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First Peoples Bank

Port Saint Lucie, FL · Cert 34870

FDIC

Q2 2011

$225.0MAssets
$157.1MLoans
$207.6MDeposits
$1.3MEquity
Loan mix
88%RE $113.0M9%C&I $11.7M3%Consumer $4.0MQ2 2010Q2 2011
Deposit mix
90%Interest-bearing $186.8M10%Noninterest $20.9MQ2 2010Q2 2011

NIM

4.91%Q2 ’094.73%Q2 ’104.58%Q2 ’11+27%+5%

Non-interest income vs. expense

4.97%Q2 ’093.83%Q2 ’104.32%Q2 ’11-26%+48%

Executive Summary

  • Earnings: ROA of -3.06%, down 95 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.93%.
  • Funding: loans stand at 75.69% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

-3.06%-95 bps YoY

Net Interest Margin (quarter, annualized)

3.19%+14 bps YoY

Efficiency Ratio (quarter, annualized)

156.57%+5,215 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-2.12%-2.05%-4.41%-7.29%-3.06%-95 bps
Return on Equity-45.67%-47.92%-127.51%-368%-367%-32,133 bps
Net Interest Margin3.05%3.18%3.23%3.23%3.19%+14 bps
Efficiency Ratio104.42%140.45%182.04%205%156.57%+5,215 bps
Non-Interest Burden3.21%4.16%5.21%5.50%4.75%+154 bps
Growth
Asset Growth (YoY)-0.68%-9.92%-6.36%-11.08%-13.58%-1,290 bps
Loan Growth (YoY)-4.14%-9.99%-11.79%-14.73%-13.35%-921 bps
Deposit Growth (YoY)1.27%-8.53%-3.71%-7.35%-10.60%-1,187 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.52%2.36%3.60%4.67%0.93%-359 bps
Allowance / Loans2.65%3.04%2.88%3.64%4.23%+158 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 Capital7.41%7.05%5.57%3.09%1.63%-578 bps
Equity / Assets4.48%4.05%2.85%1.09%0.57%-390 bps
Liquidity & Funding
Loans / Deposits78.09%80.62%79.52%76.72%75.69%-240 bps
Liquid Assets / Assets11.50%7.52%5.34%6.43%8.32%-318 bps
CRE / Total Capitaln/an/an/an/an/an/an/a