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Signature Bank

Saint Petersburg, FL · Cert 35234

FDIC

Q4 2006

$268.9MAssets
$216.5MLoans
$223.0MDeposits
$20.2MEquity
Loan mix
71%RE $58.9M27%C&I $22.3M2%Consumer $1.3MQ4 2005Q4 2006
Deposit mix
93%Interest-bearing $207.4M7%Noninterest $15.6MQ4 2005Q4 2006

NIM

4.77%Q4 ’045.34%Q4 ’056.64%Q4 ’06+9%+5%

Non-interest income vs. expense

2.52%Q4 ’042.53%Q4 ’052.90%Q4 ’06+1%+14%

Executive Summary

  • Earnings: ROA of 0.58%, down 25 bps year over year; NIM at 3.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.51%.
  • Funding: loans stand at 97.10% of deposits as of Q4 2006.

Financial Results

Return on Assets (YTD, annualized)

0.58%-25 bps YoY

Net Interest Margin (YTD, annualized)

3.88%+20 bps YoY

Efficiency Ratio (YTD, annualized)

67.39%+487 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets0.83%0.74%0.81%0.83%0.58%-25 bps
Return on Equity11.65%10.18%11.24%11.44%7.92%-374 bps
Net Interest Margin3.68%4.18%3.99%3.95%3.88%+20 bps
Efficiency Ratio62.53%66.44%65.98%66.81%67.39%+487 bps
Non-Interest Burden2.16%2.63%2.48%2.49%2.47%+31 bps
Growth
Asset Growth (YoY)37.15%38.57%33.32%20.14%19.29%-1,786 bps
Loan Growth (YoY)39.99%41.02%38.95%37.22%29.37%-1,062 bps
Deposit Growth (YoY)29.95%42.85%27.31%13.14%16.82%-1,313 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.03%0.02%0.51%+51 bps
Allowance / Loans1.28%1.28%1.28%1.27%1.26%-3 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 Capital10.38%10.15%10.05%10.13%10.08%-30 bps
Equity / Assets7.15%7.29%7.15%7.43%7.52%+37 bps
Liquidity & Funding
Loans / Deposits87.68%92.17%94.75%96.39%97.10%+942 bps
Liquid Assets / Assets11.79%8.43%7.36%6.48%6.63%-516 bps
CRE / Total Capitaln/an/an/an/an/an/an/a