PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Cnlbank, First Coast

Jacksonville, FL · Cert 58045

FDIC

Q1 2009

$224.3MAssets
$180.7MLoans
$181.2MDeposits
$24.3MEquity
Loan mix
81%RE $128.4M19%C&I $30.3M0%Consumer $0.4MQ1 2008Q1 2009
Deposit mix
84%Interest-bearing $153.0M16%Noninterest $28.2MQ1 2008Q1 2009

NIM

7.72%Q1 ’076.38%Q1 ’084.86%Q1 ’09-24%-8%

Non-interest income vs. expense

2.88%Q1 ’072.81%Q1 ’082.06%Q1 ’09-3%-27%

Executive Summary

  • Earnings: ROA of 0.41%, up 16 bps year over year; NIM at 3.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 99.73% of deposits as of Q1 2009.

Financial Results

Return on Assets (YTD, annualized)

0.41%+16 bps YoY

Net Interest Margin (YTD, annualized)

3.08%-27 bps YoY

Efficiency Ratio (YTD, annualized)

65.36%-1,672 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.25%0.13%-0.14%0.00%0.41%+16 bps
Return on Equity2.10%1.09%-1.24%-0.03%3.89%+179 bps
Net Interest Margin3.35%2.98%3.00%2.84%3.08%-27 bps
Efficiency Ratio82.08%82.22%82.42%79.94%65.36%-1,672 bps
Non-Interest Burden2.73%2.44%2.46%2.26%1.99%-75 bps
Growth
Asset Growth (YoY)15.39%14.31%9.13%20.38%16.69%+130 bps
Loan Growth (YoY)18.87%11.33%10.31%18.03%11.23%-763 bps
Deposit Growth (YoY)16.43%14.91%12.79%28.59%26.43%+1,000 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.14%0.10%0.00%0 bps
Allowance / Loans1.23%1.36%1.63%1.63%1.76%+53 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 Capital14.19%14.11%13.35%13.04%13.31%-88 bps
Equity / Assets12.31%11.52%10.89%10.49%10.81%-150 bps
Liquidity & Funding
Loans / Deposits113.36%102.70%105.02%103.19%99.73%-1,363 bps
Liquid Assets / Assets0.18%1.84%0.18%3.74%5.18%+499 bps
CRE / Total Capitaln/an/an/an/an/an/an/a