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Trust One Bank

Memphis, TN · Cert 34059

FDIC

Q1 2010

$359.8MAssets
$257.8MLoans
$296.0MDeposits
$42.5MEquity
Loan mix
72%RE $165.5M27%C&I $62.4M1%Consumer $2.2MQ1 2009Q1 2010
Deposit mix
92%Interest-bearing $271.9M8%Noninterest $24.1MQ1 2009Q1 2010

NIM

5.04%Q1 ’084.92%Q1 ’094.50%Q1 ’10+34%+5%

Non-interest income vs. expense

2.71%Q1 ’082.90%Q1 ’093.25%Q1 ’10+8%+9%

Executive Summary

  • Earnings: ROA of 0.53%, up 147 bps year over year; NIM at 3.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.02%.
  • Funding: loans stand at 87.08% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

0.53%+147 bps YoY

Net Interest Margin (quarter, annualized)

3.23%+14 bps YoY

Efficiency Ratio (quarter, annualized)

84.52%+397 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-0.95%-1.30%-5.78%-2.11%0.53%+147 bps
Return on Equity-9.65%-13.04%-56.66%-19.40%4.57%+1,422 bps
Net Interest Margin3.09%3.12%2.92%3.13%3.23%+14 bps
Efficiency Ratio80.55%80.17%97.73%113.86%84.52%+397 bps
Non-Interest Burden2.58%2.53%3.00%3.70%2.82%+24 bps
Growth
Asset Growth (YoY)-23.52%-18.54%-17.63%-18.53%-14.26%+926 bps
Loan Growth (YoY)-10.53%-13.92%-23.20%-26.21%-26.12%-1,559 bps
Deposit Growth (YoY)-8.33%-4.49%-7.00%-19.11%-8.91%-58 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.91%2.97%10.14%1.67%1.02%+11 bps
Allowance / Loans2.60%2.83%2.73%2.83%2.57%-3 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 Capital11.64%11.00%13.99%15.33%15.75%+410 bps
Equity / Assets10.17%9.84%10.56%11.20%11.80%+163 bps
Liquidity & Funding
Loans / Deposits107.35%97.07%84.73%86.74%87.08%-2,028 bps
Liquid Assets / Assets0.04%0.30%0.54%0.11%0.19%+14 bps
CRE / Total Capitaln/an/an/an/an/an/an/a