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Southshore Community Bank

Apollo Beach, FL · Cert 58056

FDIC

Q2 2011

$41.3MAssets
$31.7MLoans
$41.4MDeposits
$-324KEquity
Loan mix
94%RE $23.9M5%C&I $1.3M1%Consumer $0.3MQ2 2010Q2 2011
Deposit mix
94%Interest-bearing $38.8M6%Noninterest $2.6MQ2 2010Q2 2011

NIM

4.61%Q2 ’094.63%Q2 ’104.08%Q2 ’11+25%-9%

Non-interest income vs. expense

3.65%Q2 ’094.01%Q2 ’105.13%Q2 ’11+4%+39%

Executive Summary

  • Earnings: ROA of -9.33%, down 745 bps year over year; NIM at 2.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 76.60% of deposits as of Q2 2011.

Financial Results

Return on Assets (YTD, annualized)

-9.33%-745 bps YoY

Net Interest Margin (YTD, annualized)

2.82%-27 bps YoY

Efficiency Ratio (YTD, annualized)

178.00%+6,135 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-1.88%-2.33%-1.94%-7.37%-9.33%-745 bps
Return on Equity-34.74%-45.77%-40.59%-273%-566%-53,114 bps
Net Interest Margin3.08%3.20%3.17%2.43%2.82%-27 bps
Efficiency Ratio116.65%97.16%102.44%164.44%178.00%+6,135 bps
Non-Interest Burden3.66%3.07%3.27%4.22%5.07%+141 bps
Growth
Asset Growth (YoY)-9.27%-5.25%0.64%-8.60%-13.38%-411 bps
Loan Growth (YoY)-3.19%-10.26%-14.09%-18.04%-13.96%-1,077 bps
Deposit Growth (YoY)-3.58%1.80%3.28%-5.11%-8.33%-475 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.04%6.56%5.07%0.00%0.00%-204 bps
Allowance / Loans3.76%2.05%2.13%4.36%7.39%+363 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 Capital7.19%6.31%6.08%3.89%-0.95%-813 bps
Equity / Assets4.77%4.10%3.51%1.85%-0.79%-555 bps
Liquidity & Funding
Loans / Deposits81.61%76.80%68.91%69.12%76.60%-501 bps
Liquid Assets / Assets7.70%5.93%13.34%15.16%8.50%+81 bps
CRE / Total Capitaln/an/an/an/an/an/an/a