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Coast Bank of Florida

Bradenton, FL · Cert 35397

FDIC

Q3 2007

$664.4MAssets
$564.9MLoans
$632.4MDeposits
$22.7MEquity
Loan mix
98%RE $520.4M2%C&I $11.3M0%Consumer $0.1MQ3 2006Q3 2007
Deposit mix
97%Interest-bearing $612.2M3%Noninterest $20.2MQ3 2006Q3 2007

NIM

5.66%Q3 ’056.48%Q3 ’065.72%Q3 ’07-6%-64%

Non-interest income vs. expense

3.21%Q3 ’054.25%Q3 ’063.59%Q3 ’07+46%-15%

Executive Summary

  • Earnings: ROA of -7.77%, down 688 bps year over year; NIM at 0.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.98%.
  • Funding: loans stand at 89.32% of deposits as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

-7.77%-688 bps YoY

Net Interest Margin (quarter, annualized)

0.97%-170 bps YoY

Efficiency Ratio (quarter, annualized)

293%+15,238 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets-0.90%-8.49%-1.09%-9.09%-7.77%-688 bps
Return on Equity-11.84%-127.08%-17.69%-159.11%-186.42%-17,459 bps
Net Interest Margin2.67%2.39%1.95%1.14%0.97%-170 bps
Efficiency Ratio141.09%132.95%143.86%237%293%+15,238 bps
Non-Interest Burden3.91%3.29%2.94%3.06%3.33%-57 bps
Growth
Asset Growth (YoY)39.96%30.79%43.36%18.77%-1.71%-4,166 bps
Loan Growth (YoY)44.90%49.31%37.92%20.42%5.56%-3,935 bps
Deposit Growth (YoY)42.34%29.20%46.23%24.28%7.56%-3,479 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.03%0.21%0.61%0.98%+100 bps
Allowance / Loans0.70%4.37%4.52%4.59%6.16%+546 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 Capital11.50%6.08%8.07%7.46%5.56%-593 bps
Equity / Assets7.59%5.83%6.48%4.85%3.41%-417 bps
Liquidity & Funding
Loans / Deposits91.01%94.95%79.92%85.27%89.32%-169 bps
Liquid Assets / Assets0.10%0.06%0.00%1.45%0.06%-4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a