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Carthage Bank, The

Carthage, MS · Cert 14273

FDIC

Q1 2011

$228.3MAssets
$151.7MLoans
$205.0MDeposits
$-1687KEquity
Loan mix
84%RE $92.8M7%C&I $8.2M9%Consumer $10.0MQ1 2010Q1 2011
Deposit mix
78%Interest-bearing $158.9M22%Noninterest $46.1MQ1 2010Q1 2011

NIM

5.76%Q1 ’095.05%Q1 ’104.49%Q1 ’11-6%-3%

Non-interest income vs. expense

3.13%Q1 ’092.95%Q1 ’103.83%Q1 ’11-1%+82%

Executive Summary

  • Earnings: ROA of -8.75%, down 624 bps year over year; NIM at 2.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.30%.
  • Funding: loans stand at 73.97% of deposits as of Q1 2011.

Financial Results

Return on Assets (quarter, annualized)

-8.75%-624 bps YoY

Net Interest Margin (quarter, annualized)

2.89%-8 bps YoY

Efficiency Ratio (quarter, annualized)

168.73%+8,381 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets-2.51%0.01%-8.23%-10.64%-8.75%-624 bps
Return on Equity-45.15%0.15%-171.05%-419%-4051%-400,561 bps
Net Interest Margin2.97%2.89%3.09%2.92%2.89%-8 bps
Efficiency Ratio84.92%89.58%113.55%245%168.73%+8,381 bps
Non-Interest Burden2.45%2.52%3.52%8.56%4.45%+201 bps
Growth
Asset Growth (YoY)3.74%-7.09%-13.96%-12.65%-10.58%-1,432 bps
Loan Growth (YoY)-8.00%-8.98%-12.90%-16.61%-19.33%-1,133 bps
Deposit Growth (YoY)15.20%2.81%-4.97%-4.55%-2.58%-1,778 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.21%0.80%4.31%4.35%3.30%+109 bps
Allowance / Loans2.59%2.57%4.26%4.58%6.69%+410 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 Capital7.69%7.81%5.67%2.94%-1.01%-870 bps
Equity / Assets5.25%5.68%3.89%1.19%-0.74%-599 bps
Liquidity & Funding
Loans / Deposits89.33%92.15%90.90%81.62%73.97%-1,536 bps
Liquid Assets / Assets10.40%6.99%6.95%13.55%19.41%+902 bps
CRE / Total Capitaln/an/an/an/an/an/an/a