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Bank of Jones County

Laurel, MS · Cert 34897

FDIC · 2 branches

Q4 2014

$218.2MAssets
$61.4MLoans
$188.0MDeposits
$27.8MEquity
Loan mix
67%RE $38.6M22%C&I $12.4M11%Consumer $6.4MQ4 2013Q4 2014
Deposit mix
84%Interest-bearing $157.1M16%Noninterest $30.9MQ4 2013Q4 2014

NIM

2.63%Q4 ’122.92%Q4 ’132.95%Q4 ’14+18%+5%

Non-interest income vs. expense

1.13%Q4 ’121.17%Q4 ’132.81%Q4 ’14+8%+186%

Executive Summary

  • Earnings: ROA of -0.10%, down 142 bps year over year; NIM at 2.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.49%.
  • Funding: loans stand at 32.68% of deposits as of Q4 2014.

Financial Results

Return on Assets (quarter, annualized)

-0.10%-142 bps YoY

Net Interest Margin (quarter, annualized)

2.56%+13 bps YoY

Efficiency Ratio (quarter, annualized)

99.87%+5,665 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets1.32%1.22%1.17%1.03%-0.10%-142 bps
Return on Equity11.93%11.11%10.25%8.45%-0.83%-1,277 bps
Net Interest Margin2.43%2.52%2.56%2.40%2.56%+13 bps
Efficiency Ratio43.23%50.66%40.70%45.86%99.87%+5,665 bps
Non-Interest Burden0.89%1.15%0.89%0.95%2.56%+167 bps
Growth
Asset Growth (YoY)-2.49%4.17%-0.35%-1.48%-1.48%+101 bps
Loan Growth (YoY)9.77%8.96%0.96%1.65%-6.61%-1,637 bps
Deposit Growth (YoY)-1.38%5.81%-3.02%-3.60%-3.79%-241 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.02%0.05%1.84%0.49%+40 bps
Allowance / Loans1.44%1.47%1.59%1.28%1.16%-28 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 Capital29.11%28.59%29.88%30.54%29.98%+88 bps
Equity / Assets11.13%10.85%11.99%12.39%12.76%+163 bps
Liquidity & Funding
Loans / Deposits33.66%31.29%32.02%31.32%32.68%-99 bps
Liquid Assets / Assets0.17%0.16%0.17%0.17%0.18%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a