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Community National Bank of Mid-Florida

Lake Mary, FL · Cert 34994

FDIC

Q4 2003

$140.2MAssets
$92.1MLoans
$128.9MDeposits
$11.0MEquity
Loan mix
34%RE $6.3M64%C&I $11.8M1%Consumer $0.2MQ4 2002Q4 2003
Deposit mix
87%Interest-bearing $112.0M13%Noninterest $16.9MQ4 2002Q4 2003

NIM

5.54%Q4 ’015.22%Q4 ’024.67%Q4 ’03+12%-3%

Non-interest income vs. expense

2.17%Q4 ’011.66%Q4 ’021.61%Q4 ’03-25%-4%

Executive Summary

  • Earnings: ROA of 0.62%, down 11 bps year over year; NIM at 2.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.17%.
  • Funding: loans stand at 71.51% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

0.62%-11 bps YoY

Net Interest Margin (YTD, annualized)

2.74%-7 bps YoY

Efficiency Ratio (YTD, annualized)

56.21%-52 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.74%0.71%0.68%0.65%0.62%-11 bps
Return on Equity9.35%9.91%9.41%8.83%8.35%-100 bps
Net Interest Margin2.81%2.97%2.84%2.77%2.74%-7 bps
Efficiency Ratio56.72%55.47%55.88%56.49%56.21%-52 bps
Non-Interest Burden1.55%1.56%1.52%1.51%1.49%-6 bps
Growth
Asset Growth (YoY)52.42%38.12%31.62%23.60%19.34%-3,307 bps
Loan Growth (YoY)42.22%32.05%17.35%20.02%17.43%-2,479 bps
Deposit Growth (YoY)54.81%40.81%32.44%23.33%19.16%-3,565 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.01%0.14%0.21%0.17%+17 bps
Allowance / Loans1.13%1.22%1.17%1.08%1.26%+13 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 Capital10.55%10.87%11.79%11.95%12.00%+145 bps
Equity / Assets7.31%6.94%7.39%7.87%7.83%+52 bps
Liquidity & Funding
Loans / Deposits72.56%67.89%66.74%70.88%71.51%-105 bps
Liquid Assets / Assets8.68%8.09%11.24%6.95%6.80%-188 bps
CRE / Total Capitaln/an/an/an/an/an/an/a