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Enterprise National Bank

Memphis, TN · Cert 32872

FDIC

Q3 2005

$312.3MAssets
$196.8MLoans
$209.3MDeposits
$62.1MEquity
Loan mix
49%RE $44.5M50%C&I $45.4M1%Consumer $0.5MQ3 2004Q3 2005
Deposit mix
93%Interest-bearing $195.6M7%Noninterest $13.7MQ3 2004Q3 2005

NIM

5.22%Q3 ’032.95%Q3 ’045.13%Q3 ’05-40%+60%

Non-interest income vs. expense

3.48%Q3 ’031.92%Q3 ’042.73%Q3 ’05-31%+52%

Executive Summary

  • Earnings: ROA of 0.31%, up 9 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.93%.
  • Funding: loans stand at 94.06% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

0.31%+9 bps YoY

Net Interest Margin (YTD, annualized)

3.28%+124 bps YoY

Efficiency Ratio (YTD, annualized)

64.79%-355 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.23%0.28%0.51%0.36%0.31%+9 bps
Return on Equity1.66%1.96%2.83%1.96%1.66%0 bps
Net Interest Margin2.05%2.32%3.26%3.24%3.28%+124 bps
Efficiency Ratio68.34%62.75%58.02%64.58%64.79%-355 bps
Non-Interest Burden1.60%1.66%2.24%2.40%2.43%+83 bps
Growth
Asset Growth (YoY)18.03%18.28%12.95%-4.86%-9.50%-2,753 bps
Loan Growth (YoY)2.29%2.90%-4.35%-9.41%-7.41%-970 bps
Deposit Growth (YoY)10.41%7.22%0.71%-7.52%-13.38%-2,379 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.07%0.07%0.24%0.93%+88 bps
Allowance / Loans2.23%2.37%2.60%2.81%2.47%+25 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 Capital10.91%10.68%11.80%12.10%12.49%+158 bps
Equity / Assets17.88%17.70%18.76%19.27%19.89%+201 bps
Liquidity & Funding
Loans / Deposits88.00%86.82%88.89%88.30%94.06%+606 bps
Liquid Assets / Assets0.00%0.21%0.21%0.15%0.01%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a