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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

5.27%Q3 ’034.49%Q3 ’045.17%Q3 ’05-11%+3%

Non-interest income vs. expense

3.57%Q3 ’032.65%Q3 ’042.65%Q3 ’05-9%+8%

Executive Summary

  • Earnings: ROA of 0.21%, down 28 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.30%.
  • Funding: loans stand at 94.06% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

0.21%-28 bps YoY

Net Interest Margin (quarter, annualized)

3.19%+8 bps YoY

Efficiency Ratio (quarter, annualized)

65.21%+389 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.49%0.44%0.51%0.21%0.21%-28 bps
Return on Equity2.73%2.48%2.83%1.10%1.07%-166 bps
Net Interest Margin3.11%3.19%3.26%3.13%3.19%+8 bps
Efficiency Ratio61.32%51.90%58.02%71.56%65.21%+389 bps
Non-Interest Burden2.17%1.90%2.24%2.52%2.34%+17 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 / Loans0.16%0.16%0.07%0.40%2.30%+214 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