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Hillcrest Bank Florida

Naples, FL · Cert 58336

FDIC

Q3 2009

$82.8MAssets
$72.4MLoans
$83.3MDeposits
$-2225KEquity
Deposit mix
95%Interest-bearing $78.9M5%Noninterest $4.3MQ3 2008Q3 2009

NIM

7.00%Q3 ’076.09%Q3 ’084.39%Q3 ’09-17%-59%

Non-interest income vs. expense

3.32%Q3 ’074.06%Q3 ’085.31%Q3 ’09+22%+31%

Executive Summary

  • Earnings: ROA of -20.51%, down 1,817 bps year over year; NIM at 0.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 20.39%.
  • Funding: loans stand at 86.91% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

-20.51%-1,817 bps YoY

Net Interest Margin (YTD, annualized)

0.98%-143 bps YoY

Efficiency Ratio (YTD, annualized)

520%+35,480 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-2.34%-4.85%-3.66%-21.40%-20.51%-1,817 bps
Return on Equity-17.87%-37.63%-31.55%-251%-335%-31,673 bps
Net Interest Margin2.41%2.17%1.42%0.97%0.98%-143 bps
Efficiency Ratio165.42%182.23%271%412%520%+35,480 bps
Non-Interest Burden4.01%3.99%4.03%4.14%5.27%+125 bps
Growth
Asset Growth (YoY)8.82%-2.25%-6.98%-11.12%-30.34%-3,916 bps
Loan Growth (YoY)46.34%7.39%-3.05%-12.41%-24.40%-7,074 bps
Deposit Growth (YoY)13.64%-0.94%-5.54%2.59%-18.27%-3,191 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.87%0.72%0.33%14.37%20.39%+1,952 bps
Allowance / Loans2.20%7.89%8.89%7.55%4.68%+249 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 Capital11.84%10.22%8.70%3.27%-3.24%-1,508 bps
Equity / Assets11.23%12.00%11.17%1.85%-2.69%-1,392 bps
Liquidity & Funding
Loans / Deposits93.96%99.55%98.02%86.98%86.91%-704 bps
Liquid Assets / Assets0.01%0.02%0.98%0.02%0.02%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a