PackageTrendsPeer
Letter portraitLegal landscape

Cygnet Private Bank

Ponte Vedra Beach, FL · Cert 57653

FDIC

Q4 2008

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: Q4 2008, the quarter ended December 31, 2008, 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

Cygnet Private Bank

Ponte Vedra Beach, FL · Cert 57653

FDIC

Q4 2008

$146.1MAssets
$119.2MLoans
$120.8MDeposits
$16.7MEquity
Loan mix
83%RE $88.6M16%C&I $17.3M1%Consumer $1.0MQ4 2007Q4 2008
Deposit mix
95%Interest-bearing $114.6M5%Noninterest $6.1MQ4 2007Q4 2008

NIM

5.80%Q4 ’062.00%Q4 ’074.65%Q4 ’08-70%+144%

Non-interest income vs. expense

2.99%Q4 ’060.91%Q4 ’076.98%Q4 ’08-69%+685%

Executive Summary

  • Earnings: ROA of -6.22%, down 612 bps year over year; NIM at 1.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.38%.
  • Funding: loans stand at 98.65% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-6.22%-612 bps YoY

Net Interest Margin (YTD, annualized)

1.89%+111 bps YoY

Efficiency Ratio (YTD, annualized)

150.25%+3,532 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 Assets-0.09%-1.33%-1.03%-0.77%-6.22%-612 bps
Return on Equity-0.70%-7.96%-6.11%-4.68%-40.51%-3,981 bps
Net Interest Margin0.77%2.17%1.98%1.98%1.89%+111 bps
Efficiency Ratio114.93%174.97%163.46%146.85%150.25%+3,532 bps
Non-Interest Burden0.90%3.84%3.29%2.94%7.06%+616 bps
Growth
Asset Growth (YoY)-0.04%34.37%41.12%61.56%45.60%+4,564 bps
Loan Growth (YoY)4.40%77.30%64.10%70.34%66.65%+6,225 bps
Deposit Growth (YoY)-14.11%25.51%43.77%81.27%88.95%+10,306 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%0.38%+38 bps
Allowance / Loans1.25%1.44%1.47%1.48%2.37%+112 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 Capital13.40%14.43%13.83%13.10%12.59%-81 bps
Equity / Assets16.85%16.54%17.13%15.28%11.43%-542 bps
Liquidity & Funding
Loans / Deposits111.85%109.24%106.61%99.45%98.65%-1,320 bps
Liquid Assets / Assets0.03%1.76%0.24%1.27%1.02%+99 bps
CRE / Total Capitaln/an/an/an/an/an/an/a