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United Heritage Bank

Orlando, FL · Cert 57108

FDIC

Q1 2007

$791.3MAssets
$457.4MLoans
$702.2MDeposits
$66.0MEquity
Loan mix
80%RE $315.6M19%C&I $74.5M1%Consumer $2.9MQ1 2006Q1 2007
Deposit mix
96%Interest-bearing $671.3M4%Noninterest $30.9MQ1 2006Q1 2007

NIM

4.76%Q1 ’056.08%Q1 ’066.66%Q1 ’07+21%-8%

Non-interest income vs. expense

2.05%Q1 ’051.85%Q1 ’061.91%Q1 ’07-10%0%

Executive Summary

  • Earnings: ROA of 1.01%, up 3 bps year over year; NIM at 3.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 65.14% of deposits as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

1.01%+3 bps YoY

Net Interest Margin (quarter, annualized)

3.22%-29 bps YoY

Efficiency Ratio (quarter, annualized)

55.78%+506 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets0.98%1.11%1.11%0.91%1.01%+3 bps
Return on Equity12.57%14.30%13.79%10.80%11.95%-62 bps
Net Interest Margin3.51%3.53%3.57%3.38%3.22%-29 bps
Efficiency Ratio50.72%49.37%48.72%55.78%55.78%+506 bps
Non-Interest Burden1.71%1.67%1.66%1.81%1.71%0 bps
Growth
Asset Growth (YoY)47.62%26.68%16.32%5.94%8.55%-3,907 bps
Loan Growth (YoY)50.70%34.01%24.41%21.82%18.02%-3,268 bps
Deposit Growth (YoY)45.25%20.10%10.63%6.97%10.86%-3,439 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%0.03%+2 bps
Allowance / Loans1.26%1.25%1.25%1.25%1.21%-5 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 Capital13.31%13.23%13.24%12.91%13.00%-30 bps
Equity / Assets7.73%7.78%8.39%8.51%8.34%+61 bps
Liquidity & Funding
Loans / Deposits61.19%62.99%65.76%67.29%65.14%+395 bps
Liquid Assets / Assets3.09%4.18%5.84%6.83%7.54%+446 bps
CRE / Total Capitaln/an/an/an/an/an/an/a