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Letter portraitLegal landscapeQuarterYTD

First Commercial Bank

Birmingham, AL · Cert 26359

FDIC

Q1 2010

$2.0BAssets
$1.5BLoans
$1.7BDeposits
$204.4MEquity
Loan mix
67%RE $958.0M32%C&I $464.5M1%Consumer $15.9MQ1 2009Q1 2010
Deposit mix
86%Interest-bearing $1.5B14%Noninterest $0.2BQ1 2009Q1 2010

NIM

6.06%Q1 ’084.12%Q1 ’093.74%Q1 ’10-20%-4%

Non-interest income vs. expense

3.27%Q1 ’083.02%Q1 ’093.07%Q1 ’10+22%+87%

Executive Summary

  • Earnings: ROA of 0.60%, down 20 bps year over year; NIM at 2.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 88.94% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

0.60%-20 bps YoY

Net Interest Margin (YTD, annualized)

2.82%-11 bps YoY

Efficiency Ratio (YTD, annualized)

65.60%+860 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.80%0.99%0.49%0.45%0.60%-20 bps
Return on Equity8.15%10.10%4.95%4.50%5.86%-229 bps
Net Interest Margin2.93%2.85%2.86%2.82%2.82%-11 bps
Efficiency Ratio57.00%54.65%57.55%59.11%65.60%+860 bps
Non-Interest Burden0.65%0.31%0.67%0.78%1.22%+56 bps
Growth
Asset Growth (YoY)12.14%14.50%4.57%-2.81%-5.53%-1,767 bps
Loan Growth (YoY)14.33%15.44%0.95%-4.47%-18.51%-3,283 bps
Deposit Growth (YoY)14.70%15.77%5.95%4.96%6.10%-861 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.00%1.23%2.00%1.88%0.05%-94 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 Capital10.82%11.47%12.09%12.60%13.26%+245 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits115.79%122.57%103.72%95.65%88.94%-2,685 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a