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Haven Trust Bank

Saint Augustine, FL · Cert 58308

FDIC

Q2 2010

$148.6MAssets
$116.4MLoans
$133.6MDeposits
$3.3MEquity
Deposit mix
96%Interest-bearing $128.5M4%Noninterest $5.0MQ2 2009Q2 2010

NIM

6.02%Q2 ’085.13%Q2 ’094.65%Q2 ’10-22%+5%

Non-interest income vs. expense

3.83%Q2 ’082.48%Q2 ’093.85%Q2 ’10-33%+58%

Executive Summary

  • Earnings: ROA of -4.04%, up 437 bps year over year; NIM at 2.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.09%.
  • Funding: loans stand at 87.12% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

-4.04%+437 bps YoY

Net Interest Margin (YTD, annualized)

2.32%+11 bps YoY

Efficiency Ratio (YTD, annualized)

164.29%+5,464 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-8.41%-7.82%-6.58%-4.77%-4.04%+437 bps
Return on Equity-105.01%-109.68%-101.29%-144.14%-135.55%-3,053 bps
Net Interest Margin2.21%2.03%2.13%2.01%2.32%+11 bps
Efficiency Ratio109.65%124.95%146.92%131.82%164.29%+5,464 bps
Non-Interest Burden2.43%2.55%3.16%2.93%3.83%+140 bps
Growth
Asset Growth (YoY)34.51%9.86%-0.37%-2.17%-17.02%-5,153 bps
Loan Growth (YoY)26.68%8.48%-5.64%-13.58%-18.24%-4,492 bps
Deposit Growth (YoY)47.67%21.71%1.64%4.90%-15.03%-6,270 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.15%2.20%4.57%7.90%7.09%+394 bps
Allowance / Loans5.59%7.43%5.25%4.86%3.98%-161 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 Capital7.83%6.30%5.69%4.54%3.75%-408 bps
Equity / Assets5.76%4.48%3.88%2.74%2.25%-351 bps
Liquidity & Funding
Loans / Deposits90.54%91.44%87.63%81.81%87.12%-342 bps
Liquid Assets / Assets8.29%8.41%8.10%7.40%7.39%-90 bps
CRE / Total Capitaln/an/an/an/an/an/an/a