PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Prime Bank

Melbourne, FL · Cert 57832

FDIC

Q1 2010

$77.8MAssets
$52.1MLoans
$67.0MDeposits
$9.9MEquity
Deposit mix
83%Interest-bearing $55.4M17%Noninterest $11.6MQ2 2008Q1 2010

Executive Summary

  • Earnings: ROA of 0.47%, up 56 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 77.78% of deposits as of Q1 2010.

Return on Assets (YTD, annualized)

0.47%+56 bps YoY

Net Interest Margin (YTD, annualized)

3.15%+31 bps YoY

Efficiency Ratio (YTD, annualized)

79.64%-1,437 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.91%Q1 ’084.54%Q1 ’094.29%Q1 ’10-19%+11%

Non-interest income vs. expense

3.61%Q1 ’082.88%Q1 ’092.89%Q1 ’10-21%-9%

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.07%0.01%-0.23%-0.09%-0.04%0.04%10.01%10.47%+56 bps
Return on Equity0.45%0.05%-1.45%-0.57%-0.24%0.28%0.07%3.56%+413 bps
Net Interest Margin3.35%3.49%3.13%2.84%2.76%2.70%2.84%3.15%+31 bps
Efficiency Ratio96.90%95.20%95.98%94.01%98.02%94.59%90.62%79.64%-1,437 bps
Non-Interest Burden3.24%3.34%3.03%2.69%2.73%2.57%2.59%2.45%-24 bps
Growth
Asset Growth (YoY)23.31%18.92%27.49%23.04%35.60%30.25%17.33%19.30%-373 bps
Loan Growth (YoY)39.56%31.92%26.25%32.19%37.42%29.24%20.95%5.52%-2,667 bps
Deposit Growth (YoY)19.29%9.42%22.87%24.65%40.54%33.72%20.54%22.34%-231 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.25%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.02%1.04%1.20%1.20%1.17%1.16%1.40%1.48%+27 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital12.97%13.20%13.58%12.65%11.80%11.44%11.91%12.34%-31 bps
Equity / Assets16.48%16.22%15.93%15.08%13.49%13.01%13.56%12.79%-230 bps
Liquidity & Funding
Loans / Deposits87.39%93.33%87.96%90.18%85.44%90.20%88.26%77.78%-1,240 bps
Liquid Assets / Assets0.01%0.02%3.25%3.23%1.41%2.67%5.99%12.60%+937 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a