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Integrity Bank

Jupiter, FL · Cert 57604

FDIC

Q2 2009

$105.3MAssets
$70.9MLoans
$98.5MDeposits
$-1153KEquity
Loan mix
99%RE $50.5M1%C&I $0.6M0%Consumer $0.0MQ2 2008Q2 2009
Deposit mix
97%Interest-bearing $95.7M3%Noninterest $2.8MQ2 2008Q2 2009

NIM

7.39%Q2 ’074.94%Q2 ’084.32%Q2 ’09-52%-26%

Non-interest income vs. expense

3.07%Q2 ’072.77%Q2 ’083.02%Q2 ’09-10%+82%

Executive Summary

  • Earnings: ROA of -18.37%, down 1,680 bps year over year; NIM at 1.26%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 29.69%.
  • Funding: loans stand at 72.00% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-18.37%-1,680 bps YoY

Net Interest Margin (YTD, annualized)

1.26%-43 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-1.57%-1.15%-3.84%-13.62%-18.37%-1,680 bps
Return on Equity-14.53%-11.03%-38.72%-218%-450%-43,507 bps
Net Interest Margin1.69%1.71%1.51%1.31%1.26%-43 bps
Efficiency Ratio158.26%145.76%164.06%n/an/an/a
Non-Interest Burden2.71%2.53%2.52%6.01%4.92%+221 bps
Growth
Asset Growth (YoY)14.34%16.09%4.42%-7.20%-24.35%-3,869 bps
Loan Growth (YoY)11.15%1.93%-8.58%-11.91%-27.86%-3,901 bps
Deposit Growth (YoY)9.34%13.21%2.47%5.60%-13.52%-2,287 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.66%1.05%2.89%19.75%29.69%+2,903 bps
Allowance / Loans3.09%2.78%2.97%1.74%1.73%-136 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 Capital11.95%11.83%10.30%6.62%-1.79%-1,374 bps
Equity / Assets9.51%9.46%7.80%4.61%-1.09%-1,061 bps
Liquidity & Funding
Loans / Deposits86.30%82.63%82.99%77.24%72.00%-1,430 bps
Liquid Assets / Assets1.88%1.92%2.16%2.18%4.16%+228 bps
CRE / Total Capitaln/an/an/an/an/an/an/a