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First Liberty National Bank

Washington, DC · Cert 27206

FDIC

Q2 2006

$80.4MAssets
$34.9MLoans
$67.4MDeposits
$6.6MEquity
Loan mix
57%RE $7.9M43%C&I $6.0M0%Consumer $0.0MQ2 2005Q2 2006
Deposit mix
86%Interest-bearing $58.0M14%Noninterest $9.3MQ2 2005Q2 2006

NIM

3.56%Q2 ’044.27%Q2 ’055.43%Q2 ’06+21%+24%

Non-interest income vs. expense

4.84%Q2 ’043.94%Q2 ’054.33%Q2 ’06-5%+24%

Executive Summary

  • Earnings: ROA of -0.17%, up 7 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 51.87% of deposits as of Q2 2006.

Financial Results

Return on Assets (YTD, annualized)

-0.17%+7 bps YoY

Net Interest Margin (YTD, annualized)

3.92%+77 bps YoY

Efficiency Ratio (YTD, annualized)

103.08%-1 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets-0.24%-0.29%-1.09%-0.45%-0.17%+7 bps
Return on Equity-2.65%-3.29%-12.74%-5.90%-2.20%+45 bps
Net Interest Margin3.15%3.25%3.37%3.75%3.92%+77 bps
Efficiency Ratio103.08%105.48%136.53%109.53%103.08%-1 bps
Non-Interest Burden3.27%3.46%4.81%4.13%4.05%+78 bps
Growth
Asset Growth (YoY)-10.52%-5.15%-0.02%-1.92%-12.54%-202 bps
Loan Growth (YoY)16.32%26.65%26.96%17.06%9.66%-665 bps
Deposit Growth (YoY)-22.33%-8.05%2.65%-3.64%-5.96%+1,637 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.31%-0.16%-0.12%0.00%0.00%+31 bps
Allowance / Loans3.64%3.64%2.61%2.51%2.41%-123 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 Capital18.00%17.87%15.77%15.23%15.36%-265 bps
Equity / Assets8.82%8.46%7.56%7.59%8.19%-63 bps
Liquidity & Funding
Loans / Deposits44.48%41.89%41.77%47.67%51.87%+739 bps
Liquid Assets / Assets1.44%1.15%0.95%0.99%0.84%-60 bps
CRE / Total Capitaln/an/an/an/an/an/an/a