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Bank of Tallahassee, The

Tallahassee, FL · Cert 57211

FDIC

Q4 2008

$86.8MAssets
$76.7MLoans
$72.6MDeposits
$9.6MEquity
Loan mix
82%RE $57.0M17%C&I $12.0M0%Consumer $0.2MQ4 2007Q4 2008
Deposit mix
92%Interest-bearing $66.8M8%Noninterest $5.9MQ4 2007Q4 2008

NIM

6.80%Q4 ’064.55%Q4 ’076.01%Q4 ’08-26%+34%

Non-interest income vs. expense

3.04%Q4 ’062.39%Q4 ’0713.13%Q4 ’08-19%+484%

Executive Summary

  • Earnings: ROA of -11.45%, down 1,163 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.40%.
  • Funding: loans stand at 105.60% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-11.45%-1,163 bps YoY

Net Interest Margin (YTD, annualized)

3.38%+85 bps YoY

Efficiency Ratio (YTD, annualized)

88.08%+799 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets0.18%0.21%0.17%0.06%-11.45%-1,163 bps
Return on Equity1.01%0.95%0.79%0.29%-58.72%-5,973 bps
Net Interest Margin2.52%3.36%3.28%3.37%3.38%+85 bps
Efficiency Ratio80.08%82.35%82.77%82.13%88.08%+799 bps
Non-Interest Burden2.19%3.01%2.95%3.00%12.79%+1,060 bps
Growth
Asset Growth (YoY)11.10%19.24%7.70%6.76%-3.07%-1,417 bps
Loan Growth (YoY)9.36%9.22%14.44%15.23%13.22%+387 bps
Deposit Growth (YoY)-3.00%5.19%9.63%5.70%6.69%+969 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%0.40%+40 bps
Allowance / Loans1.15%1.16%1.16%1.33%4.01%+286 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 Capital14.59%14.39%14.71%14.63%12.31%-228 bps
Equity / Assets22.06%21.22%21.65%21.05%11.06%-1,100 bps
Liquidity & Funding
Loans / Deposits99.51%95.99%103.24%105.74%105.60%+609 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a