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Letter portraitLegal landscapeQuarterYTD

Central Progressive Bank

Hammond, LA · Cert 19657

FDIC

Q3 2011

$383.1MAssets
$239.3MLoans
$347.7MDeposits
$2.5MEquity
Loan mix
91%RE $189.8M6%C&I $12.3M3%Consumer $6.7MQ3 2010Q3 2011
Deposit mix
83%Interest-bearing $287.1M17%Noninterest $60.7MQ3 2010Q3 2011

NIM

4.75%Q3 ’094.40%Q3 ’103.93%Q3 ’11+8%-6%

Non-interest income vs. expense

4.62%Q3 ’095.16%Q3 ’108.37%Q3 ’11+17%+80%

Executive Summary

  • Earnings: ROA of -6.53%, down 579 bps year over year; NIM at 2.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.52%.
  • Funding: loans stand at 68.83% of deposits as of Q3 2011.

Financial Results

Return on Assets (YTD, annualized)

-6.53%-579 bps YoY

Net Interest Margin (YTD, annualized)

2.63%-16 bps YoY

Efficiency Ratio (YTD, annualized)

203%+7,806 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets-0.74%-3.71%-0.47%-6.89%-6.53%-579 bps
Return on Equity-8.52%-46.13%-8.86%-161.67%-192.87%-18,435 bps
Net Interest Margin2.79%2.57%2.39%2.51%2.63%-16 bps
Efficiency Ratio125.38%154.83%112.07%188.61%203%+7,806 bps
Non-Interest Burden3.83%4.67%2.86%6.00%6.88%+305 bps
Growth
Asset Growth (YoY)-1.29%-2.86%-1.89%-5.52%-8.07%-678 bps
Loan Growth (YoY)-11.67%-7.80%-6.72%-5.59%-6.96%+470 bps
Deposit Growth (YoY)-0.45%1.19%2.12%1.72%-2.11%-167 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.26%2.14%0.14%0.68%3.52%+326 bps
Allowance / Loans4.70%2.95%2.96%5.38%3.37%-133 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 Capital9.49%8.07%7.97%3.87%1.64%-785 bps
Equity / Assets8.36%5.30%5.26%2.10%0.64%-772 bps
Liquidity & Funding
Loans / Deposits72.42%68.32%67.99%70.44%68.83%-359 bps
Liquid Assets / Assets10.37%10.68%10.92%7.63%10.83%+46 bps
CRE / Total Capitaln/an/an/an/an/an/an/a