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First American Bank

Jackson, MS · Cert 33819

FDIC

Q2 2003

$21.5MAssets
$10.0MLoans
$19.9MDeposits
$1.6MEquity
Deposit mix
66%Interest-bearing $13.2M34%Noninterest $6.7MQ2 2002Q2 2003

NIM

9.12%Q2 ’0110.06%Q2 ’029.73%Q2 ’03+36%+1%

Non-interest income vs. expense

6.76%Q2 ’017.42%Q2 ’028.81%Q2 ’03+9%+19%

Executive Summary

  • Earnings: ROA of 0.32%, down 94 bps year over year; NIM at 8.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.38%.
  • Funding: loans stand at 50.54% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

0.32%-94 bps YoY

Net Interest Margin (YTD, annualized)

8.38%+10 bps YoY

Efficiency Ratio (YTD, annualized)

94.85%+1,338 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets1.26%0.79%0.20%-0.20%0.32%-94 bps
Return on Equity16.63%10.03%2.46%-2.34%4.01%-1,262 bps
Net Interest Margin8.28%8.06%7.89%7.09%8.38%+10 bps
Efficiency Ratio81.47%86.46%91.67%100.28%94.85%+1,338 bps
Non-Interest Burden6.80%7.05%7.35%7.29%8.10%+130 bps
Growth
Asset Growth (YoY)-16.98%-23.78%-13.08%-13.95%16.32%+3,329 bps
Loan Growth (YoY)-22.66%-29.65%-18.26%-26.45%1.79%+2,445 bps
Deposit Growth (YoY)-14.17%-22.89%-16.48%-15.07%18.69%+3,287 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.28%0.19%0.43%0.05%0.38%+9 bps
Allowance / Loans3.35%3.64%3.46%4.30%3.43%+8 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 Capital14.58%15.49%15.00%14.21%14.71%+12 bps
Equity / Assets9.00%8.94%8.27%8.83%7.31%-170 bps
Liquidity & Funding
Loans / Deposits58.93%56.38%63.47%53.54%50.54%-839 bps
Liquid Assets / Assets2.95%0.55%0.54%0.58%3.91%+95 bps
CRE / Total Capitaln/an/an/an/an/an/an/a