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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

7.32%Q2 ’015.81%Q2 ’025.11%Q2 ’03+29%-4%

Non-interest income vs. expense

1.99%Q2 ’012.53%Q2 ’024.01%Q2 ’03+73%+118%

Executive Summary

  • Earnings: ROA of -0.99%, up 196 bps year over year; NIM at 2.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.86%.
  • Funding: loans stand at 75.79% of deposits as of Q2 2003.

Financial Results

Return on Assets (quarter, annualized)

-0.99%+196 bps YoY

Net Interest Margin (quarter, annualized)

2.80%-12 bps YoY

Efficiency Ratio (quarter, annualized)

127.63%+6,060 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets-2.95%1.01%1-6.94%-0.04%-0.99%+196 bps
Return on Equity-48.60%15.70%-108.43%-0.63%-13.27%+3,533 bps
Net Interest Margin2.92%3.21%2.93%3.08%2.80%-12 bps
Efficiency Ratio67.03%62.85%90.29%79.29%127.63%+6,060 bps
Non-Interest Burden1.68%1.55%2.57%2.16%3.67%+199 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 / Loans6.55%2.67%9.05%1.76%3.86%-269 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