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Bank of Ruleville

Ruleville, MS · Cert 328

FDIC

Q3 2009

$175.2MAssets
$116.7MLoans
$128.2MDeposits
$21.2MEquity
Loan mix
88%RE $53.0M12%C&I $7.1M0%Consumer $0.1MQ3 2008Q3 2009
Deposit mix
87%Interest-bearing $112.1M13%Noninterest $16.1MQ3 2008Q3 2009

NIM

6.11%Q3 ’075.46%Q3 ’085.09%Q3 ’09+1%+16%

Non-interest income vs. expense

3.39%Q3 ’073.62%Q3 ’083.51%Q3 ’09+149%+1%

Executive Summary

  • Earnings: ROA of 0.82%, up 29 bps year over year; NIM at 3.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.22%.
  • Funding: loans stand at 91.09% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

0.82%+29 bps YoY

Net Interest Margin (quarter, annualized)

3.88%+53 bps YoY

Efficiency Ratio (quarter, annualized)

71.89%-881 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets0.53%0.50%0.31%0.59%0.82%+29 bps
Return on Equity4.49%4.28%2.54%4.73%6.79%+229 bps
Net Interest Margin3.35%3.48%3.30%3.59%3.88%+53 bps
Efficiency Ratio80.70%79.99%88.04%82.93%71.89%-881 bps
Non-Interest Burden2.49%2.60%2.81%2.82%2.50%+2 bps
Growth
Asset Growth (YoY)19.10%1.97%-5.46%2.97%-0.37%-1,946 bps
Loan Growth (YoY)31.77%27.49%27.90%22.86%8.07%-2,370 bps
Deposit Growth (YoY)-10.05%-14.56%-5.06%0.09%16.01%+2,606 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.19%0.72%0.58%0.59%0.22%+4 bps
Allowance / Loans0.97%0.91%0.82%0.64%0.65%-32 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 Capital13.64%13.99%13.93%12.99%12.98%-66 bps
Equity / Assets11.56%11.98%12.71%12.18%12.10%+54 bps
Liquidity & Funding
Loans / Deposits97.79%86.33%77.55%91.74%91.09%-670 bps
Liquid Assets / Assets3.53%3.83%0.14%0.39%0.43%-311 bps
CRE / Total Capitaln/an/an/an/an/an/an/a