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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

3.03%Q2 ’04-0.51%Q2 ’055.16%Q2 ’06-117%+897%

Non-interest income vs. expense

1.44%Q2 ’04-0.04%Q2 ’051.48%Q2 ’06-101%+15366%

Executive Summary

  • Earnings: ROA of 1.11%, up 136 bps year over year; NIM at 3.49%.
  • 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 (quarter, annualized)

1.11%+136 bps YoY

Net Interest Margin (quarter, annualized)

3.49%+393 bps YoY

Efficiency Ratio (quarter, annualized)

38.40%-1,263 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets-0.25%1.02%1.19%1.18%1.11%+136 bps
Return on Equity-2.38%7.18%8.50%8.56%8.37%+1,075 bps
Net Interest Margin-0.44%3.12%3.34%3.35%3.49%+393 bps
Efficiency Ratio51.03%40.44%38.83%38.79%38.40%-1,263 bps
Non-Interest Burden-0.01%1.36%1.34%1.34%1.38%+139 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