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Amsouth Bank

Birmingham, AL · Cert 26800

FDIC

Q3 2006

$54.2BAssets
$38.5BLoans
$36.2BDeposits
$4.1BEquity
Loan mix
84%RE $26.5B16%C&I $4.9B0%Consumer $0.0BQ3 2005Q3 2006
Deposit mix
79%Interest-bearing $28.5B21%Noninterest $7.6BQ3 2005Q3 2006

NIM

4.50%Q3 ’044.95%Q3 ’055.76%Q3 ’06-3%-3%

Non-interest income vs. expense

2.95%Q3 ’042.64%Q3 ’052.46%Q3 ’06-52%+7%

Executive Summary

  • Earnings: ROA of 1.42%, down 3 bps year over year; NIM at 2.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.17%.
  • Funding: loans stand at 106.51% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

1.42%-3 bps YoY

Net Interest Margin (quarter, annualized)

2.91%-9 bps YoY

Efficiency Ratio (quarter, annualized)

51.97%-33 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.44%1.43%1.38%1.41%1.42%-3 bps
Return on Equity18.70%18.85%18.68%19.77%19.46%+76 bps
Net Interest Margin3.00%3.08%3.05%3.05%2.91%-9 bps
Efficiency Ratio52.30%51.75%52.96%52.59%51.97%-33 bps
Non-Interest Burden0.60%0.79%0.85%0.78%0.64%+4 bps
Growth
Asset Growth (YoY)2.46%5.75%5.33%6.78%6.26%+381 bps
Loan Growth (YoY)6.28%10.33%11.56%11.70%10.65%+438 bps
Deposit Growth (YoY)10.75%6.79%5.78%5.97%4.68%-607 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.18%0.43%0.45%0.18%0.17%-2 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 Capital11.97%11.45%10.97%10.75%11.02%-95 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits100.76%103.74%102.44%105.76%106.51%+575 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