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Premier Community Bank

Venice, FL · Cert 34344

FDIC

Q1 2004

$133.6MAssets
$88.5MLoans
$96.2MDeposits
$9.5MEquity
Loan mix
52%RE $16.4M48%C&I $15.1M0%Consumer $0.0MQ1 2003Q1 2004
Deposit mix
82%Interest-bearing $79.1M18%Noninterest $17.1MQ1 2003Q1 2004

NIM

6.31%Q1 ’025.27%Q1 ’035.31%Q1 ’04-6%+10%

Non-interest income vs. expense

3.07%Q1 ’023.13%Q1 ’033.22%Q1 ’04-2%-7%

Executive Summary

  • Earnings: ROA of 0.81%, up 1 bps year over year; NIM at 4.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 91.97% of deposits as of Q1 2004.

Financial Results

Return on Assets (quarter, annualized)

0.81%+1 bps YoY

Net Interest Margin (quarter, annualized)

4.05%+38 bps YoY

Efficiency Ratio (quarter, annualized)

69.39%-924 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets0.80%10.67%0.41%0.89%0.81%+1 bps
Return on Equity12.25%10.11%6.02%12.66%11.38%-87 bps
Net Interest Margin3.66%3.55%3.72%4.03%4.05%+38 bps
Efficiency Ratio78.63%79.45%76.21%68.97%69.39%-924 bps
Non-Interest Burden2.81%2.70%2.75%2.56%2.63%-19 bps
Growth
Asset Growth (YoY)6.84%-0.31%-4.18%-0.05%5.85%-99 bps
Loan Growth (YoY)12.27%19.97%17.36%16.12%13.34%+108 bps
Deposit Growth (YoY)8.80%1.87%-3.65%-2.22%6.57%-224 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.11%0.11%0.74%0.05%+4 bps
Allowance / Loans1.24%1.15%1.23%1.09%1.15%-8 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 Capital10.61%10.13%10.10%10.46%10.99%+39 bps
Equity / Assets6.43%6.84%6.90%7.12%7.14%+71 bps
Liquidity & Funding
Loans / Deposits86.47%96.09%98.04%99.45%91.97%+550 bps
Liquid Assets / Assets0.11%0.05%0.02%0.02%0.01%-10 bps
CRE / Total Capitaln/an/an/an/an/an/an/a