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Letter portraitLegal landscapeQuarterYTD

Community Bank of Naples, National Association

Naples, FL · Cert 35088

FDIC

Q1 2008

$406.4MAssets
$333.0MLoans
$245.5MDeposits
$35.6MEquity
Loan mix
97%RE $237.6M3%C&I $7.6M0%Consumer $0.0MQ1 2007Q1 2008
Deposit mix
85%Interest-bearing $207.8M15%Noninterest $37.7MQ1 2007Q1 2008

NIM

6.43%Q1 ’066.93%Q1 ’072.65%Q1 ’08-14%-60%

Non-interest income vs. expense

1.91%Q1 ’061.83%Q1 ’070.78%Q1 ’08+6%-54%

Executive Summary

  • Earnings: ROA of 0.47%, down 71 bps year over year; NIM at 1.42%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.75%.
  • Funding: loans stand at 135.63% of deposits as of Q1 2008.

Financial Results

Return on Assets (quarter, annualized)

0.47%-71 bps YoY

Net Interest Margin (quarter, annualized)

1.42%-210 bps YoY

Efficiency Ratio (quarter, annualized)

50.78%+389 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets1.18%0.80%0.82%0.17%0.47%-71 bps
Return on Equity14.39%9.71%9.58%1.92%5.41%-898 bps
Net Interest Margin3.52%3.50%3.44%3.27%1.42%-210 bps
Efficiency Ratio46.89%44.06%48.29%54.09%50.78%+389 bps
Non-Interest Burden1.46%1.32%1.47%1.62%0.67%-79 bps
Growth
Asset Growth (YoY)14.17%6.58%1.00%-5.34%-6.81%-2,099 bps
Loan Growth (YoY)10.46%8.49%3.35%0.22%-3.96%-1,442 bps
Deposit Growth (YoY)14.35%-1.11%2.43%-9.65%-27.55%-4,190 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%1.17%0.98%0.82%0.75%+67 bps
Allowance / Loans1.25%1.21%1.22%1.44%1.04%-21 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 Capital11.82%11.66%11.99%11.73%10.86%-97 bps
Equity / Assets8.16%8.41%8.69%8.65%8.75%+59 bps
Liquidity & Funding
Loans / Deposits102.31%114.61%110.03%114.93%135.63%+3,332 bps
Liquid Assets / Assets7.02%7.96%7.14%8.11%0.32%-670 bps
CRE / Total Capitaln/an/an/an/an/an/an/a