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Letter portraitLegal landscapeQuarterYTD

Union Bank of Benton, The

Benton, AR · Cert 17322

FDIC

Q1 2009

$226.3MAssets
$85.0MLoans
$177.9MDeposits
$28.7MEquity
Loan mix
84%RE $58.0M15%C&I $10.1M1%Consumer $0.7MQ1 2008Q1 2009
Deposit mix
83%Interest-bearing $147.9M17%Noninterest $30.0MQ1 2008Q1 2009

NIM

5.77%Q1 ’075.50%Q1 ’084.56%Q1 ’09+3%+5%

Non-interest income vs. expense

2.64%Q1 ’072.60%Q1 ’082.78%Q1 ’09-3%+12%

Executive Summary

  • Earnings: ROA of 0.69%, down 4 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Funding: loans stand at 47.79% of deposits as of Q1 2009.

Financial Results

Return on Assets (quarter, annualized)

0.69%-4 bps YoY

Net Interest Margin (quarter, annualized)

3.27%+14 bps YoY

Efficiency Ratio (quarter, annualized)

64.29%-693 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.73%0.90%-1.57%0.72%0.69%-4 bps
Return on Equity9.83%12.37%-16.46%5.92%5.52%-431 bps
Net Interest Margin3.13%3.13%-4.35%2.97%3.27%+14 bps
Efficiency Ratio71.22%66.33%97.56%66.90%64.29%-693 bps
Non-Interest Burden2.08%1.91%-2.05%2.19%2.32%+25 bps
Growth
Asset Growth (YoY)6.94%5.93%5.66%0.63%-5.76%-1,271 bps
Loan Growth (YoY)8.00%-0.83%-6.40%-9.14%-7.42%-1,542 bps
Deposit Growth (YoY)9.09%6.72%2.06%-3.86%-10.14%-1,923 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.06%-0.17%-0.14%0.01%-0.04%+2 bps
Allowance / Loans1.39%1.46%0.62%0.62%0.69%-70 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 Capital15.02%15.65%16.34%17.27%18.14%+312 bps
Equity / Assets7.47%7.03%12.01%12.33%12.69%+522 bps
Liquidity & Funding
Loans / Deposits46.39%45.98%46.02%48.31%47.79%+140 bps
Liquid Assets / Assets0.27%2.66%2.58%2.26%2.02%+175 bps
CRE / Total Capitaln/an/an/an/an/an/an/a