank Brevard, The

Melbourne, FL · Cert 34258

FDIC

Q1 2008

$207.8MAssets
$140.1MLoans
$149.0MDeposits
$49.2MEquity
Loan mix
86%RE $100.8M14%C&I $16.8M0%Consumer $0.1MQ1 2007Q1 2008
Deposit mix
94%Interest-bearing $140.2M6%Noninterest $8.8MQ1 2007Q1 2008

NIM

6.82%Q1 ’066.37%Q1 ’075.45%Q1 ’08-16%-3%

Non-interest income vs. expense

1.98%Q1 ’062.20%Q1 ’072.04%Q1 ’08+11%-4%

Executive Summary

  • Earnings: ROA of 0.40%, down 49 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.22%.
  • Funding: loans stand at 94.01% of deposits as of Q1 2008.

Financial Results

Return on Assets (quarter, annualized)

0.40%-49 bps YoY

Net Interest Margin (quarter, annualized)

3.44%-12 bps YoY

Efficiency Ratio (quarter, annualized)

50.80%-2 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets0.89%0.67%0.03%-0.68%0.40%-49 bps
Return on Equity5.21%2.96%0.14%-2.87%1.66%-355 bps
Net Interest Margin3.56%3.62%3.60%3.74%3.44%-12 bps
Efficiency Ratio50.82%47.55%50.28%43.15%50.80%-2 bps
Non-Interest Burden2.05%1.94%2.08%2.03%1.97%-9 bps
Growth
Asset Growth (YoY)5.50%7.61%8.97%8.58%-4.19%-969 bps
Loan Growth (YoY)-19.61%-14.18%-0.20%4.06%1.74%+2,135 bps
Deposit Growth (YoY)-9.31%-7.21%-6.51%-8.77%-4.54%+477 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.15%1.44%0.80%3.22%+322 bps
Allowance / Loans2.17%2.23%2.38%3.11%2.82%+65 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 Capital15.36%14.73%14.66%15.64%16.14%+78 bps
Equity / Assets22.38%23.19%23.27%24.42%23.68%+131 bps
Liquidity & Funding
Loans / Deposits88.21%97.54%98.78%108.38%94.01%+580 bps
Liquid Assets / Assets0.35%0.35%0.37%0.37%0.18%-17 bps
CRE / Total Capitaln/an/an/an/an/an/an/a