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Bank of St. Augustine

Saint Augustine, FL · Cert 34413

FDIC

Q2 2013

$164.3MAssets
$125.1MLoans
$141.2MDeposits
$14.3MEquity
Loan mix
93%RE $95.9M6%C&I $6.4M1%Consumer $0.8MQ2 2012Q2 2013
Deposit mix
77%Interest-bearing $108.9M23%Noninterest $32.3MQ2 2012Q2 2013

NIM

3.71%Q1 ’123.86%Q2 ’123.88%Q2 ’13+6%+6%

Non-interest income vs. expense

2.89%Q1 ’122.94%Q2 ’123.30%Q2 ’13+0%+11%

Executive Summary

  • Earnings: ROA of 0.11%, down 26 bps year over year; NIM at 3.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 88.60% of deposits as of Q2 2013.

Financial Results

Return on Assets (YTD, annualized)

0.11%-26 bps YoY

Net Interest Margin (YTD, annualized)

3.31%+19 bps YoY

Efficiency Ratio (YTD, annualized)

88.54%+360 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.37%0.30%0.11%10.12%0.11%-26 bps
Return on Equityn/an/an/a1.39%1.23%n/a
Net Interest Margin3.11%3.27%3.36%3.21%3.31%+19 bps
Efficiency Ratio84.94%84.12%85.28%87.11%88.54%+360 bps
Non-Interest Burden2.59%2.69%2.81%2.74%2.88%+29 bps
Growth
Asset Growth (YoY)-1.92%-12.45%-9.98%-9.71%-7.84%-591 bps
Loan Growth (YoY)-0.19%-0.55%-2.87%-4.76%-6.67%-648 bps
Deposit Growth (YoY)-1.60%-12.21%-10.38%-8.89%-6.50%-490 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.03%1.56%1.62%-0.01%0.26%-177 bps
Allowance / Loans1.98%2.02%2.00%2.14%2.17%+20 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 Capital11.31%12.14%12.21%12.78%13.10%+179 bps
Equity / Assets7.62%8.43%8.50%8.62%8.71%+109 bps
Liquidity & Funding
Loans / Deposits88.77%93.89%92.36%89.73%88.60%-17 bps
Liquid Assets / Assets7.26%4.69%5.35%6.81%7.33%+7 bps
CRE / Total Capitaln/an/an/an/an/an/an/a