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Frontier National Bank

Sylacauga, AL · Cert 2831

FDIC

Q3 2002

$283.8MAssets
$204.8MLoans
$222.3MDeposits
$20.1MEquity
Loan mix
65%RE $79.5M33%C&I $40.2M2%Consumer $2.0MQ3 2001Q3 2002
Deposit mix
84%Interest-bearing $186.5M16%Noninterest $35.9MQ3 2001Q3 2002

NIM

7.76%Q1 ’017.34%Q3 ’016.22%Q3 ’02-1%+3%

Non-interest income vs. expense

3.41%Q1 ’013.25%Q3 ’013.30%Q3 ’02+4%+23%

Executive Summary

  • Earnings: ROA of 1.00%, down 27 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.34%.
  • Funding: loans stand at 92.13% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

1.00%-27 bps YoY

Net Interest Margin (quarter, annualized)

3.80%+12 bps YoY

Efficiency Ratio (quarter, annualized)

68.04%+429 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.27%1.17%1.19%1.16%1.00%-27 bps
Return on Equity14.93%14.31%14.04%13.50%13.05%-188 bps
Net Interest Margin3.68%3.66%3.64%3.85%3.80%+12 bps
Efficiency Ratio63.75%70.86%67.47%67.36%68.04%+429 bps
Non-Interest Burden1.83%2.21%1.95%2.10%2.26%+43 bps
Growth
Asset Growth (YoY)25.50%25.43%22.94%23.88%56.17%+3,067 bps
Loan Growth (YoY)21.53%30.93%34.48%31.52%68.85%+4,732 bps
Deposit Growth (YoY)28.55%30.15%27.36%26.77%57.07%+2,852 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.02%0.16%0.17%0.34%+34 bps
Allowance / Loans1.23%1.22%1.17%1.11%0.96%-27 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 Capital10.52%10.67%10.98%10.71%9.41%-110 bps
Equity / Assets7.93%8.44%8.53%8.59%7.08%-86 bps
Liquidity & Funding
Loans / Deposits85.71%91.31%93.18%94.50%92.13%+643 bps
Liquid Assets / Assets0.19%0.05%0.12%0.16%0.14%-5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a