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Premier American Bank

Miami, FL · Cert 57147

FDIC

Q4 2009

$299.2MAssets
$280.5MLoans
$285.6MDeposits
$24KEquity
Loan mix
86%RE $191.6M14%C&I $31.7M0%Consumer $0.7MQ4 2008Q4 2009
Deposit mix
91%Interest-bearing $260.3M9%Noninterest $25.2MQ4 2008Q4 2009

NIM

8.03%Q4 ’074.87%Q4 ’083.66%Q4 ’09-53%-10%

Non-interest income vs. expense

2.87%Q4 ’072.92%Q4 ’083.98%Q4 ’09+8%+45%

Executive Summary

  • Earnings: ROA of -6.91%, down 196 bps year over year; NIM at 1.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 8.14%.
  • Funding: loans stand at 98.24% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

-6.91%-196 bps YoY

Net Interest Margin (quarter, annualized)

1.80%-19 bps YoY

Efficiency Ratio (quarter, annualized)

194.03%+6,895 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-4.95%-3.08%-3.68%-9.58%-6.91%-196 bps
Return on Equity-67.40%-50.35%-77.84%-324%-797%-72,919 bps
Net Interest Margin1.99%1.61%1.10%1.35%1.80%-19 bps
Efficiency Ratio125.08%150.45%191.06%353%194.03%+6,895 bps
Non-Interest Burden2.57%2.59%2.32%5.38%3.73%+116 bps
Growth
Asset Growth (YoY)-8.52%-6.20%-1.07%-9.25%-20.31%-1,178 bps
Loan Growth (YoY)-6.59%-7.05%-8.99%-9.40%-14.01%-742 bps
Deposit Growth (YoY)-6.54%-0.57%3.23%0.26%-10.26%-372 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans8.15%0.07%-0.08%6.61%8.14%-1 bps
Allowance / Loans2.97%4.30%5.13%5.43%5.28%+231 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 Capital12.82%10.97%9.45%3.92%0.00%-1,282 bps
Equity / Assets6.86%5.39%4.12%1.60%0.01%-685 bps
Liquidity & Funding
Loans / Deposits102.52%98.10%87.86%93.09%98.24%-428 bps
Liquid Assets / Assets6.09%13.01%21.34%5.65%0.49%-560 bps
CRE / Total Capitaln/an/an/an/an/an/an/a