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Letter portraitLegal landscapeQuarterYTD

Community Bank

Cabot, AR · Cert 1749

FDIC

Q4 2008

$424.3MAssets
$298.8MLoans
$292.9MDeposits
$55.9MEquity
Loan mix
80%RE $172.0M19%C&I $41.3M0%Consumer $0.9MQ4 2007Q4 2008
Deposit mix
84%Interest-bearing $247.4M16%Noninterest $45.6MQ4 2007Q4 2008

NIM

6.19%Q4 ’066.17%Q4 ’075.36%Q4 ’08-7%+12%

Non-interest income vs. expense

3.53%Q4 ’063.00%Q4 ’072.98%Q4 ’08-23%-33%

Executive Summary

  • Earnings: ROA of 0.90%, down 144 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.75%.
  • Funding: loans stand at 102.02% of deposits as of Q4 2008.

Financial Results

Return on Assets (quarter, annualized)

0.90%-144 bps YoY

Net Interest Margin (quarter, annualized)

3.73%+39 bps YoY

Efficiency Ratio (quarter, annualized)

48.34%-788 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets2.34%1.34%1.78%1.68%0.90%-144 bps
Return on Equity17.46%9.98%13.59%13.19%6.92%-1,054 bps
Net Interest Margin3.34%3.56%3.84%3.91%3.73%+39 bps
Efficiency Ratio56.21%52.10%49.13%53.21%48.34%-788 bps
Non-Interest Burden1.32%1.18%1.20%1.35%0.89%-43 bps
Growth
Asset Growth (YoY)14.41%8.92%16.48%13.24%4.01%-1,040 bps
Loan Growth (YoY)13.69%16.01%24.42%17.77%15.62%+193 bps
Deposit Growth (YoY)1.61%-3.60%4.40%7.91%8.41%+680 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.15%-0.02%-1.50%0.03%2.75%+260 bps
Allowance / Loans2.53%2.57%2.74%2.76%2.64%+11 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 Capital12.47%12.18%11.69%12.10%12.40%-6 bps
Equity / Assets13.21%13.55%12.67%12.80%13.18%-3 bps
Liquidity & Funding
Loans / Deposits95.65%100.98%101.75%99.34%102.02%+637 bps
Liquid Assets / Assets0.12%0.12%0.12%0.12%0.15%+3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a