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Century National Bank

Orlando, FL · Cert 35217

FDIC

Q2 2006

$457.0MAssets
$124.1MLoans
$393.6MDeposits
$59.1MEquity
Deposit mix
74%Interest-bearing $291.3M26%Noninterest $102.3MQ2 2005Q2 2006

NIM

2.96%Q2 ’041.24%Q2 ’054.96%Q2 ’06-61%+253%

Non-interest income vs. expense

1.44%Q2 ’040.52%Q2 ’051.46%Q2 ’06-63%+188%

Executive Summary

  • Earnings: ROA of 1.14%, up 83 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 31.53% of deposits as of Q2 2006.

Financial Results

Return on Assets (YTD, annualized)

1.14%+83 bps YoY

Net Interest Margin (YTD, annualized)

3.43%+246 bps YoY

Efficiency Ratio (YTD, annualized)

38.59%-100 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets0.32%0.58%0.75%1.18%1.14%+83 bps
Return on Equity3.37%5.40%6.56%8.56%8.47%+511 bps
Net Interest Margin0.97%1.65%2.01%3.35%3.43%+246 bps
Efficiency Ratio39.59%40.12%39.59%38.79%38.59%-100 bps
Non-Interest Burden0.47%0.75%0.87%1.34%1.36%+89 bps
Growth
Asset Growth (YoY)35.32%41.29%31.76%31.43%19.00%-1,632 bps
Loan Growth (YoY)22.93%20.44%21.14%12.00%11.48%-1,146 bps
Deposit Growth (YoY)24.41%30.24%20.41%21.62%22.16%-225 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%0.00%0 bps
Allowance / Loans1.12%1.12%1.09%1.12%1.10%-2 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 Capital15.63%16.48%16.83%17.53%16.86%+123 bps
Equity / Assets14.45%13.89%14.03%13.54%12.93%-152 bps
Liquidity & Funding
Loans / Deposits34.55%33.25%34.34%32.18%31.53%-302 bps
Liquid Assets / Assets22.06%18.03%24.15%19.85%5.34%-1,672 bps
CRE / Total Capitaln/an/an/an/an/an/an/a