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Gulfsouth Private Bank

Destin, FL · Cert 58073

FDIC

Q3 2012

$139.4MAssets
$104.1MLoans
$131.6MDeposits
$2.4MEquity
Loan mix
91%RE $82.5M5%C&I $4.2M4%Consumer $3.9MQ3 2011Q3 2012
Deposit mix
91%Interest-bearing $119.3M9%Noninterest $12.3MQ3 2011Q3 2012

NIM

4.33%Q3 ’103.96%Q3 ’113.36%Q3 ’12+4%-9%

Non-interest income vs. expense

2.55%Q3 ’102.57%Q3 ’113.48%Q3 ’12-11%+50%

Executive Summary

  • Earnings: ROA of -0.44%, down 28 bps year over year; NIM at 2.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.10%.
  • Funding: loans stand at 79.11% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

-0.44%-28 bps YoY

Net Interest Margin (quarter, annualized)

2.45%-24 bps YoY

Efficiency Ratio (quarter, annualized)

134.72%+4,979 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets-0.17%-18.40%-1.11%-10.95%-0.44%-28 bps
Return on Equity-1.92%-273%-25.21%-363%-26.49%-2,457 bps
Net Interest Margin2.69%2.71%2.34%2.27%2.45%-24 bps
Efficiency Ratio84.92%310%120.93%145.63%134.72%+4,979 bps
Non-Interest Burden2.23%4.54%2.88%3.36%3.34%+111 bps
Growth
Asset Growth (YoY)-8.30%-11.27%-12.15%-15.02%-23.12%-1,483 bps
Loan Growth (YoY)-13.38%-12.60%-16.91%-15.78%-21.84%-846 bps
Deposit Growth (YoY)-7.76%-7.82%-8.67%-8.91%-17.77%-1,001 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.48%4.45%8.63%-0.80%5.10%+462 bps
Allowance / Loans3.78%5.15%3.76%7.74%7.49%+371 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 Capital10.75%7.52%7.31%3.93%3.84%-691 bps
Equity / Assets8.83%4.55%4.29%1.63%1.74%-709 bps
Liquidity & Funding
Loans / Deposits83.24%83.08%74.95%77.99%79.11%-413 bps
Liquid Assets / Assets13.91%12.69%17.06%15.68%9.57%-434 bps
CRE / Total Capitaln/an/an/an/an/an/an/a