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Letter portraitLegal landscapeQuarterYTD

Community Bank, Desoto County

Southaven, MS · Cert 34688

FDIC

Q4 2008

$227.3MAssets
$177.7MLoans
$167.6MDeposits
$17.9MEquity
Loan mix
93%RE $145.2M7%C&I $10.5M0%Consumer $0.5MQ4 2007Q4 2008
Deposit mix
96%Interest-bearing $161.5M4%Noninterest $6.1MQ4 2007Q4 2008

NIM

6.95%Q4 ’067.82%Q4 ’075.61%Q4 ’08+1%-28%

Non-interest income vs. expense

2.79%Q4 ’063.16%Q4 ’072.75%Q4 ’08+18%-13%

Executive Summary

  • Earnings: ROA of -0.14%, down 73 bps year over year; NIM at 2.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 106.04% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-0.14%-73 bps YoY

Net Interest Margin (YTD, annualized)

2.84%-110 bps YoY

Efficiency Ratio (YTD, annualized)

87.34%+1,348 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets0.59%0.20%0.21%0.23%-0.14%-73 bps
Return on Equity7.67%2.45%2.53%2.74%-1.70%-937 bps
Net Interest Margin3.94%2.98%3.00%2.98%2.84%-110 bps
Efficiency Ratio73.86%70.98%80.11%82.77%87.34%+1,348 bps
Non-Interest Burden2.82%2.05%2.36%2.43%2.44%-38 bps
Growth
Asset Growth (YoY)-27.30%-3.79%-2.97%4.35%5.51%+3,281 bps
Loan Growth (YoY)-24.88%-3.37%-3.64%1.47%1.72%+2,660 bps
Deposit Growth (YoY)-30.95%-4.26%-3.20%-3.75%-7.72%+2,323 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.41%-0.34%-0.05%0.03%0.26%-15 bps
Allowance / Loans0.77%1.06%1.00%0.93%1.28%+51 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 Capital10.06%10.42%10.52%10.60%10.77%+71 bps
Equity / Assets8.20%8.39%8.37%8.18%7.87%-33 bps
Liquidity & Funding
Loans / Deposits96.20%95.34%95.06%101.06%106.04%+984 bps
Liquid Assets / Assets0.23%0.27%0.11%3.03%5.73%+551 bps
CRE / Total Capitaln/an/an/an/an/an/an/a