PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Apalachicola State Bank

Apalachicola, FL · Cert 9619

FDIC

Q2 2010

$377.5MAssets
$276.8MLoans
$370.0MDeposits
$5.4MEquity
Loan mix
90%RE $213.8M9%C&I $22.2M0%Consumer $0.8MQ2 2009Q2 2010
Deposit mix
94%Interest-bearing $346.2M6%Noninterest $23.8MQ2 2009Q2 2010

NIM

6.74%Q2 ’085.26%Q2 ’093.73%Q2 ’10-20%-25%

Non-interest income vs. expense

3.32%Q2 ’083.08%Q2 ’093.54%Q2 ’10-4%+25%

Executive Summary

  • Earnings: ROA of -2.35%, down 174 bps year over year; NIM at 1.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.67%.
  • Funding: loans stand at 74.81% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

-2.35%-174 bps YoY

Net Interest Margin (YTD, annualized)

1.98%-64 bps YoY

Efficiency Ratio (YTD, annualized)

148.18%+5,161 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-0.61%-2.05%-6.25%-1.68%-2.35%-174 bps
Return on Equity-7.40%-25.93%-90.79%-71.21%-114.67%-10,727 bps
Net Interest Margin2.62%2.49%2.37%1.90%1.98%-64 bps
Efficiency Ratio96.57%107.30%148.20%158.09%148.18%+5,161 bps
Non-Interest Burden2.51%2.72%4.38%3.12%3.13%+62 bps
Growth
Asset Growth (YoY)3.72%6.22%-0.23%-0.82%-1.20%-493 bps
Loan Growth (YoY)5.51%2.38%-1.43%-5.41%-9.03%-1,454 bps
Deposit Growth (YoY)16.57%15.17%14.52%5.75%6.06%-1,052 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.59%1.69%2.45%7.15%3.67%+308 bps
Allowance / Loans1.45%1.64%4.16%2.64%3.33%+188 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 Capital10.51%9.00%4.45%3.87%2.94%-757 bps
Equity / Assets8.32%7.04%2.60%2.13%1.43%-689 bps
Liquidity & Funding
Loans / Deposits87.21%87.70%83.86%77.94%74.81%-1,241 bps
Liquid Assets / Assets2.58%2.21%3.13%6.50%8.99%+641 bps
CRE / Total Capitaln/an/an/an/an/an/an/a