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First Avenue National Bank

Ocala, FL · Cert 58344

FDIC · 3 branches

Q1 2016

$113.7MAssets
$81.3MLoans
$98.6MDeposits
$13.3MEquity
Loan mix
83%RE $52.8M11%C&I $6.8M7%Consumer $4.2MQ2 2014Q1 2016
Deposit mix
79%Interest-bearing $78.1M21%Noninterest $20.5MQ2 2014Q1 2016

Market Position · Ocala, FL · 2015 SOD (annual) · 1.5% share · #13 of 20 inst. · $0.1B of $5.4B

1.5% Marion
0.9% Sumter

Executive Summary

  • Earnings: ROA of 0.06%, up 36 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 10.48%, down 9 bps from a year ago.
  • Funding: loans stand at 82.52% of deposits as of Q1 2016.

Return on Assets (YTD, annualized)

0.06%+36 bps YoY

Net Interest Margin (YTD, annualized)

3.65%-11 bps YoY

Efficiency Ratio (YTD, annualized)

96.16%-1,484 bps YoY

Tier 1 Leverage Ratio

10.48%-9 bps YoY

NIM

4.11%Q1 ’144.15%Q1 ’153.95%Q1 ’16+1%-3%

Non-interest income vs. expense

4.30%Q1 ’144.39%Q1 ’153.95%Q1 ’16+18%-17%

Year to date, annualized, through each quarter.

MetricQ2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets0.13%0.13%0.09%-0.30%-0.02%-0.01%0.02%10.06%+36 bps
Return on Equity0.94%0.94%0.65%-2.46%-0.21%-0.07%0.16%0.52%+298 bps
Net Interest Margin3.68%3.78%3.56%3.76%3.67%3.67%3.47%3.65%-11 bps
Efficiency Ratio94.46%94.54%96.02%111.00%103.65%102.92%108.46%96.16%-1,484 bps
Non-Interest Burden3.42%3.53%3.39%4.14%3.78%3.75%3.75%3.45%-69 bps
Growth
Asset Growth (YoY)-2.96%-1.12%9.68%21.82%23.15%27.83%11.05%-1.33%-2,315 bps
Loan Growth (YoY)10.70%11.14%12.66%14.86%14.96%4.10%-0.24%1.00%-1,386 bps
Deposit Growth (YoY)-3.81%-2.45%11.40%28.02%29.32%32.33%10.97%-1.85%-2,987 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.07%0.05%-0.01%-0.01%-0.01%0.39%-0.01%0 bps
Allowance / Loans2.09%2.01%1.93%1.90%1.83%1.95%1.11%1.09%-81 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/a10.57%10.45%10.38%9.93%10.48%-9 bps
Total Risk-Based Capital15.86%15.22%14.57%13.71%13.98%14.52%14.16%13.45%-26 bps
Equity / Assets13.73%13.45%12.77%11.39%11.14%10.51%11.44%11.65%+26 bps
Liquidity & Funding
Loans / Deposits92.29%92.89%89.93%80.18%82.04%73.07%80.85%82.52%+233 bps
Liquid Assets / Assets4.44%0.63%1.74%5.69%3.90%12.17%4.66%2.25%-344 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a