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Letter portraitLegal landscapeQuarterYTD

National Bank of Florida, The

Florida, NY · Cert 7054

FDIC

Q1 2002

$105.3MAssets
$24.2MLoans
$88.0MDeposits
$16.8MEquity
Deposit mix
73%Interest-bearing $64.3M27%Noninterest $23.8MQ1 2001Q1 2002

NIM

6.03%Q1 ’015.19%Q1 ’02-5%

Non-interest income vs. expense

2.18%Q1 ’012.03%Q1 ’02-3%

Executive Summary

  • Earnings: ROA of 1.77%, up 39 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.22%.
  • Funding: loans stand at 27.45% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

1.77%+39 bps YoY

Net Interest Margin (quarter, annualized)

3.73%-21 bps YoY

Efficiency Ratio (quarter, annualized)

48.64%+1 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets1.38%1.07%1.41%0.14%1.77%+39 bps
Return on Equityn/a6.29%8.38%0.88%11.06%n/a
Net Interest Margin3.94%3.79%3.54%3.31%3.73%-21 bps
Efficiency Ratio48.62%58.47%58.36%95.82%48.64%+1 bps
Non-Interest Burden1.64%2.04%1.87%3.15%1.58%-6 bps
Growth
Asset Growth (YoY)4.76%10.51%15.28%18.71%16.55%+1,180 bps
Loan Growth (YoY)26.47%21.44%21.75%20.54%18.55%-792 bps
Deposit Growth (YoY)1.95%9.12%13.87%19.69%18.84%+1,689 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.02%0.00%0.00%0.22%+20 bps
Allowance / Loans0.65%0.67%0.71%0.74%0.67%+3 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 Capital45.15%43.21%43.32%41.46%41.65%-351 bps
Equity / Assets17.31%16.66%17.00%15.94%16.00%-131 bps
Liquidity & Funding
Loans / Deposits27.51%27.66%27.93%27.34%27.45%-7 bps
Liquid Assets / Assets1.38%1.73%1.63%2.40%2.20%+82 bps
CRE / Total Capitaln/an/an/an/an/an/an/a