PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of Venice, The

Venice, FL · Cert 57386

FDIC

Q2 2009

$91.3MAssets
$64.8MLoans
$71.9MDeposits
$12.8MEquity
Loan mix
94%RE $57.4M6%C&I $3.4M0%Consumer $0.3MQ2 2008Q2 2009
Deposit mix
89%Interest-bearing $64.2M11%Noninterest $7.7MQ2 2008Q2 2009

NIM

1.92%Q2 ’075.14%Q2 ’084.32%Q2 ’09+172%-25%

Non-interest income vs. expense

1.02%Q2 ’073.81%Q2 ’083.96%Q2 ’09+294%0%

Executive Summary

  • Earnings: ROA of -1.98%, down 124 bps year over year; NIM at 2.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.47%.
  • Funding: loans stand at 90.09% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-1.98%-124 bps YoY

Net Interest Margin (YTD, annualized)

2.04%-68 bps YoY

Efficiency Ratio (YTD, annualized)

159.47%+3,577 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-0.74%-0.80%-1.90%-1.71%-1.98%-124 bps
Return on Equity-4.05%-4.49%-11.12%-12.59%-14.47%-1,041 bps
Net Interest Margin2.72%2.81%2.65%2.17%2.04%-68 bps
Efficiency Ratio123.71%121.03%124.63%141.91%159.47%+3,577 bps
Non-Interest Burden3.68%3.71%3.60%3.43%3.66%-1 bps
Growth
Asset Growth (YoY)13.28%12.97%24.66%23.22%6.22%-706 bps
Loan Growth (YoY)15.24%14.53%15.68%7.99%4.21%-1,103 bps
Deposit Growth (YoY)3.05%3.53%23.66%28.90%27.15%+2,410 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.35%0.34%0.68%0.53%2.47%+211 bps
Allowance / Loans1.04%1.13%2.78%3.18%2.76%+172 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 Capital13.45%14.60%12.42%11.64%11.72%-173 bps
Equity / Assets16.77%16.71%14.35%12.87%13.97%-281 bps
Liquidity & Funding
Loans / Deposits109.92%116.81%105.89%92.98%90.09%-1,984 bps
Liquid Assets / Assets0.01%0.01%0.01%0.01%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a