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Whitney National Bank

New Orleans, LA · Cert 18538

FDIC

Q1 2011

$11.5BAssets
$7.1BLoans
$9.0BDeposits
$1.5BEquity
Loan mix
62%RE $4.4B37%C&I $2.6B2%Consumer $0.1BQ1 2010Q1 2011
Deposit mix
59%Interest-bearing $5.3B41%Noninterest $3.6BQ1 2010Q1 2011

NIM

4.38%Q1 ’094.16%Q1 ’103.80%Q1 ’110%-6%

Non-interest income vs. expense

3.16%Q1 ’093.65%Q1 ’103.56%Q1 ’11+25%-5%

Executive Summary

  • Earnings: ROA of 0.65%, up 83 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 78.81% of deposits as of Q1 2011.

Financial Results

Return on Assets (quarter, annualized)

0.65%+83 bps YoY

Net Interest Margin (quarter, annualized)

3.47%-21 bps YoY

Efficiency Ratio (quarter, annualized)

80.09%+120 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets-0.18%-0.60%-0.99%-2.90%0.65%+83 bps
Return on Equity-1.46%-4.76%-7.77%-23.06%5.08%+654 bps
Net Interest Margin3.67%3.70%3.63%3.56%3.47%-21 bps
Efficiency Ratio78.89%77.58%83.05%90.24%80.09%+120 bps
Non-Interest Burden2.76%2.69%2.91%3.19%2.62%-14 bps
Growth
Asset Growth (YoY)-3.69%-4.69%-1.24%-0.81%-0.76%+293 bps
Loan Growth (YoY)-9.96%-9.63%-8.45%-11.91%-12.77%-281 bps
Deposit Growth (YoY)-1.10%-2.53%-0.55%2.41%1.73%+283 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.83%2.66%3.93%8.37%0.15%-168 bps
Allowance / Loansn/an/an/an/an/an/an/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 Capital13.14%12.94%13.05%13.33%14.35%+120 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits91.91%92.59%89.78%80.60%78.81%-1,310 bps
Liquid Assets / Assets1.42%1.41%1.36%5.44%5.90%+447 bps
CRE / Total Capitaln/an/an/an/an/an/an/a