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Letter portraitLegal landscapeQuarterYTD

Bank of Naples

Naples, FL · Cert 35396

FDIC

Q2 2012

$116.0MAssets
$78.0MLoans
$97.6MDeposits
$3.1MEquity
Loan mix
92%RE $59.2M5%C&I $3.6M3%Consumer $1.9MQ2 2011Q2 2012
Deposit mix
84%Interest-bearing $81.7M16%Noninterest $15.9MQ2 2011Q2 2012

NIM

3.53%Q2 ’103.95%Q2 ’113.66%Q2 ’12+32%-8%

Non-interest income vs. expense

2.50%Q2 ’105.11%Q2 ’115.44%Q2 ’12+84%+8%

Executive Summary

  • Earnings: ROA of -1.12%, up 210 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.97%.
  • Funding: loans stand at 79.90% of deposits as of Q2 2012.

Financial Results

Return on Assets (YTD, annualized)

-1.12%+210 bps YoY

Net Interest Margin (YTD, annualized)

2.69%-22 bps YoY

Efficiency Ratio (YTD, annualized)

194.23%+2,782 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets-3.21%-4.17%-3.35%-0.76%-1.12%+210 bps
Return on Equity-76.71%-108.30%-93.00%-31.18%-44.53%+3,218 bps
Net Interest Margin2.91%2.89%2.84%2.35%2.69%-22 bps
Efficiency Ratio166.41%189.61%210%191.51%194.23%+2,782 bps
Non-Interest Burden4.95%5.60%5.65%4.40%5.33%+38 bps
Growth
Asset Growth (YoY)-29.59%-25.55%-16.10%-21.45%-25.41%+418 bps
Loan Growth (YoY)-17.37%-18.16%-22.05%-25.65%-29.48%-1,211 bps
Deposit Growth (YoY)-28.76%-25.82%-15.84%-22.35%-27.00%+176 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.95%8.00%6.48%0.53%0.97%-498 bps
Allowance / Loans10.07%8.99%8.53%8.78%8.91%-116 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 Capital8.19%5.89%5.88%6.03%5.62%-256 bps
Equity / Assets4.23%2.70%2.49%2.41%2.64%-159 bps
Liquidity & Funding
Loans / Deposits82.70%76.84%71.82%67.67%79.90%-280 bps
Liquid Assets / Assets24.98%29.71%34.09%39.02%31.51%+653 bps
CRE / Total Capitaln/an/an/an/an/an/an/a