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Midsouth Bank

Jonesboro, AR · Cert 15455

FDIC

Q2 2003

$300.2MAssets
$206.4MLoans
$272.3MDeposits
$25.6MEquity
Loan mix
60%RE $54.6M39%C&I $34.9M1%Consumer $0.9MQ2 2002Q2 2003
Deposit mix
89%Interest-bearing $243.0M11%Noninterest $29.3MQ2 2002Q2 2003

NIM

7.42%Q2 ’016.48%Q2 ’025.39%Q2 ’03+45%-10%

Non-interest income vs. expense

1.96%Q2 ’012.51%Q2 ’023.83%Q2 ’03+56%+86%

Executive Summary

  • Earnings: ROA of -0.50%, up 58 bps year over year; NIM at 3.01%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.83%.
  • Funding: loans stand at 75.79% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

-0.50%+58 bps YoY

Net Interest Margin (YTD, annualized)

3.01%-35 bps YoY

Efficiency Ratio (YTD, annualized)

98.94%+4,024 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets-1.08%-0.43%-1.87%-0.04%-0.50%+58 bps
Return on Equity-17.78%-6.84%-30.20%-0.63%-7.26%+1,052 bps
Net Interest Margin3.36%3.50%3.60%3.08%3.01%-35 bps
Efficiency Ratio58.70%60.05%65.95%79.29%98.94%+4,024 bps
Non-Interest Burden1.59%1.67%2.01%2.16%2.96%+137 bps
Growth
Asset Growth (YoY)-5.26%-13.79%-25.57%-30.17%-23.64%-1,838 bps
Loan Growth (YoY)-4.18%-11.26%-21.65%-30.48%-29.68%-2,550 bps
Deposit Growth (YoY)2.18%-8.32%-17.51%-24.91%-20.56%-2,274 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.14%3.80%5.54%1.76%2.83%-132 bps
Allowance / Loans3.38%3.52%5.74%6.39%6.01%+263 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 Capital8.72%9.82%8.22%9.09%12.86%+414 bps
Equity / Assets6.09%6.79%5.95%6.37%8.53%+243 bps
Liquidity & Funding
Loans / Deposits85.61%87.92%82.47%76.60%75.79%-983 bps
Liquid Assets / Assets0.52%0.56%0.00%0.09%0.10%-42 bps
CRE / Total Capitaln/an/an/an/an/an/an/a