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Bank South

Tulsa, OK · Cert 34757

FDIC

Q1 2007

$128.6MAssets
$114.7MLoans
$104.8MDeposits
$12.6MEquity
Deposit mix
77%Interest-bearing $80.9M23%Noninterest $23.9MQ1 2006Q1 2007

NIM

5.71%Q1 ’057.30%Q1 ’068.06%Q1 ’07+15%+4%

Non-interest income vs. expense

2.89%Q1 ’053.03%Q1 ’062.62%Q1 ’07+7%-9%

Executive Summary

  • Earnings: ROA of 1.14%, up 4 bps year over year; NIM at 4.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.45%.
  • Funding: loans stand at 109.50% of deposits as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

1.14%+4 bps YoY

Net Interest Margin (quarter, annualized)

4.91%+17 bps YoY

Efficiency Ratio (quarter, annualized)

51.20%-810 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets1.10%1.37%1.45%1.46%1.14%+4 bps
Return on Equity11.60%14.22%14.99%15.52%11.93%+34 bps
Net Interest Margin4.74%4.98%4.93%4.91%4.91%+17 bps
Efficiency Ratio59.30%56.62%52.32%53.08%51.20%-810 bps
Non-Interest Burden2.66%2.67%2.52%2.50%2.41%-24 bps
Growth
Asset Growth (YoY)12.34%6.62%11.87%16.46%11.59%-75 bps
Loan Growth (YoY)10.96%15.42%7.61%17.21%13.96%+301 bps
Deposit Growth (YoY)11.21%6.17%14.43%20.32%13.88%+267 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.22%0.18%0.00%-0.01%-0.45%-167 bps
Allowance / Loans0.81%0.77%0.79%0.75%1.07%+26 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 Capital11.89%12.01%12.19%11.57%12.40%+52 bps
Equity / Assets9.48%9.87%9.46%9.38%9.79%+31 bps
Liquidity & Funding
Loans / Deposits109.41%115.54%106.45%110.30%109.50%+9 bps
Liquid Assets / Assets0.03%0.03%0.02%0.02%0.00%-3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a