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People's Community Bank of the West Coast

Sarasota, FL · Cert 35144

FDIC

Q2 2007

$324.0MAssets
$257.9MLoans
$239.0MDeposits
$31.0MEquity
Loan mix
81%RE $82.1M19%C&I $18.8M0%Consumer $0.0MQ2 2006Q2 2007
Deposit mix
85%Interest-bearing $203.8M15%Noninterest $35.2MQ2 2006Q2 2007

NIM

5.86%Q2 ’056.84%Q2 ’066.91%Q2 ’07+2%-11%

Non-interest income vs. expense

2.10%Q2 ’051.67%Q2 ’061.62%Q2 ’07-23%-2%

Executive Summary

  • Earnings: ROA of 1.55%, up 14 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 0.01%.
  • Funding: loans stand at 107.88% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

1.55%+14 bps YoY

Net Interest Margin (quarter, annualized)

3.40%-41 bps YoY

Efficiency Ratio (quarter, annualized)

43.43%+329 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.41%1.40%1.51%1.26%1.55%+14 bps
Return on Equity16.28%15.83%16.52%13.60%16.53%+25 bps
Net Interest Margin3.81%3.56%3.31%3.26%3.40%-41 bps
Efficiency Ratio40.14%40.66%47.65%45.14%43.43%+329 bps
Non-Interest Burden1.32%1.21%1.38%1.28%1.29%-3 bps
Growth
Asset Growth (YoY)17.42%20.67%24.48%10.18%8.59%-883 bps
Loan Growth (YoY)19.95%17.61%14.41%8.97%5.10%-1,485 bps
Deposit Growth (YoY)10.90%20.45%23.97%11.80%4.12%-678 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.01%+1 bps
Allowance / Loans1.17%1.17%1.21%1.17%1.10%-6 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 Capital10.74%11.30%12.02%11.30%11.87%+113 bps
Equity / Assets8.80%8.87%9.39%9.17%9.58%+78 bps
Liquidity & Funding
Loans / Deposits106.87%98.46%100.61%102.76%107.88%+100 bps
Liquid Assets / Assets2.98%3.55%5.74%5.48%5.59%+260 bps
CRE / Total Capitaln/an/an/an/an/an/an/a