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Letter portraitLegal landscapeQuarterYTD

Premier Community Bank of the Emerald Coast

Crestview, FL · Cert 58343

FDIC

Q3 2011

$126.0MAssets
$83.9MLoans
$112.0MDeposits
$-1079KEquity
Loan mix
87%RE $49.7M12%C&I $6.7M1%Consumer $0.6MQ3 2010Q3 2011
Deposit mix
94%Interest-bearing $105.5M6%Noninterest $6.6MQ3 2010Q3 2011

NIM

5.02%Q3 ’094.45%Q3 ’104.24%Q3 ’11-5%+15%

Non-interest income vs. expense

2.27%Q3 ’092.33%Q3 ’104.14%Q3 ’11-1%+81%

Executive Summary

  • Earnings: ROA of -4.19%, down 368 bps year over year; NIM at 2.68%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 15.76%.
  • Funding: loans stand at 74.83% of deposits as of Q3 2011.

Financial Results

Return on Assets (YTD, annualized)

-4.19%-368 bps YoY

Net Interest Margin (YTD, annualized)

2.68%+34 bps YoY

Efficiency Ratio (YTD, annualized)

144.26%+5,079 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets-0.51%-9.03%-0.64%-4.42%-4.19%-368 bps
Return on Equity-4.76%-97.99%-29.86%-314%-470%-46,483 bps
Net Interest Margin2.34%2.23%2.18%2.33%2.68%+34 bps
Efficiency Ratio93.47%107.26%127.37%130.30%144.26%+5,079 bps
Non-Interest Burden2.18%2.41%2.83%3.10%3.95%+177 bps
Growth
Asset Growth (YoY)9.03%-10.52%-10.40%-15.64%-22.92%-3,195 bps
Loan Growth (YoY)4.76%2.56%-4.50%-18.25%-27.60%-3,235 bps
Deposit Growth (YoY)19.75%2.60%1.49%-3.46%-11.42%-3,117 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.06%4.70%2.78%18.03%15.76%+1,471 bps
Allowance / Loans2.43%8.80%8.38%4.38%3.57%+114 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 Capital13.29%4.46%4.37%-0.06%-1.34%-1,462 bps
Equity / Assets10.57%2.24%2.03%-0.09%-0.86%-1,143 bps
Liquidity & Funding
Loans / Deposits91.55%92.82%86.57%76.26%74.83%-1,672 bps
Liquid Assets / Assets2.62%4.77%11.01%16.24%13.31%+1,070 bps
CRE / Total Capitaln/an/an/an/an/an/an/a