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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

7.71%Q3 ’076.12%Q3 ’083.98%Q3 ’09-28%-68%

Non-interest income vs. expense

3.36%Q3 ’074.06%Q3 ’086.54%Q3 ’09+20%+63%

Executive Summary

  • Earnings: ROA of -18.09%, down 1,378 bps year over year; NIM at 0.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 29.48%.
  • Funding: loans stand at 86.91% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

-18.09%-1,378 bps YoY

Net Interest Margin (quarter, annualized)

0.75%-159 bps YoY

Efficiency Ratio (quarter, annualized)

834%+66,589 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-4.31%-12.10%-3.66%-39.65%-18.09%-1,378 bps
Return on Equity-34.93%-104.39%-31.55%-591%6999%+703,363 bps
Net Interest Margin2.34%1.42%1.42%0.52%0.75%-159 bps
Efficiency Ratio168.37%267%271%852%834%+66,589 bps
Non-Interest Burden3.99%3.86%4.03%4.24%6.50%+251 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 / Loans2.61%0.00%0.33%28.39%29.48%+2,687 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