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Reliance Bank, FSB

Fort Myers, FL · Cert 58129

FDIC

Q4 2012

$59.3MAssets
$23.3MLoans
$52.5MDeposits
$4.4MEquity
Loan mix
87%RE $14.8M12%C&I $2.1M0%Consumer $0.0MQ4 2011Q4 2012
Deposit mix
96%Interest-bearing $50.6M4%Noninterest $1.9MQ4 2011Q4 2012

NIM

4.34%Q4 ’113.16%Q4 ’12-28%

Non-interest income vs. expense

3.34%Q4 ’112.87%Q4 ’12-32%

Executive Summary

  • Earnings: ROA of 1.96%, up 558 bps year over year; NIM at 2.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 4.05%.
  • Funding: loans stand at 44.36% of deposits as of Q4 2012.

Financial Results

Return on Assets (YTD, annualized)

1.96%+558 bps YoY

Net Interest Margin (YTD, annualized)

2.29%-89 bps YoY

Efficiency Ratio (YTD, annualized)

122.49%-1,705 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets-3.62%2.62%10.85%10.38%11.96%+558 bps
Return on Equityn/a50.63%16.12%6.95%33.87%n/a
Net Interest Margin3.18%2.36%2.28%2.29%2.29%-89 bps
Efficiency Ratio139.54%111.74%126.13%126.27%122.49%-1,705 bps
Non-Interest Burden4.13%2.64%2.84%2.89%2.82%-131 bps
Growth
Asset Growth (YoY)-19.35%-22.19%-21.54%-22.46%-13.94%+541 bps
Loan Growth (YoY)-30.47%-24.37%-32.88%-28.35%-26.20%+427 bps
Deposit Growth (YoY)-17.70%-20.62%-19.57%-21.74%-16.63%+107 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.65%0.45%-0.38%-1.83%-4.05%-870 bps
Allowance / Loans10.68%11.08%13.62%15.63%14.10%+341 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 Capital9.52%11.04%12.10%12.32%16.32%+680 bps
Equity / Assets4.97%5.37%5.55%5.78%7.47%+250 bps
Liquidity & Funding
Loans / Deposits50.11%50.24%44.96%45.02%44.36%-575 bps
Liquid Assets / Assets0.19%9.63%3.28%3.72%3.80%+361 bps
CRE / Total Capitaln/an/an/an/an/an/an/a