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Premier Community Bank of Southwest Florida

Fort Myers, FL · Cert 57075

FDIC

Q2 2004

$58.3MAssets
$38.0MLoans
$50.1MDeposits
$5.1MEquity
Loan mix
64%RE $9.6M36%C&I $5.3M0%Consumer $0.0MQ2 2003Q2 2004
Deposit mix
74%Interest-bearing $36.9M26%Noninterest $13.2MQ2 2003Q2 2004

NIM

5.58%Q2 ’025.33%Q2 ’035.03%Q2 ’04+12%+6%

Non-interest income vs. expense

3.92%Q2 ’024.22%Q2 ’033.29%Q2 ’04+4%-27%

Executive Summary

  • Earnings: ROA of -0.58%, down 78 bps year over year; NIM at 3.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.09%.
  • Funding: loans stand at 75.81% of deposits as of Q2 2004.

Financial Results

Return on Assets (YTD, annualized)

-0.58%-78 bps YoY

Net Interest Margin (YTD, annualized)

3.93%+23 bps YoY

Efficiency Ratio (YTD, annualized)

72.78%-2,713 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.20%10.28%10.39%-0.95%-0.58%-78 bps
Return on Equity1.96%2.82%3.98%-10.97%-6.64%-860 bps
Net Interest Margin3.70%3.74%3.86%4.05%3.93%+23 bps
Efficiency Ratio99.91%87.88%83.25%83.26%72.78%-2,713 bps
Non-Interest Burden3.70%3.20%3.10%3.28%2.70%-99 bps
Growth
Asset Growth (YoY)56.37%46.35%29.53%24.12%6.71%-4,966 bps
Loan Growth (YoY)79.10%56.56%32.74%20.14%-6.54%-8,565 bps
Deposit Growth (YoY)64.35%58.49%36.33%29.24%15.34%-4,900 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%3.09%+309 bps
Allowance / Loans1.04%1.07%1.14%1.85%0.74%-30 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 Capital12.00%11.31%11.02%10.70%11.24%-76 bps
Equity / Assets9.52%9.14%8.90%8.36%8.80%-72 bps
Liquidity & Funding
Loans / Deposits93.56%91.50%98.71%91.06%75.81%-1,776 bps
Liquid Assets / Assets0.11%0.10%0.11%0.11%0.11%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a