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Bank of Arkansas, National Association

Fayetteville, AR · Cert 33482

FDIC

Q4 2010

$284.0MAssets
$151.0MLoans
$247.2MDeposits
$35.5MEquity
Loan mix
78%RE $47.8M22%C&I $13.3M0%Consumer $0.2MQ4 2009Q4 2010
Deposit mix
98%Interest-bearing $243.1M2%Noninterest $4.1MQ4 2009Q4 2010

NIM

6.24%Q4 ’085.07%Q4 ’093.25%Q4 ’10-17%-39%

Non-interest income vs. expense

2.48%Q4 ’082.95%Q4 ’091.98%Q4 ’10-40%-8%

Executive Summary

  • Earnings: ROA of 0.37%, down 88 bps year over year; NIM at 2.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.66%.
  • Funding: loans stand at 61.10% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

0.37%-88 bps YoY

Net Interest Margin (quarter, annualized)

2.50%-160 bps YoY

Efficiency Ratio (quarter, annualized)

53.76%+598 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets1.25%1.39%-0.16%0.14%0.37%-88 bps
Return on Equity9.85%9.01%-1.15%1.18%3.10%-675 bps
Net Interest Margin4.10%4.31%3.63%2.77%2.50%-160 bps
Efficiency Ratio47.78%48.41%72.58%68.46%53.76%+598 bps
Non-Interest Burden0.87%1.37%2.38%1.33%0.80%-7 bps
Growth
Asset Growth (YoY)-20.07%-19.22%-13.60%0.98%24.56%+4,462 bps
Loan Growth (YoY)-21.21%-24.86%-27.33%-27.71%-27.82%-661 bps
Deposit Growth (YoY)33.51%-19.56%-4.31%12.82%40.74%+723 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.08%2.60%3.64%1.32%1.66%-42 bps
Allowance / Loans2.68%2.50%2.32%2.73%3.04%+36 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 Capital16.13%17.59%17.12%16.75%18.18%+205 bps
Equity / Assets15.06%15.78%12.55%11.37%12.50%-256 bps
Liquidity & Funding
Loans / Deposits119.14%104.14%73.09%60.39%61.10%-5,804 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a