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South Alabama Bank

Mobile, AL · Cert 26607

FDIC

Q4 2012

$1.9BAssets
$1.2BLoans
$1.7BDeposits
$160.1MEquity
Loan mix
68%RE $654.0M28%C&I $270.0M4%Consumer $40.8MQ4 2011Q4 2012
Deposit mix
84%Interest-bearing $1.5B16%Noninterest $0.3BQ4 2011Q4 2012

NIM

3.87%Q4 ’103.69%Q4 ’113.22%Q4 ’12+6%-7%

Non-interest income vs. expense

2.80%Q4 ’102.95%Q4 ’112.79%Q4 ’12+254%-75%

Executive Summary

  • Earnings: ROA of 0.42%, up 912 bps year over year; NIM at 2.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.21%.
  • Funding: loans stand at 65.93% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

0.42%+912 bps YoY

Net Interest Margin (quarter, annualized)

2.81%-22 bps YoY

Efficiency Ratio (quarter, annualized)

75.75%-4,478 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets-8.70%0.22%1-2.18%-1.76%0.42%+912 bps
Return on Equity-89.47%2.55%-25.16%-21.20%5.13%+9,461 bps
Net Interest Margin3.04%3.09%2.99%2.82%2.81%-22 bps
Efficiency Ratio120.53%81.21%93.44%100.66%75.75%-4,478 bps
Non-Interest Burden7.95%2.40%2.79%2.89%1.97%-598 bps
Growth
Asset Growth (YoY)-5.34%-7.54%-7.43%-7.22%-5.42%-8 bps
Loan Growth (YoY)-7.68%-7.36%-7.90%-9.40%-9.78%-210 bps
Deposit Growth (YoY)-2.90%-5.34%-4.40%-3.42%-3.59%-69 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.81%0.85%1.39%1.56%-0.21%-602 bps
Allowance / Loans3.30%3.43%4.31%4.85%5.30%+200 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 Capital13.25%13.53%13.06%12.85%13.29%+3 bps
Equity / Assets8.81%8.85%8.47%8.12%8.29%-52 bps
Liquidity & Funding
Loans / Deposits70.45%70.14%67.72%66.52%65.93%-452 bps
Liquid Assets / Assets2.98%5.09%4.23%6.22%4.41%+143 bps
CRE / Total Capitaln/an/an/an/an/an/an/a