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Centerstate Bank Mid Florida

Leesburg, FL · Cert 57334

FDIC

Q3 2007

$99.8MAssets
$66.6MLoans
$80.0MDeposits
$16.3MEquity
Deposit mix
88%Interest-bearing $70.5M12%Noninterest $9.5MQ4 2005Q3 2007

Executive Summary

  • Earnings: ROA of 0.11%, down 59 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 83.31% of deposits as of Q3 2007.

Return on Assets (quarter, annualized)

0.11%-59 bps YoY

Net Interest Margin (quarter, annualized)

3.44%-71 bps YoY

Efficiency Ratio (quarter, annualized)

72.91%+1,387 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.19%Q3 ’056.50%Q3 ’066.77%Q3 ’07+20%-17%

Non-interest income vs. expense

3.18%Q3 ’053.27%Q3 ’063.27%Q3 ’07+8%-2%

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets0.14%0.36%0.48%0.70%0.60%0.29%0.19%0.11%-59 bps
Return on Equity1.11%2.37%2.91%4.16%3.59%1.76%1.21%0.69%-347 bps
Net Interest Margin3.77%3.79%1.36%4.14%3.92%3.53%3.33%3.44%-71 bps
Efficiency Ratio82.67%76.31%2.06%59.04%63.38%74.63%74.54%72.91%+1,387 bps
Non-Interest Burden3.20%2.93%0.63%2.95%3.00%3.04%2.88%2.89%-6 bps
Growth
Asset Growth (YoY)42.09%56.42%39.00%31.13%43.44%4.58%10.66%6.85%-2,427 bps
Loan Growth (YoY)56.02%51.22%40.58%37.41%21.70%14.30%21.02%18.75%-1,866 bps
Deposit Growth (YoY)52.01%52.97%28.86%18.52%36.38%0.47%12.64%8.61%-991 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%0.00%0.00%0.25%0.03%0.00%0.00%0.00%-25 bps
Allowance / Loans1.27%1.21%1.24%1.15%1.12%1.07%1.08%1.21%+6 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital16.05%13.64%12.49%12.45%12.71%12.61%12.60%12.54%+9 bps
Equity / Assets13.14%16.65%16.66%17.08%16.40%16.52%15.45%16.29%-79 bps
Liquidity & Funding
Loans / Deposits79.79%68.55%70.73%76.20%71.20%77.98%75.99%83.31%+711 bps
Liquid Assets / Assets3.04%2.26%5.36%5.61%5.41%5.46%4.20%2.42%-319 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a