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Landmark Bank of Florida

Sarasota, FL · Cert 35244

FDIC

Q2 2011

$266.5MAssets
$225.3MLoans
$244.4MDeposits
$-172KEquity
Loan mix
92%RE $150.6M6%C&I $10.5M1%Consumer $2.3MQ2 2010Q2 2011
Deposit mix
89%Interest-bearing $217.8M11%Noninterest $26.5MQ2 2010Q2 2011

NIM

4.78%Q2 ’094.42%Q2 ’103.83%Q2 ’11+19%-1%

Non-interest income vs. expense

2.50%Q2 ’093.16%Q2 ’103.96%Q2 ’11+28%+29%

Executive Summary

  • Earnings: ROA of -1.63%, up 480 bps year over year; NIM at 3.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.31%.
  • Funding: loans stand at 92.21% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

-1.63%+480 bps YoY

Net Interest Margin (quarter, annualized)

3.00%-2 bps YoY

Efficiency Ratio (quarter, annualized)

122.78%+2,663 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-6.43%-0.13%-1.26%-11.14%-1.63%+480 bps
Return on Equity-167.55%-4.09%-39.92%-683%-1750%-158,295 bps
Net Interest Margin3.02%3.01%2.64%3.13%3.00%-2 bps
Efficiency Ratio96.15%98.80%98.68%145.86%122.78%+2,663 bps
Non-Interest Burden2.89%2.97%2.59%4.65%3.73%+84 bps
Growth
Asset Growth (YoY)-11.93%-12.67%-12.65%-16.35%-15.28%-335 bps
Loan Growth (YoY)-8.13%-9.40%-9.29%-11.19%-13.43%-530 bps
Deposit Growth (YoY)-8.63%-11.75%-10.95%-12.07%-10.27%-164 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.70%0.15%0.85%8.58%1.31%-39 bps
Allowance / Loans3.90%4.00%4.04%4.98%5.14%+124 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 Capital5.89%6.09%5.93%0.63%-0.10%-599 bps
Equity / Assets3.10%3.33%2.95%0.25%-0.06%-317 bps
Liquidity & Funding
Loans / Deposits95.58%98.55%98.39%95.34%92.21%-337 bps
Liquid Assets / Assets4.26%4.89%4.46%5.38%6.04%+178 bps
CRE / Total Capitaln/an/an/an/an/an/an/a