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Cnlbank, Southwest Florida

Bonita Springs, FL · Cert 58557

FDIC

Q1 2009

$149.8MAssets
$120.3MLoans
$126.9MDeposits
$21.8MEquity
Loan mix
92%RE $85.3M8%C&I $7.2M0%Consumer $0.3MQ1 2008Q1 2009
Deposit mix
91%Interest-bearing $114.8M9%Noninterest $12.0MQ1 2008Q1 2009

NIM

7.86%Q4 ’076.55%Q1 ’084.67%Q1 ’09-16%-32%

Non-interest income vs. expense

6.87%Q4 ’075.52%Q1 ’083.66%Q1 ’09-19%-34%

Executive Summary

  • Earnings: ROA of -0.67%, up 85 bps year over year; NIM at 2.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.41%.
  • Funding: loans stand at 94.81% of deposits as of Q1 2009.

Financial Results

Return on Assets (quarter, annualized)

-0.67%+85 bps YoY

Net Interest Margin (quarter, annualized)

2.62%-122 bps YoY

Efficiency Ratio (quarter, annualized)

136.17%-632 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets-1.52%-1.12%-0.98%-2.70%-0.67%+85 bps
Return on Equity-8.42%-7.02%-5.86%-15.97%-4.41%+401 bps
Net Interest Margin3.83%3.44%3.33%2.74%2.62%-122 bps
Efficiency Ratio142.48%123.52%119.91%119.20%136.17%-632 bps
Non-Interest Burden5.48%4.26%4.02%3.28%3.59%-189 bps
Growth
Asset Growth (YoY)n/an/a43.81%43.61%38.96%n/a
Loan Growth (YoY)n/an/a48.96%34.45%24.59%n/a
Deposit Growth (YoY)n/an/a41.96%42.49%41.97%n/a
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.41%+41 bps
Allowance / Loans1.39%1.49%1.64%2.55%2.47%+109 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 Capital18.18%16.50%19.85%17.89%17.84%-35 bps
Equity / Assets16.94%15.08%18.21%15.74%14.55%-239 bps
Liquidity & Funding
Loans / Deposits108.04%118.30%117.33%111.34%94.81%-1,322 bps
Liquid Assets / Assets0.61%0.12%0.12%1.42%3.70%+309 bps
CRE / Total Capitaln/an/an/an/an/an/an/a