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Tarpon Coast National Bank

Port Charlotte, FL · Cert 34642

FDIC

Q2 2009

$420.1MAssets
$341.9MLoans
$358.2MDeposits
$52.9MEquity
Deposit mix
92%Interest-bearing $330.8M8%Noninterest $27.5MQ2 2008Q2 2009

NIM

6.04%Q2 ’075.29%Q2 ’084.01%Q2 ’09-7%-40%

Non-interest income vs. expense

2.58%Q2 ’073.95%Q2 ’084.34%Q2 ’09-55%+11%

Executive Summary

  • Earnings: ROA of -4.95%, down 384 bps year over year; NIM at 1.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 9.97%.
  • Funding: loans stand at 95.45% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

-4.95%-384 bps YoY

Net Interest Margin (quarter, annualized)

1.57%-106 bps YoY

Efficiency Ratio (quarter, annualized)

85.57%+1,863 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-1.11%-0.60%-32.15%0.10%-4.95%-384 bps
Return on Equity-6.59%-3.48%-227%0.86%-39.00%-3,241 bps
Net Interest Margin2.63%2.38%1.98%1.99%1.57%-106 bps
Efficiency Ratio66.94%73.24%82.86%76.09%85.57%+1,863 bps
Non-Interest Burden0.97%1.11%22.22%0.92%1.07%+10 bps
Growth
Asset Growth (YoY)3.48%-5.62%-8.64%-11.43%-8.74%-1,222 bps
Loan Growth (YoY)-0.73%-6.88%-8.47%-11.14%-9.76%-903 bps
Deposit Growth (YoY)-4.86%-11.89%1.25%-3.38%2.25%+711 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.30%2.48%10.90%2.28%9.97%+667 bps
Allowance / Loans2.07%2.14%5.24%4.97%5.09%+301 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 Capital14.14%14.13%11.84%14.48%14.30%+16 bps
Equity / Assets17.25%17.46%10.70%12.79%12.59%-466 bps
Liquidity & Funding
Loans / Deposits108.15%110.35%94.34%97.31%95.45%-1,271 bps
Liquid Assets / Assets0.80%1.18%1.24%1.56%1.69%+89 bps
CRE / Total Capitaln/an/an/an/an/an/an/a