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Commercial Bank of Volusia County, The

Ormond Beach, FL · Cert 34439

FDIC

Q4 2011

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2011, the quarter ended December 31, 2011, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Commercial Bank of Volusia County, The

Ormond Beach, FL · Cert 34439

FDIC

Q4 2011

$79.5MAssets
$52.7MLoans
$72.6MDeposits
$4.4MEquity
Loan mix
85%RE $36.7M14%C&I $5.8M1%Consumer $0.5MQ4 2010Q4 2011
Deposit mix
90%Interest-bearing $65.5M10%Noninterest $7.1MQ4 2010Q4 2011

NIM

4.95%Q4 ’095.30%Q4 ’104.93%Q4 ’11+41%+0%

Non-interest income vs. expense

2.60%Q4 ’092.76%Q4 ’103.77%Q4 ’11+9%+43%

Executive Summary

  • Earnings: ROA of -4.26%, down 452 bps year over year; NIM at 4.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 8.85%.
  • Funding: loans stand at 72.63% of deposits as of Q4 2011.

Financial Results

Return on Assets (YTD, annualized)

-4.26%-452 bps YoY

Net Interest Margin (YTD, annualized)

4.24%+1 bps YoY

Efficiency Ratio (YTD, annualized)

87.66%+2,490 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets0.26%-0.94%-3.04%-2.38%-4.26%-452 bps
Return on Equity2.97%-10.40%-34.72%-27.76%-53.24%-5,621 bps
Net Interest Margin4.23%4.11%4.32%4.35%4.24%+1 bps
Efficiency Ratio62.76%81.74%90.58%88.17%87.66%+2,490 bps
Non-Interest Burden2.59%3.32%3.92%3.83%3.71%+112 bps
Growth
Asset Growth (YoY)-5.26%-14.59%-9.86%-10.05%-9.39%-413 bps
Loan Growth (YoY)-6.19%-9.00%-12.44%-16.36%-23.42%-1,723 bps
Deposit Growth (YoY)-5.78%-15.62%-9.10%-9.07%-9.26%-348 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.45%5.55%8.58%6.37%8.85%+739 bps
Allowance / Loans3.25%2.73%2.80%3.45%3.09%-16 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 Capital11.58%11.08%9.02%8.83%7.45%-413 bps
Equity / Assets8.80%9.32%8.14%8.07%5.56%-324 bps
Liquidity & Funding
Loans / Deposits86.06%89.70%83.25%81.00%72.63%-1,343 bps
Liquid Assets / Assets8.01%2.31%7.44%10.81%26.00%+1,800 bps
CRE / Total Capitaln/an/an/an/an/an/an/a