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First Capital Bank

Marianna, FL · Cert 58034

FDIC

Q1 2013

$37.5MAssets
$16.6MLoans
$37.1MDeposits
$286KEquity
Loan mix
95%RE $13.9M1%C&I $0.1M4%Consumer $0.6MQ1 2012Q1 2013
Deposit mix
86%Interest-bearing $31.8M14%Noninterest $5.3MQ1 2012Q1 2013

NIM

4.02%Q1 ’113.62%Q1 ’122.93%Q1 ’13-5%-16%

Non-interest income vs. expense

4.74%Q1 ’114.48%Q1 ’124.12%Q1 ’13+2%+8%

Executive Summary

  • Earnings: ROA of -2.49%, down 297 bps year over year; NIM at 2.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.37%.
  • Funding: loans stand at 44.70% of deposits as of Q1 2013.

Financial Results

Return on Assets (YTD, annualized)

-2.49%-297 bps YoY

Net Interest Margin (YTD, annualized)

2.23%-41 bps YoY

Efficiency Ratio (YTD, annualized)

250%+8,813 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.48%1-0.92%-0.76%-1.58%-2.49%-297 bps
Return on Equity14.77%-30.76%-26.74%-62.18%-234%-24,909 bps
Net Interest Margin2.64%2.57%2.55%2.53%2.23%-41 bps
Efficiency Ratio162.18%182.87%171.94%198.53%250%+8,813 bps
Non-Interest Burden4.36%4.83%4.54%5.09%4.70%+35 bps
Growth
Asset Growth (YoY)-10.88%-10.87%-8.47%-2.48%-6.59%+428 bps
Loan Growth (YoY)-16.95%-13.64%-16.83%-17.39%-24.32%-736 bps
Deposit Growth (YoY)-10.05%-9.48%-6.75%-0.16%-1.99%+806 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.51%0.29%0.23%0.34%2.37%+185 bps
Allowance / Loans3.36%3.54%3.87%3.81%3.65%+28 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 Capital6.21%5.51%5.62%3.86%2.83%-338 bps
Equity / Assets2.96%2.48%2.35%1.35%0.76%-219 bps
Liquidity & Funding
Loans / Deposits57.89%55.81%51.09%48.97%44.70%-1,319 bps
Liquid Assets / Assets12.32%12.07%24.52%17.26%18.52%+620 bps
CRE / Total Capitaln/an/an/an/an/an/an/a