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Marine National Bank of Naples

Naples, FL · Cert 34949

FDIC

Q2 2003

$55.8MAssets
$37.0MLoans
$42.2MDeposits
$6.5MEquity
Loan mix
78%RE $9.2M13%C&I $1.5M9%Consumer $1.1MQ2 2002Q2 2003
Deposit mix
94%Interest-bearing $39.8M6%Noninterest $2.4MQ2 2002Q2 2003

NIM

7.46%Q2 ’016.16%Q2 ’025.30%Q2 ’03+20%-8%

Non-interest income vs. expense

3.24%Q2 ’012.80%Q2 ’023.10%Q2 ’03-11%-3%

Executive Summary

  • Earnings: ROA of 0.00%, up 12 bps year over year; NIM at 2.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 87.59% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

0.00%+12 bps YoY

Net Interest Margin (YTD, annualized)

2.57%-22 bps YoY

Efficiency Ratio (YTD, annualized)

99.89%+502 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets-0.12%-0.13%-0.69%-0.21%0.00%+12 bps
Return on Equity-1.09%-1.20%-6.42%-2.03%0.03%+112 bps
Net Interest Margin2.79%2.62%2.62%2.39%2.57%-22 bps
Efficiency Ratio94.87%98.18%107.87%106.88%99.89%+502 bps
Non-Interest Burden2.64%2.57%2.84%2.60%2.57%-7 bps
Growth
Asset Growth (YoY)21.56%12.14%6.57%0.15%-12.15%-3,371 bps
Loan Growth (YoY)-5.08%-3.93%-4.48%19.50%15.24%+2,032 bps
Deposit Growth (YoY)25.73%10.68%6.52%8.15%-17.35%-4,308 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.00%0.00%0 bps
Allowance / Loans1.14%1.12%1.70%1.51%1.53%+39 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 Capital18.10%17.39%16.85%15.93%16.75%-134 bps
Equity / Assets10.66%10.57%10.45%10.59%11.64%+99 bps
Liquidity & Funding
Loans / Deposits62.82%62.79%66.00%77.38%87.59%+2,477 bps
Liquid Assets / Assets1.23%1.57%3.91%0.90%2.39%+116 bps
CRE / Total Capitaln/an/an/an/an/an/an/a