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Beach Bank

North Miami Beach, FL · Cert 35051

FDIC

Q3 2006

$127.1MAssets
$74.2MLoans
$116.3MDeposits
$9.1MEquity
Deposit mix
84%Interest-bearing $97.9M16%Noninterest $18.4MQ3 2005Q3 2006

NIM

4.39%Q3 ’045.57%Q3 ’056.35%Q3 ’06+28%-3%

Non-interest income vs. expense

3.70%Q3 ’045.20%Q3 ’054.84%Q3 ’06+103%-6%

Executive Summary

  • Earnings: ROA of -0.65%, up 55 bps year over year; NIM at 3.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 63.83% of deposits as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

-0.65%+55 bps YoY

Net Interest Margin (YTD, annualized)

3.94%-13 bps YoY

Efficiency Ratio (YTD, annualized)

116.34%-348 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets-1.20%-1.75%-2.02%-0.94%-0.65%+55 bps
Return on Equity-13.65%-20.22%-25.67%-12.15%-8.53%+512 bps
Net Interest Margin4.08%4.45%3.92%3.96%3.94%-13 bps
Efficiency Ratio119.83%132.73%139.64%122.55%116.34%-348 bps
Non-Interest Burden4.94%6.00%5.56%4.90%4.62%-32 bps
Growth
Asset Growth (YoY)-10.82%-0.62%2.16%-12.15%8.58%+1,940 bps
Loan Growth (YoY)-14.72%-8.51%-7.90%-2.27%-2.90%+1,182 bps
Deposit Growth (YoY)4.67%13.15%3.70%-9.24%14.07%+939 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%0.08%-0.01%-0.03%0.10%-3 bps
Allowance / Loans1.36%1.33%1.56%1.50%1.41%+5 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 Capital15.28%13.35%13.06%13.50%13.26%-202 bps
Equity / Assets9.20%8.09%7.63%7.56%7.18%-202 bps
Liquidity & Funding
Loans / Deposits74.99%81.96%72.92%68.31%63.83%-1,115 bps
Liquid Assets / Assets28.47%27.71%22.75%20.47%19.37%-910 bps
CRE / Total Capitaln/an/an/an/an/an/an/a