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United Bank and Trust Company

New Orleans, LA · Cert 33144

FDIC

Q1 2009

$24.7MAssets
$17.0MLoans
$20.4MDeposits
$1.3MEquity
Loan mix
80%RE $11.6M17%C&I $2.5M3%Consumer $0.4MQ1 2008Q1 2009
Deposit mix
90%Interest-bearing $18.3M10%Noninterest $2.1MQ1 2008Q1 2009

NIM

6.00%Q1 ’076.49%Q1 ’086.44%Q1 ’09+3%-5%

Non-interest income vs. expense

6.94%Q1 ’078.89%Q1 ’089.09%Q1 ’09+25%+36%

Executive Summary

  • Earnings: ROA of -3.47%, down 245 bps year over year; NIM at 4.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.31%.
  • Funding: loans stand at 83.08% of deposits as of Q1 2009.

Financial Results

Return on Assets (quarter, annualized)

-3.47%-245 bps YoY

Net Interest Margin (quarter, annualized)

4.93%-24 bps YoY

Efficiency Ratio (quarter, annualized)

160.72%+4,825 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets-1.02%-3.00%2.52%-1.90%-3.47%-245 bps
Return on Equity-15.18%-47.87%41.49%-31.98%-63.70%-4,852 bps
Net Interest Margin5.17%5.27%5.00%4.85%4.93%-24 bps
Efficiency Ratio112.47%131.06%77.41%125.85%160.72%+4,825 bps
Non-Interest Burden6.16%7.38%2.47%6.74%8.37%+221 bps
Growth
Asset Growth (YoY)6.32%-7.87%0.85%5.24%1.59%-473 bps
Loan Growth (YoY)38.33%28.06%17.93%13.07%4.55%-3,377 bps
Deposit Growth (YoY)-1.61%-15.44%-8.22%-6.30%-2.52%-91 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%1.12%0.60%0.26%0.31%+8 bps
Allowance / Loans1.54%1.47%1.36%1.26%1.20%-34 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 Capital12.21%10.93%11.64%10.99%9.45%-276 bps
Equity / Assets6.62%5.92%6.20%5.69%5.20%-142 bps
Liquidity & Funding
Loans / Deposits77.46%83.60%79.41%82.13%83.08%+562 bps
Liquid Assets / Assets8.15%6.21%12.56%12.54%11.03%+288 bps
CRE / Total Capitaln/an/an/an/an/an/an/a