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Planters & Merchants Bank

Gillett, AR · Cert 19722

FDIC

Q2 2010

$26.3MAssets
$9.7MLoans
$19.3MDeposits
$5.8MEquity
Deposit mix
85%Interest-bearing $16.5M15%Noninterest $2.8MQ2 2009Q2 2010

NIM

5.31%Q2 ’084.21%Q2 ’093.48%Q2 ’10-15%-10%

Non-interest income vs. expense

2.70%Q2 ’083.75%Q2 ’092.92%Q2 ’10+52%-25%

Executive Summary

  • Earnings: ROA of -0.06%, up 34 bps year over year; NIM at 2.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 50.49% of deposits as of Q2 2010.

Financial Results

Return on Assets (quarter, annualized)

-0.06%+34 bps YoY

Net Interest Margin (quarter, annualized)

2.45%-28 bps YoY

Efficiency Ratio (quarter, annualized)

97.50%-1,775 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-0.39%-0.10%-2.21%-0.73%-0.06%+34 bps
Return on Equity-1.87%-0.47%-10.81%-3.60%-0.28%+159 bps
Net Interest Margin2.73%3.04%2.57%2.40%2.45%-28 bps
Efficiency Ratio115.25%102.38%142.31%122.11%97.50%-1,775 bps
Non-Interest Burden3.34%3.24%3.93%3.12%2.51%-83 bps
Growth
Asset Growth (YoY)9.44%4.95%2.30%-2.88%-6.69%-1,613 bps
Loan Growth (YoY)-3.44%-5.37%-11.96%-23.74%-24.32%-2,088 bps
Deposit Growth (YoY)12.13%11.56%4.05%-2.87%-8.29%-2,042 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.06%0.80%-0.04%0.08%+8 bps
Allowance / Loans1.07%1.01%1.74%1.97%1.88%+82 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 Capital19.57%18.43%19.51%20.23%20.08%+51 bps
Equity / Assets21.12%21.11%19.80%20.79%21.95%+83 bps
Liquidity & Funding
Loans / Deposits61.18%63.60%47.67%45.48%50.49%-1,069 bps
Liquid Assets / Assets0.15%0.10%0.05%0.18%0.14%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a