Park Meridian Bank

Charlotte, NC · Cert 33480

FDIC

Q4 2001

$286.5MAssets

$259.4MLoans

$216.7MDeposits

$23.5MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of -1.94%, down 289 bps year over year; NIM at -6.64%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.16%.
Funding: loans stand at 119.72% of deposits as of Q4 2001.

Return on Assets (quarter, annualized)

-1.94%-289 bps YoY

Net Interest Margin (quarter, annualized)

-6.64%

Efficiency Ratio (quarter, annualized)

45.67%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	0.92%	0.95%	0.96%	0.95%	1.07%	0.94%	0.48%	-1.94%	-289 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	11.56%	5.96%	-24.01%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	3.22%	2.13%	2.51%	-6.64%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	53.13%	48.78%	67.05%	45.67%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	1.63%	0.44%	1.62%	-3.25%	n/a
Growth
Asset Growth (YoY)	30.28%	33.70%	27.48%	25.04%	14.34%	11.57%	12.91%	0.48%	-2,457 bps
Loan Growth (YoY)	50.14%	50.48%	42.53%	31.07%	22.44%	20.13%	26.96%	32.11%	+104 bps
Deposit Growth (YoY)	17.86%	29.87%	31.14%	24.06%	24.13%	12.29%	14.57%	9.82%	-1,424 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.02%	0.18%	0.00%	-0.16%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	1.38%	1.30%	1.29%	1.31%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	13.01%	11.02%	10.78%	10.63%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	8.24%	8.02%	7.97%	8.21%	n/a
Liquidity & Funding
Loans / Deposits	105.08%	100.90%	99.15%	99.52%	103.65%	107.95%	109.87%	119.72%	+2,020 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.75%	1.10%	0.89%	0.56%	+56 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a