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Allegiant Bank

Saint Louis, MO · Cert 1078

FDIC

Q2 2004

$2.8BAssets
$2.0BLoans
$1.7BDeposits
$526.4MEquity
Loan mix
66%RE $465.6M34%C&I $238.5M0%Consumer $0.9MQ2 2003Q2 2004
Deposit mix
89%Interest-bearing $1.5B11%Noninterest $0.2BQ2 2003Q2 2004

NIM

5.89%Q2 ’025.25%Q2 ’03-1.54%Q2 ’04-2%-120%

Non-interest income vs. expense

2.14%Q2 ’022.06%Q2 ’030.16%Q2 ’04-5%-84%

Executive Summary

  • Earnings: ROA of -0.22%, down 146 bps year over year; NIM at -0.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.53%.
  • Funding: loans stand at 116.12% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

-0.22%-146 bps YoY

Net Interest Margin (quarter, annualized)

-0.67%-407 bps YoY

Efficiency Ratio (quarter, annualized)

76.23%+2,540 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets1.25%1.22%1.14%0.66%-0.22%-146 bps
Return on Equity12.04%11.17%10.30%5.90%-1.40%-1,343 bps
Net Interest Margin3.39%3.38%3.29%3.00%-0.67%-407 bps
Efficiency Ratio50.83%49.21%50.22%52.88%76.23%+2,540 bps
Non-Interest Burden1.47%1.40%1.33%1.30%0.23%-124 bps
Growth
Asset Growth (YoY)18.77%16.45%7.07%7.02%15.47%-329 bps
Loan Growth (YoY)21.71%19.34%9.61%12.83%12.30%-942 bps
Deposit Growth (YoY)21.58%14.44%1.68%5.04%-3.75%-2,533 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.29%0.85%0.74%-0.53%-62 bps
Allowance / Loans1.14%1.15%1.07%1.10%1.06%-8 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 Capital12.25%12.08%12.03%11.98%10.28%-197 bps
Equity / Assets11.00%10.91%11.19%11.29%19.13%+813 bps
Liquidity & Funding
Loans / Deposits99.52%103.72%108.05%105.23%116.12%+1,660 bps
Liquid Assets / Assets0.49%0.45%0.38%0.33%0.00%-49 bps
CRE / Total Capitaln/an/an/an/an/an/an/a