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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

5.86%Q2 ’066.51%Q2 ’075.54%Q2 ’08+2%-6%

Non-interest income vs. expense

2.35%Q2 ’062.52%Q2 ’072.70%Q2 ’08+3%+8%

Executive Summary

  • Earnings: ROA of 0.65%, down 16 bps year over year; NIM at 3.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 84.20% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

0.65%-16 bps YoY

Net Interest Margin (quarter, annualized)

3.22%-22 bps YoY

Efficiency Ratio (quarter, annualized)

73.37%+857 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.81%0.69%0.78%0.50%0.65%-16 bps
Return on Equity11.20%9.25%10.17%6.52%8.66%-254 bps
Net Interest Margin3.43%3.42%3.33%3.13%3.22%-22 bps
Efficiency Ratio64.80%71.76%68.35%77.25%73.37%+857 bps
Non-Interest Burden2.07%2.33%2.15%2.33%2.23%+17 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%0.49%0.02%-0.03%0.00%-1 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