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Cleveland Community Bank, S.S.B.

Cleveland, MS · Cert 27995

FDIC

Q3 2008

$20.0MAssets
$14.1MLoans
$17.6MDeposits
$2.2MEquity
Deposit mix
100%Interest-bearing $17.6M0%Noninterest $0.0MQ3 2007Q3 2008

NIM

5.63%Q3 ’066.84%Q3 ’076.72%Q3 ’08+26%+11%

Non-interest income vs. expense

3.45%Q3 ’064.31%Q3 ’077.80%Q3 ’08+23%+106%

Executive Summary

  • Earnings: ROA of -5.51%, down 487 bps year over year; NIM at 3.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 79.63% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-5.51%-487 bps YoY

Net Interest Margin (YTD, annualized)

3.41%+32 bps YoY

Efficiency Ratio (YTD, annualized)

230%+11,004 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets-0.65%-0.42%-0.22%-5.05%-5.51%-487 bps
Return on Equity-4.77%-3.29%-2.08%-45.72%-49.88%-4,511 bps
Net Interest Margin3.08%3.10%3.17%3.21%3.41%+32 bps
Efficiency Ratio119.69%113.08%106.09%239%230%+11,004 bps
Non-Interest Burden3.79%3.58%3.38%8.30%7.82%+402 bps
Growth
Asset Growth (YoY)-17.98%-14.98%-13.35%-6.18%-8.00%+998 bps
Loan Growth (YoY)-12.34%-3.94%3.56%-1.46%-2.14%+1,020 bps
Deposit Growth (YoY)-13.24%-9.68%-7.03%-3.57%-4.02%+922 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.50%0.44%0.05%0.03%0.02%-48 bps
Allowance / Loans5.93%5.43%5.44%5.72%5.95%+2 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 Capital26.89%17.39%20.90%22.38%20.83%-606 bps
Equity / Assets14.20%9.50%11.56%12.10%11.11%-309 bps
Liquidity & Funding
Loans / Deposits78.11%82.36%82.31%79.31%79.63%+153 bps
Liquid Assets / Assets29.31%25.33%25.35%26.85%24.91%-439 bps
CRE / Total Capitaln/an/an/an/an/an/an/a