PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Central Florida State Bank

Belleview, FL · Cert 57186

FDIC

Q4 2011

$71.5MAssets
$48.5MLoans
$71.1MDeposits
$330KEquity
Loan mix
89%RE $34.3M10%C&I $3.7M2%Consumer $0.7MQ4 2010Q4 2011
Deposit mix
96%Interest-bearing $68.4M4%Noninterest $2.7MQ4 2010Q4 2011

NIM

5.26%Q4 ’094.40%Q4 ’103.88%Q4 ’11+1%-7%

Non-interest income vs. expense

3.12%Q4 ’093.69%Q4 ’103.92%Q4 ’110%+76%

Executive Summary

  • Earnings: ROA of -6.96%, down 173 bps year over year; NIM at 2.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 8.61%.
  • Funding: loans stand at 68.16% of deposits as of Q4 2011.

Financial Results

Return on Assets (YTD, annualized)

-6.96%-173 bps YoY

Net Interest Margin (YTD, annualized)

2.74%-19 bps YoY

Efficiency Ratio (YTD, annualized)

770%+65,165 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets-5.23%-3.43%-4.36%-7.71%-6.96%-173 bps
Return on Equity-58.11%-51.93%-72.47%-156.47%-168.34%-11,022 bps
Net Interest Margin2.93%2.80%2.65%2.56%2.74%-19 bps
Efficiency Ratio117.94%154.99%213%n/a770%+65,165 bps
Non-Interest Burden3.49%4.41%5.73%6.45%6.15%+266 bps
Growth
Asset Growth (YoY)-15.57%-10.40%-11.35%-9.11%-13.75%+182 bps
Loan Growth (YoY)-18.51%-18.79%-17.95%-17.69%-17.97%+54 bps
Deposit Growth (YoY)-11.61%-7.72%-7.40%-2.09%-7.53%+409 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans7.21%15.27%8.65%8.39%8.61%+140 bps
Allowance / Loans6.02%3.28%3.36%5.49%4.92%-109 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 Capital10.36%9.22%7.78%3.19%1.05%-931 bps
Equity / Assets7.11%6.09%4.86%1.46%0.46%-665 bps
Liquidity & Funding
Loans / Deposits76.84%69.69%66.13%64.70%68.16%-868 bps
Liquid Assets / Assets6.22%6.06%7.94%2.36%1.64%-458 bps
CRE / Total Capitaln/an/an/an/an/an/an/a