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Community Bank of Cape Coral

Cape Coral, FL · Cert 57796

FDIC

Q1 2009

$98.8MAssets
$78.5MLoans
$84.0MDeposits
$6.6MEquity
Deposit mix
89%Interest-bearing $75.0M11%Noninterest $9.0MQ1 2008Q1 2009

NIM

7.07%Q1 ’076.03%Q1 ’085.09%Q1 ’09-15%-27%

Non-interest income vs. expense

3.26%Q1 ’073.46%Q1 ’082.72%Q1 ’09+5%-22%

Executive Summary

  • Earnings: ROA of -0.30%, up 248 bps year over year; NIM at 2.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.29%.
  • Funding: loans stand at 93.47% of deposits as of Q1 2009.

Financial Results

Return on Assets (quarter, annualized)

-0.30%+248 bps YoY

Net Interest Margin (quarter, annualized)

2.08%-76 bps YoY

Efficiency Ratio (quarter, annualized)

121.71%+639 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets-2.78%0.02%-2.27%-3.68%-0.30%+248 bps
Return on Equity-29.38%0.25%-26.32%-49.79%-4.59%+2,479 bps
Net Interest Margin2.83%2.85%2.47%2.13%2.08%-76 bps
Efficiency Ratio115.31%113.86%123.64%194.60%121.71%+639 bps
Non-Interest Burden3.29%3.25%3.10%3.82%2.56%-73 bps
Growth
Asset Growth (YoY)-13.09%-13.73%-8.59%11.75%15.52%+2,861 bps
Loan Growth (YoY)4.44%9.43%13.87%21.55%14.53%+1,008 bps
Deposit Growth (YoY)-14.13%-22.45%-8.61%6.97%14.15%+2,829 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.14%-0.73%4.00%4.49%1.29%-385 bps
Allowance / Loans1.24%1.25%1.13%1.08%0.82%-42 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 Capital11.41%11.24%10.17%8.54%7.12%-430 bps
Equity / Assets9.40%9.00%8.28%6.58%6.67%-273 bps
Liquidity & Funding
Loans / Deposits93.16%100.39%94.38%100.85%93.47%+31 bps
Liquid Assets / Assets10.13%9.61%9.22%7.72%7.16%-297 bps
CRE / Total Capitaln/an/an/an/an/an/an/a