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First Louisiana Bank

Shreveport, LA · Cert 34984

FDIC

Q4 2009

$127.8MAssets
$89.7MLoans
$87.1MDeposits
$20.1MEquity
Loan mix
65%RE $46.3M35%C&I $24.7M0%Consumer $0.0MQ4 2008Q4 2009
Deposit mix
71%Interest-bearing $61.9M29%Noninterest $25.1MQ4 2008Q4 2009

NIM

6.95%Q4 ’075.38%Q4 ’08-11.05%Q4 ’09-9%-326%

Non-interest income vs. expense

3.72%Q4 ’073.43%Q4 ’08-9.86%Q4 ’09-2%-473%

Executive Summary

  • Earnings: ROA of 5.81%, up 547 bps year over year; NIM at -8.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 1.46%.
  • Funding: loans stand at 103.04% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

5.81%+547 bps YoY

Net Interest Margin (quarter, annualized)

-8.94%-1,289 bps YoY

Efficiency Ratio (quarter, annualized)

71.79%-111 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets0.34%0.54%0.80%-4.54%5.81%+547 bps
Return on Equity3.69%5.24%7.22%-41.38%44.05%+4,036 bps
Net Interest Margin3.95%4.34%5.01%5.04%-8.94%-1,289 bps
Efficiency Ratio72.90%69.98%70.12%156.92%71.79%-111 bps
Non-Interest Burden2.67%2.73%3.19%7.56%-9.97%-1,264 bps
Growth
Asset Growth (YoY)14.15%10.01%-7.16%-25.94%-8.85%-2,301 bps
Loan Growth (YoY)1.82%1.85%11.68%8.79%3.16%+134 bps
Deposit Growth (YoY)18.95%19.20%-10.68%-32.58%-22.38%-4,133 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.83%0.98%-0.02%0.51%-1.46%-229 bps
Allowance / Loans1.19%1.20%1.33%2.07%0.00%-119 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 Capital13.58%13.73%13.46%12.47%9.57%-401 bps
Equity / Assets10.08%10.74%11.32%10.61%15.70%+562 bps
Liquidity & Funding
Loans / Deposits77.53%81.16%97.42%100.85%103.04%+2,551 bps
Liquid Assets / Assets0.72%4.80%4.59%2.63%0.32%-41 bps
CRE / Total Capitaln/an/an/an/an/an/an/a