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South Side National Bank in St. Louis

Saint Louis, MO · Cert 14322

FDIC

Q3 2001

$552.3MAssets
$293.3MLoans
$388.7MDeposits
$79.7MEquity
Loan mix
69%RE $110.5M30%C&I $48.4M0%Consumer $0.2MQ3 2000Q3 2001
Deposit mix
88%Interest-bearing $340.5M12%Noninterest $48.2MQ3 2000Q3 2001

NIM

6.93%Q1 ’016.70%Q2 ’01-13.36%Q3 ’01-3%-299%

Non-interest income vs. expense

2.32%Q1 ’012.28%Q2 ’01-4.55%Q3 ’01-4%-301%

Executive Summary

  • Earnings: ROA of -1.62%, down 257 bps year over year; NIM at -5.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.14%.
  • Funding: loans stand at 75.45% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

-1.62%-257 bps YoY

Net Interest Margin (quarter, annualized)

-5.78%

Efficiency Ratio (quarter, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets0.95%0.94%0.83%0.90%-1.62%-257 bps
Return on Equityn/an/an/a10.15%-13.79%n/a
Net Interest Marginn/an/a2.99%2.91%-5.78%n/a
Efficiency Ration/an/a64.70%64.64%n/an/a
Non-Interest Burdenn/an/a1.72%1.66%-3.34%n/a
Growth
Asset Growth (YoY)17.86%9.79%13.32%8.91%12.22%-564 bps
Loan Growth (YoY)37.02%26.01%24.90%12.65%-1.10%-3,812 bps
Deposit Growth (YoY)9.89%14.10%20.18%20.50%8.13%-176 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.03%0.10%-0.14%n/a
Allowance / Loansn/an/a1.08%1.10%1.93%n/a
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 Capitaln/an/a13.01%12.98%11.23%n/a
Equity / Assetsn/an/a8.84%8.85%14.43%n/a
Liquidity & Funding
Loans / Deposits82.49%82.10%80.57%79.76%75.45%-704 bps
Liquid Assets / Assets0.00%0.00%4.46%4.34%4.09%+409 bps
CRE / Total Capitaln/an/an/an/an/an/an/a