First Bradenton Bank

Bradenton, FL · Cert 34537

FDIC

Q3 2004

$65.7MAssets

$50.2MLoans

$60.2MDeposits

$5.3MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 0.88%, up 4 bps year over year; NIM at 3.23%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
Funding: loans stand at 83.44% of deposits as of Q3 2004.

Return on Assets (YTD, annualized)

0.88%+4 bps YoY

Net Interest Margin (YTD, annualized)

3.23%

Efficiency Ratio (YTD, annualized)

68.80%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 2002	Q1 2003	Q2 2003	Q3 2003	Q4 2003	Q1 2004	Q2 2004	Q3 2004	YoY Δ	Trend
Earnings
Return on Assets	0.58%	0.81%	0.82%	0.84%	0.84%	1.02%	0.96%	0.88%	+4 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	12.05%	11.77%	10.80%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	3.23%	3.22%	3.16%	3.23%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	74.36%	64.91%	65.79%	68.80%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	2.37%	1.97%	2.00%	2.16%	n/a
Growth
Asset Growth (YoY)	21.39%	13.90%	13.44%	10.82%	14.09%	23.55%	30.19%	32.62%	+2,180 bps
Loan Growth (YoY)	21.31%	19.49%	10.96%	15.78%	22.55%	41.01%	44.07%	33.52%	+1,774 bps
Deposit Growth (YoY)	23.78%	15.04%	14.65%	11.66%	15.29%	25.38%	32.83%	34.96%	+2,330 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.00%	0.00%	0.00%	0.00%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	0.50%	0.50%	0.58%	0.62%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	12.52%	10.29%	10.62%	11.05%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	8.98%	7.99%	7.72%	8.03%	n/a
Liquidity & Funding
Loans / Deposits	80.83%	79.59%	78.00%	84.34%	85.92%	89.51%	84.60%	83.44%	-90 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.20%	0.19%	0.20%	0.20%	+20 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a