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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 $1.1MQ3 2001Q2 2003
Deposit mix
94%Interest-bearing $39.8M6%Noninterest $2.4MQ3 2001Q2 2003

Executive Summary

  • Earnings: ROA of 0.23%, up 34 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.

Return on Assets (quarter, annualized)

0.23%+34 bps YoY

Net Interest Margin (quarter, annualized)

2.57%+11 bps YoY

Efficiency Ratio (quarter, annualized)

91.79%-1,806 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

7.14%Q2 ’015.82%Q2 ’025.18%Q2 ’03+10%+4%

Non-interest income vs. expense

3.20%Q2 ’012.87%Q2 ’022.64%Q2 ’03-3%-14%

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets-0.95%-0.45%-0.13%-0.11%-0.15%-2.30%-0.21%0.23%+34 bps
Return on Equity-8.03%-4.01%-1.16%-1.04%-1.41%-21.88%-2.03%2.10%+313 bps
Net Interest Margin2.03%2.31%3.12%2.46%2.50%2.28%2.39%2.57%+11 bps
Efficiency Ratio139.80%113.55%82.94%109.85%104.79%138.93%106.88%91.79%-1,806 bps
Non-Interest Burden2.89%2.66%2.56%2.72%2.64%3.36%2.60%2.33%-39 bps
Growth
Asset Growth (YoY)-13.73%8.69%9.59%21.56%12.14%6.57%0.15%-12.15%-3,371 bps
Loan Growth (YoY)33.96%14.64%-7.31%-5.08%-3.93%-4.48%19.50%15.24%+2,032 bps
Deposit Growth (YoY)-10.44%19.79%6.42%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.00%0.00%0.00%0.01%0.02%0.00%0.00%0 bps
Allowance / Loans0.73%0.75%1.17%1.14%1.12%1.70%1.51%1.53%+39 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital16.90%17.35%18.64%18.10%17.39%16.85%15.93%16.75%-134 bps
Equity / Assets11.15%11.42%10.37%10.66%10.57%10.45%10.59%11.64%+99 bps
Liquidity & Funding
Loans / Deposits72.34%73.61%70.03%62.82%62.79%66.00%77.38%87.59%+2,477 bps
Liquid Assets / Assets0.66%0.29%0.09%1.23%1.57%3.91%0.90%2.39%+116 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a