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Letter portraitLegal landscapeQuarterYTD

Bank of Tuscaloosa, The

Tuscaloosa, AL · Cert 27209

FDIC

Q1 2010

$529.1MAssets
$405.5MLoans
$464.7MDeposits
$46.3MEquity
Loan mix
68%RE $233.9M32%C&I $109.8M0%Consumer $0.2MQ1 2009Q1 2010
Deposit mix
77%Interest-bearing $358.8M23%Noninterest $105.8MQ1 2009Q1 2010

NIM

6.28%Q1 ’084.66%Q1 ’094.59%Q1 ’10-11%+7%

Non-interest income vs. expense

1.94%Q1 ’081.97%Q1 ’092.48%Q1 ’10+7%+50%

Executive Summary

  • Earnings: ROA of 0.14%, down 57 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.63%.
  • Funding: loans stand at 87.27% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

0.14%-57 bps YoY

Net Interest Margin (YTD, annualized)

3.56%+24 bps YoY

Efficiency Ratio (YTD, annualized)

60.20%+1,110 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 Assets0.71%-0.13%-0.11%-0.04%0.14%-57 bps
Return on Equity8.55%-1.55%-1.33%-0.56%1.64%-691 bps
Net Interest Margin3.32%3.40%3.40%3.50%3.56%+24 bps
Efficiency Ratio49.10%53.67%53.45%54.07%60.20%+1,110 bps
Non-Interest Burden1.28%1.54%1.53%1.62%1.92%+64 bps
Growth
Asset Growth (YoY)7.56%10.92%4.94%-0.55%1.74%-582 bps
Loan Growth (YoY)10.51%7.29%0.99%-7.01%-10.24%-2,074 bps
Deposit Growth (YoY)7.91%8.57%8.78%4.63%2.23%-569 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%1.66%2.54%2.42%0.63%+42 bps
Allowance / Loans2.28%2.48%2.32%2.47%2.79%+51 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 Capital10.56%10.22%10.31%10.85%12.13%+157 bps
Equity / Assets8.30%7.70%7.73%8.00%8.75%+45 bps
Liquidity & Funding
Loans / Deposits99.39%96.12%92.37%92.11%87.27%-1,212 bps
Liquid Assets / Assets0.00%0.82%2.23%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a