PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Southern Bank of Commerce

Paragould, AR · Cert 35335

FDIC

Q2 2009

$30.3MAssets
$16.2MLoans
$29.3MDeposits
$916KEquity
Deposit mix
97%Interest-bearing $28.4M3%Noninterest $1.0MQ2 2008Q2 2009

NIM

7.66%Q2 ’076.51%Q2 ’085.09%Q2 ’09-34%-19%

Non-interest income vs. expense

5.91%Q2 ’076.47%Q2 ’087.02%Q2 ’09+11%+16%

Executive Summary

  • Earnings: ROA of -4.71%, up 421 bps year over year; NIM at 2.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 6.74%.
  • Funding: loans stand at 55.27% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

-4.71%+421 bps YoY

Net Interest Margin (quarter, annualized)

2.13%-51 bps YoY

Efficiency Ratio (quarter, annualized)

307%+10,280 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-8.92%-2.74%-15.44%-4.05%-4.71%+421 bps
Return on Equity-84.11%-29.28%-215%-84.72%-132.16%-4,806 bps
Net Interest Margin2.64%2.54%2.07%2.15%2.13%-51 bps
Efficiency Ratio204%220%300%288%307%+10,280 bps
Non-Interest Burden5.94%6.09%6.47%5.89%6.86%+92 bps
Growth
Asset Growth (YoY)-9.12%-8.94%-15.42%-5.06%5.76%+1,488 bps
Loan Growth (YoY)-21.13%-21.33%-20.55%-20.12%-21.45%-32 bps
Deposit Growth (YoY)-6.12%-5.49%-9.51%2.68%14.62%+2,075 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.73%1.82%1.68%1.08%6.74%+201 bps
Allowance / Loans4.38%4.47%4.58%4.80%3.47%-90 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 Capital15.99%15.08%10.63%8.97%6.67%-931 bps
Equity / Assets10.01%8.77%5.51%4.10%3.02%-699 bps
Liquidity & Funding
Loans / Deposits80.66%72.46%70.57%59.79%55.27%-2,538 bps
Liquid Assets / Assets5.87%5.63%7.69%7.81%7.53%+166 bps
CRE / Total Capitaln/an/an/an/an/an/an/a