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Community Bank, Ellisville, Mississippi

Ellisville, MS · Cert 11444

FDIC · 10 branches

Q4 2017

$720.6MAssets
$541.9MLoans
$648.4MDeposits
$60.2MEquity
Loan mix
83%RE $416.2M10%C&I $48.6M7%Consumer $35.8MQ4 2016Q4 2017
Deposit mix
94%Interest-bearing $608.0M6%Noninterest $40.3MQ4 2016Q4 2017

NIM

3.84%Q4 ’153.94%Q4 ’163.96%Q4 ’17+2%0%

Non-interest income vs. expense

2.45%Q4 ’152.49%Q4 ’162.50%Q4 ’17+2%+1%

Market Position · Hattiesburg, MS · 2017 SOD (annual) · 4.7% share · #7 of 17 inst. · $0.1B of $2.9B

26.2% Jones
14.5% Lauderdale
8.7% Lamar
1.9% Forrest

Executive Summary

  • Earnings: ROA of 1.04%, down 7 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.68% of loans (+68 bps YoY), with net charge-offs at 0.19%.
  • Capital: tier 1 leverage ratio of 8.45%, down 13 bps from a year ago.
  • Funding: loans stand at 83.58% of deposits as of Q4 2017.

Financial Results

Return on Assets (YTD, annualized)

1.04%-7 bps YoY

Net Interest Margin (YTD, annualized)

3.58%-1 bps YoY

Efficiency Ratio (YTD, annualized)

57.99%+50 bps YoY

Tier 1 Leverage Ratio

8.45%-13 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2016Q1 2017Q2 2017Q3 2017Q4 2017YoY ΔTrend
Earnings
Return on Assets1.11%1.07%1.09%1.11%1.04%-7 bps
Return on Equity13.35%12.50%12.77%13.07%12.32%-103 bps
Net Interest Margin3.59%3.56%3.55%3.56%3.58%-1 bps
Efficiency Ratio57.48%58.09%58.20%57.96%57.99%+50 bps
Non-Interest Burden1.75%1.75%1.76%1.75%1.77%+2 bps
Growth
Asset Growth (YoY)-0.07%-0.31%1.35%-0.14%4.03%+410 bps
Loan Growth (YoY)4.70%0.21%0.86%0.60%1.06%-364 bps
Deposit Growth (YoY)-0.50%-0.36%1.35%-0.20%4.57%+507 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.56%0.76%0.83%0.68%+68 bps
Net Charge-Offs / Loans0.13%0.13%0.11%0.11%0.19%+6 bps
Allowance / Loans0.98%1.00%0.99%0.98%0.90%-9 bps
Allowance Coverage of NPLsn/a1.8x1.3x1.2x1.3xn/a
Capital
Tier 1 Leverage Ratio8.57%8.63%8.53%8.45%8.45%-13 bps
Total Risk-Based Capital14.63%14.75%14.57%14.29%14.17%-46 bps
Equity / Assets8.64%8.48%8.46%8.45%8.36%-28 bps
Liquidity & Funding
Loans / Deposits86.49%82.98%83.46%84.17%83.58%-290 bps
Liquid Assets / Assets2.05%6.22%6.08%5.67%6.24%+419 bps
CRE / Total Capitaln/an/an/an/an/an/an/a