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Community Bank, Meridian, Mississippi

Meridian, MS · Cert 35352

FDIC

Q2 2008

$145.6MAssets
$110.3MLoans
$131.0MDeposits
$10.6MEquity
Loan mix
83%RE $75.1M17%C&I $15.7M0%Consumer $0.2MQ2 2007Q2 2008
Deposit mix
86%Interest-bearing $113.1M14%Noninterest $18.0MQ2 2007Q2 2008

NIM

5.71%Q2 ’066.42%Q2 ’075.74%Q2 ’08+1%-7%

Non-interest income vs. expense

2.36%Q2 ’062.51%Q2 ’072.71%Q2 ’08-5%+17%

Executive Summary

  • Earnings: ROA of 0.57%, down 19 bps year over year; NIM at 3.16%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 84.20% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

0.57%-19 bps YoY

Net Interest Margin (YTD, annualized)

3.16%-24 bps YoY

Efficiency Ratio (YTD, annualized)

75.26%+1,190 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.77%0.74%0.75%0.50%0.57%-19 bps
Return on Equity10.38%9.96%9.99%6.52%7.60%-278 bps
Net Interest Margin3.40%3.40%3.36%3.13%3.16%-24 bps
Efficiency Ratio63.36%66.11%66.65%77.25%75.26%+1,190 bps
Non-Interest Burden1.95%2.07%2.08%2.33%2.27%+32 bps
Growth
Asset Growth (YoY)-1.94%1.68%2.41%-0.09%3.33%+527 bps
Loan Growth (YoY)7.46%2.44%-2.75%-7.60%4.76%-270 bps
Deposit Growth (YoY)-2.62%1.49%3.93%0.46%4.94%+755 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.17%0.13%-0.03%-0.01%-2 bps
Allowance / Loans1.07%1.00%1.02%1.05%0.92%-15 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 Capital11.23%11.67%12.07%11.49%10.52%-71 bps
Equity / Assets7.36%7.57%7.70%7.68%7.31%-5 bps
Liquidity & Funding
Loans / Deposits84.34%80.19%76.26%74.81%84.20%-14 bps
Liquid Assets / Assets0.11%0.12%0.29%0.12%0.12%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a