PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Millennium Bank

Gainesville, FL · Cert 34946

FDIC

Q1 2008

$195.1MAssets
$144.1MLoans
$126.6MDeposits
$30.5MEquity
Loan mix
97%RE $117.1M3%C&I $3.8M0%Consumer $0.1MQ1 2007Q1 2008
Deposit mix
80%Interest-bearing $101.8M20%Noninterest $24.8MQ1 2007Q1 2008

NIM

5.61%Q1 ’066.17%Q1 ’072.37%Q1 ’08-13%-56%

Non-interest income vs. expense

2.68%Q1 ’062.37%Q1 ’070.90%Q1 ’08-16%-60%

Executive Summary

  • Earnings: ROA of 0.39%, down 27 bps year over year; NIM at 1.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.59%.
  • Funding: loans stand at 113.80% of deposits as of Q1 2008.

Financial Results

Return on Assets (YTD, annualized)

0.39%-27 bps YoY

Net Interest Margin (YTD, annualized)

1.34%-170 bps YoY

Efficiency Ratio (YTD, annualized)

59.33%-496 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets0.66%0.66%0.69%0.70%0.39%-27 bps
Return on Equity4.45%4.45%4.63%4.71%2.47%-198 bps
Net Interest Margin3.04%2.95%2.93%3.03%1.34%-170 bps
Efficiency Ratio64.29%65.49%65.29%64.17%59.33%-496 bps
Non-Interest Burden1.84%1.85%1.81%1.84%0.73%-111 bps
Growth
Asset Growth (YoY)15.74%10.51%4.98%0.52%-2.49%-1,823 bps
Loan Growth (YoY)22.97%8.71%6.25%2.12%-1.75%-2,472 bps
Deposit Growth (YoY)10.58%17.78%14.32%-2.51%-12.52%-2,310 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.00%0.59%+59 bps
Allowance / Loans1.20%1.27%1.25%1.23%1.08%-12 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 Capital10.24%10.97%10.69%10.87%10.65%+41 bps
Equity / Assets14.56%14.82%14.75%15.61%15.63%+107 bps
Liquidity & Funding
Loans / Deposits101.33%91.73%93.15%109.83%113.80%+1,248 bps
Liquid Assets / Assets0.58%0.80%0.77%0.80%0.38%-20 bps
CRE / Total Capitaln/an/an/an/an/an/an/a