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Horizons Bank

Monroe, LA · Cert 34794

FDIC

Q4 2004

$250.1MAssets
$206.7MLoans
$193.3MDeposits
$27.8MEquity
Loan mix
71%RE $76.8M27%C&I $28.6M2%Consumer $2.1MQ4 2003Q4 2004
Deposit mix
80%Interest-bearing $154.6M20%Noninterest $38.8MQ4 2003Q4 2004

NIM

4.37%Q4 ’026.23%Q4 ’036.10%Q4 ’04+62%-1%

Non-interest income vs. expense

3.30%Q4 ’024.29%Q4 ’033.85%Q4 ’04+15%-17%

Executive Summary

  • Earnings: ROA of 0.96%, down 7 bps year over year; NIM at 4.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.38%.
  • Funding: loans stand at 106.92% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

0.96%-7 bps YoY

Net Interest Margin (quarter, annualized)

4.57%-5 bps YoY

Efficiency Ratio (quarter, annualized)

65.18%-758 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets1.02%0.96%1.66%1.10%0.96%-7 bps
Return on Equity10.56%9.92%16.95%10.88%9.00%-156 bps
Net Interest Margin4.63%4.50%4.36%4.39%4.57%-5 bps
Efficiency Ratio72.76%66.26%52.75%61.13%65.18%-758 bps
Non-Interest Burden3.02%2.58%1.24%2.17%2.52%-50 bps
Growth
Asset Growth (YoY)7.11%13.17%7.68%6.12%-1.51%-862 bps
Loan Growth (YoY)15.19%8.10%0.94%-1.02%-2.21%-1,740 bps
Deposit Growth (YoY)-4.12%1.05%0.24%0.88%-1.62%+250 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.42%0.52%0.69%0.09%0.38%-4 bps
Allowance / Loans0.98%0.96%0.98%1.10%1.24%+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 Capital12.92%12.99%13.79%14.11%15.20%+228 bps
Equity / Assets9.76%9.60%9.99%10.19%11.12%+136 bps
Liquidity & Funding
Loans / Deposits107.56%107.93%107.56%109.21%106.92%-64 bps
Liquid Assets / Assets0.34%0.10%4.76%0.13%0.22%-13 bps
CRE / Total Capitaln/an/an/an/an/an/an/a