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Community Bank & Trust of Southeast Alabama

Enterprise, AL · Cert 19649

FDIC

Q1 2010

$529.8MAssets
$371.9MLoans
$450.7MDeposits
$49.3MEquity
Loan mix
81%RE $239.7M19%C&I $56.0M0%Consumer $1.0MQ1 2009Q1 2010
Deposit mix
87%Interest-bearing $391.6M13%Noninterest $59.1MQ1 2009Q1 2010

NIM

6.11%Q1 ’084.61%Q1 ’094.42%Q1 ’10-21%+16%

Non-interest income vs. expense

2.35%Q1 ’082.03%Q1 ’092.38%Q1 ’10-7%+32%

Executive Summary

  • Earnings: ROA of 0.32%, down 61 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.98%.
  • Funding: loans stand at 82.52% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

0.32%-61 bps YoY

Net Interest Margin (quarter, annualized)

3.56%+49 bps YoY

Efficiency Ratio (quarter, annualized)

57.40%+316 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.93%0.09%0.10%1-1.73%0.32%-61 bps
Return on Equity11.76%1.09%1.28%-23.73%3.81%-794 bps
Net Interest Margin3.07%3.39%3.61%3.72%3.56%+49 bps
Efficiency Ratio54.24%58.65%52.93%51.96%57.40%+316 bps
Non-Interest Burden1.36%1.71%1.57%1.59%1.79%+44 bps
Growth
Asset Growth (YoY)19.84%6.59%10.42%3.26%0.01%-1,984 bps
Loan Growth (YoY)20.32%2.75%1.35%-9.02%-15.92%-3,624 bps
Deposit Growth (YoY)34.63%49.54%27.16%4.47%10.90%-2,373 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.19%0.27%7.08%0.98%+99 bps
Allowance / Loans1.42%1.88%2.55%2.74%3.10%+168 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 Capital10.42%10.60%10.52%11.10%14.53%+411 bps
Equity / Assets7.91%7.81%7.28%7.28%9.30%+139 bps
Liquidity & Funding
Loans / Deposits108.84%95.18%89.65%83.75%82.52%-2,633 bps
Liquid Assets / Assets0.04%0.94%1.66%0.02%0.02%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a