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Community National Bank of the South

Lake Mary, FL · Cert 58194

FDIC · 13 branches

Q1 2018

$909.5MAssets
$597.3MLoans
$655.7MDeposits
$93.8MEquity
Loan mix
97%RE $405.2M2%C&I $8.8M0%Consumer $2.0MQ2 2016Q1 2018
Deposit mix
87%Interest-bearing $567.3M13%Noninterest $88.4MQ2 2016Q1 2018

Market Position · Tampa-St. Petersburg-Clearwater, FL · 2017 SOD (annual) · 0.7% share · #19 of 63 inst. · $0.6B of $81.9B

0.8% Pinellas
0.6% Hillsborough
0.8% Seminole
0.4% Sarasota

Executive Summary

  • Earnings: ROA of 0.91%, up 8 bps year over year; NIM at 2.70%.
  • Asset quality: problem loans at 0.29% of loans (-11 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 10.56%, up 148 bps from a year ago.
  • Funding: loans stand at 91.10% of deposits as of Q1 2018.

Return on Assets (quarter, annualized)

0.91%+8 bps YoY

Net Interest Margin (quarter, annualized)

2.70%+11 bps YoY

Efficiency Ratio (quarter, annualized)

57.81%+222 bps YoY

Tier 1 Leverage Ratio

10.56%+148 bps YoY

NIM

3.30%Q1 ’163.39%Q1 ’173.55%Q1 ’18+6%+4%

Non-interest income vs. expense

1.80%Q1 ’161.69%Q1 ’171.69%Q1 ’18+1%+18%

Discrete quarter, annualized.

MetricQ2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets0.69%0.70%0.65%0.84%0.91%0.89%0.38%0.91%+8 bps
Return on Equity8.55%8.57%7.71%9.63%10.03%9.43%3.82%8.96%-66 bps
Net Interest Margin2.49%2.58%2.57%2.59%2.67%2.71%2.62%2.70%+11 bps
Efficiency Ratio62.06%62.90%69.43%55.59%55.24%53.91%63.54%57.81%+222 bps
Non-Interest Burden1.38%1.47%1.56%1.26%1.26%1.32%1.55%1.49%+22 bps
Growth
Asset Growth (YoY)6.92%2.27%0.83%-1.33%-5.11%-6.26%-8.99%-9.03%-770 bps
Loan Growth (YoY)12.02%3.81%-0.09%-1.97%-9.07%-11.20%-11.33%-12.28%-1,032 bps
Deposit Growth (YoY)8.74%0.73%-1.03%-2.22%-6.15%-9.05%-9.29%-13.67%-1,145 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.41%0.43%0.40%0.60%0.29%-11 bps
Net Charge-Offs / Loans0.00%0.04%0.07%0.00%0.00%0.07%0.01%-0.01%-1 bps
Allowance / Loans0.54%0.55%0.56%0.57%0.59%0.59%0.63%0.64%+8 bps
Allowance Coverage of NPLsn/an/an/a1.4x1.4x1.5x1.0x2.2x+0.8x
Capital
Tier 1 Leverage Ratio8.40%8.67%8.85%9.09%9.32%9.76%10.09%10.56%+148 bps
Total Risk-Based Capital14.44%14.42%14.96%15.14%15.87%16.44%17.08%17.51%+237 bps
Equity / Assets8.12%8.18%8.63%8.76%9.38%9.60%10.07%10.31%+156 bps
Liquidity & Funding
Loans / Deposits93.25%93.09%90.95%89.66%90.35%90.89%88.90%91.10%+144 bps
Liquid Assets / Assets3.70%5.57%7.88%7.71%6.15%6.89%6.55%8.61%+90 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a