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Omni National Bank

Fayetteville, NC · Cert 22238

FDIC

Q4 2008

$979.6MAssets
$573.1MLoans
$813.2MDeposits
$48.9MEquity
Loan mix
84%RE $290.4M16%C&I $53.9M0%Consumer $0.2MQ4 2007Q4 2008
Deposit mix
99%Interest-bearing $803.4M1%Noninterest $9.8MQ4 2007Q4 2008

NIM

7.52%Q4 ’067.89%Q4 ’075.22%Q4 ’08-5%-67%

Non-interest income vs. expense

2.75%Q4 ’063.40%Q4 ’073.56%Q4 ’08+29%-18%

Executive Summary

  • Earnings: ROA of -1.48%, up 29 bps year over year; NIM at 1.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.46%.
  • Funding: loans stand at 70.47% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-1.48%+29 bps YoY

Net Interest Margin (YTD, annualized)

1.29%-262 bps YoY

Efficiency Ratio (YTD, annualized)

147.80%+8,149 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets-1.77%0.10%-1.10%-1.76%-1.48%+29 bps
Return on Equity-22.85%1.51%-17.65%-29.95%-25.92%-307 bps
Net Interest Margin3.91%2.23%1.70%1.52%1.29%-262 bps
Efficiency Ratio66.31%104.99%137.02%162.50%147.80%+8,149 bps
Non-Interest Burden2.98%2.39%2.53%2.88%2.44%-54 bps
Growth
Asset Growth (YoY)28.43%27.64%20.68%17.78%8.05%-2,038 bps
Loan Growth (YoY)28.61%15.96%8.55%-4.87%-12.42%-4,103 bps
Deposit Growth (YoY)25.02%24.10%21.73%26.15%12.05%-1,297 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.12%1.74%2.08%3.19%3.46%+234 bps
Allowance / Loans4.47%3.85%3.98%3.98%3.77%-70 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 Capital8.79%8.84%7.93%5.75%5.79%-300 bps
Equity / Assets6.88%6.53%5.45%4.79%4.99%-189 bps
Liquidity & Funding
Loans / Deposits90.17%83.81%78.88%73.59%70.47%-1,969 bps
Liquid Assets / Assets2.75%8.01%0.16%9.83%10.30%+755 bps
CRE / Total Capitaln/an/an/an/an/an/an/a