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Cortez Community Bank

Brooksville, FL · Cert 57625

FDIC

Q1 2011

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2011, the quarter ended March 31, 2011, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Cortez Community Bank

Brooksville, FL · Cert 57625

FDIC

Q1 2011

$66.3MAssets
$43.4MLoans
$65.4MDeposits
$-6373KEquity
Loan mix
96%RE $33.9M3%C&I $1.0M2%Consumer $0.5MQ1 2010Q1 2011
Deposit mix
88%Interest-bearing $57.6M12%Noninterest $7.9MQ1 2010Q1 2011

NIM

4.02%Q1 ’093.18%Q1 ’102.81%Q1 ’11-28%-26%

Non-interest income vs. expense

2.95%Q1 ’094.88%Q1 ’105.76%Q1 ’11+67%+11%

Executive Summary

  • Earnings: ROA of -2.85%, up 10 bps year over year; NIM at 1.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 66.38% of deposits as of Q1 2011.

Financial Results

Return on Assets (YTD, annualized)

-2.85%+10 bps YoY

Net Interest Margin (YTD, annualized)

1.22%-43 bps YoY

Efficiency Ratio (YTD, annualized)

319%+6,055 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets-2.95%-6.69%-7.42%-22.43%-2.85%+10 bps
Return on Equity-21.48%-52.09%-62.07%-263%30.47%+5,195 bps
Net Interest Margin1.66%1.71%1.66%1.62%1.22%-43 bps
Efficiency Ratio258%225%226%355%319%+6,055 bps
Non-Interest Burden4.64%4.11%4.02%6.29%5.18%+53 bps
Growth
Asset Growth (YoY)3.74%-6.65%-7.86%-22.57%-19.89%-2,363 bps
Loan Growth (YoY)-3.81%-9.92%-14.40%-22.38%-27.54%-2,372 bps
Deposit Growth (YoY)17.60%3.35%9.54%5.22%6.67%-1,093 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.70%7.02%8.66%18.23%0.00%-270 bps
Allowance / Loans1.57%1.82%1.77%13.38%14.56%+1,299 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 Capital18.33%15.39%13.29%-13.35%-14.89%-3,321 bps
Equity / Assets13.24%11.05%9.20%-9.06%-9.61%-2,286 bps
Liquidity & Funding
Loans / Deposits97.72%94.53%84.75%76.95%66.38%-3,134 bps
Liquid Assets / Assets10.88%12.03%12.78%14.31%26.63%+1,576 bps
CRE / Total Capitaln/an/an/an/an/an/an/a