PackageTrendsPeer
Letter portraitLegal landscape

Flagship National Bank

Bradenton, FL · Cert 35044

FDIC

Q3 2009

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2009, the quarter ended September 30, 2009, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Flagship National Bank

Bradenton, FL · Cert 35044

FDIC

Q3 2009

$177.6MAssets
$120.6MLoans
$170.1MDeposits
$-3035KEquity
Loan mix
86%RE $80.2M14%C&I $12.9M0%Consumer $0.0MQ3 2008Q3 2009
Deposit mix
95%Interest-bearing $161.7M5%Noninterest $8.4MQ3 2008Q3 2009

NIM

6.74%Q3 ’075.67%Q3 ’084.24%Q3 ’09-25%-44%

Non-interest income vs. expense

1.65%Q3 ’071.87%Q3 ’082.65%Q3 ’09+18%+45%

Executive Summary

  • Earnings: ROA of -12.30%, down 1,047 bps year over year; NIM at 1.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 18.06%.
  • Funding: loans stand at 70.90% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

-12.30%-1,047 bps YoY

Net Interest Margin (YTD, annualized)

1.14%-91 bps YoY

Efficiency Ratio (YTD, annualized)

211%+12,474 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-1.82%-3.21%-8.61%-9.68%-12.30%-1,047 bps
Return on Equity-25.18%-44.56%-139.87%-195.71%-359%-33,363 bps
Net Interest Margin2.05%1.88%1.25%1.20%1.14%-91 bps
Efficiency Ratio86.25%111.37%164.25%185.44%211%+12,474 bps
Non-Interest Burden1.75%2.10%2.12%2.32%2.53%+79 bps
Growth
Asset Growth (YoY)11.26%-5.67%-11.53%-14.00%-23.00%-3,426 bps
Loan Growth (YoY)-3.99%-8.04%-12.00%-17.99%-21.90%-1,791 bps
Deposit Growth (YoY)15.59%-5.40%-9.08%-9.65%-17.34%-3,293 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.44%1.92%7.16%12.22%18.06%+1,562 bps
Allowance / Loans1.83%3.89%4.98%4.96%4.73%+290 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 Capital9.67%10.57%8.02%4.62%-2.76%-1,243 bps
Equity / Assets5.71%7.03%5.24%2.40%-1.71%-742 bps
Liquidity & Funding
Loans / Deposits75.05%82.57%81.76%73.85%70.90%-414 bps
Liquid Assets / Assets0.46%0.73%1.96%6.41%4.41%+395 bps
CRE / Total Capitaln/an/an/an/an/an/an/a