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Eagle Bank of Alabama

Opelika, AL · Cert 32573

FDIC

Q4 2002

$74.5MAssets
$57.2MLoans
$62.2MDeposits
$5.0MEquity
Deposit mix
92%Interest-bearing $57.4M8%Noninterest $4.8MQ4 2001Q4 2002

NIM

9.19%Q1 ’017.76%Q4 ’016.20%Q4 ’02-10%-26%

Non-interest income vs. expense

2.73%Q1 ’013.10%Q4 ’012.99%Q4 ’02+24%-5%

Executive Summary

  • Earnings: ROA of 0.02%, down 40 bps year over year; NIM at 2.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.60%.
  • Funding: loans stand at 92.02% of deposits as of Q4 2002.

Financial Results

Return on Assets (quarter, annualized)

0.02%-40 bps YoY

Net Interest Margin (quarter, annualized)

2.82%-98 bps YoY

Efficiency Ratio (quarter, annualized)

89.10%+1,713 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets0.42%0.47%0.33%0.02%0.02%-40 bps
Return on Equity5.97%6.91%5.01%0.31%0.32%-566 bps
Net Interest Margin3.80%3.14%2.89%2.84%2.82%-98 bps
Efficiency Ratio71.97%68.77%74.77%86.55%89.10%+1,713 bps
Non-Interest Burden2.60%2.00%2.04%2.41%2.46%-14 bps
Growth
Asset Growth (YoY)13.72%14.90%13.11%7.53%4.22%-950 bps
Loan Growth (YoY)16.47%19.20%7.11%1.41%-4.01%-2,047 bps
Deposit Growth (YoY)9.48%4.23%2.76%-2.76%-1.52%-1,100 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.77%0.21%-0.01%1.60%+138 bps
Allowance / Loans1.69%1.48%1.63%1.80%1.56%-13 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 Capital10.59%10.09%10.57%10.69%10.60%+1 bps
Equity / Assets6.99%6.65%6.58%6.70%6.69%-30 bps
Liquidity & Funding
Loans / Deposits94.41%101.10%91.82%92.98%92.02%-238 bps
Liquid Assets / Assets9.32%11.84%18.70%18.28%16.52%+719 bps
CRE / Total Capitaln/an/an/an/an/an/an/a