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Suncoast National Bank

Sarasota, FL · Cert 35046

FDIC

Q2 2006

$140.2MAssets
$123.8MLoans
$125.2MDeposits
$14.6MEquity
Loan mix
74%RE $21.8M25%C&I $7.3M1%Consumer $0.4MQ3 2004Q2 2006
Deposit mix
92%Interest-bearing $115.4M8%Noninterest $9.8MQ3 2004Q2 2006

Executive Summary

  • Earnings: ROA of 0.67%, down 12 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 98.88% of deposits as of Q2 2006.

Return on Assets (quarter, annualized)

0.67%-12 bps YoY

Net Interest Margin (quarter, annualized)

3.40%-18 bps YoY

Efficiency Ratio (quarter, annualized)

63.34%+501 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.07%Q2 ’045.81%Q2 ’056.60%Q2 ’06+10%-5%

Non-interest income vs. expense

2.36%Q2 ’042.13%Q2 ’052.23%Q2 ’06-8%+3%

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets0.56%0.77%0.65%0.79%0.93%0.83%0.70%0.67%-12 bps
Return on Equity7.14%7.34%5.07%6.74%8.23%7.50%6.56%6.39%-36 bps
Net Interest Margin3.40%3.49%3.77%3.57%3.70%3.65%3.53%3.40%-18 bps
Efficiency Ratio68.00%58.71%60.08%58.33%55.92%56.27%62.00%63.34%+501 bps
Non-Interest Burden2.27%2.01%2.22%2.05%2.03%2.02%2.16%2.11%+6 bps
Growth
Asset Growth (YoY)42.02%21.89%25.03%33.48%24.01%30.76%22.90%15.16%-1,832 bps
Loan Growth (YoY)41.81%34.68%37.96%34.90%41.31%38.72%29.18%27.85%-705 bps
Deposit Growth (YoY)47.56%14.18%18.29%29.55%18.97%37.43%26.31%16.11%-1,343 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 / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.09%1.05%1.07%1.08%1.05%1.05%1.07%1.08%+1 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 Capital9.90%15.28%14.16%13.05%12.24%11.74%11.61%11.43%-162 bps
Equity / Assets7.77%13.26%12.25%11.27%11.43%10.75%10.65%10.38%-89 bps
Liquidity & Funding
Loans / Deposits81.73%96.44%97.19%89.80%97.07%97.34%99.39%98.88%+908 bps
Liquid Assets / Assets0.02%0.06%0.02%0.02%0.02%0.02%0.01%0.01%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a