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Vision Bank

Gulf Shores, AL · Cert 35374

FDIC

Q2 2007

$506.8MAssets
$356.9MLoans
$383.0MDeposits
$113.1MEquity
Loan mix
85%RE $291.4M15%C&I $49.9M0%Consumer $0.2MQ2 2006Q2 2007
Deposit mix
86%Interest-bearing $327.9M14%Noninterest $55.1MQ2 2006Q2 2007

NIM

6.60%Q2 ’058.30%Q2 ’067.11%Q2 ’07+18%-25%

Non-interest income vs. expense

2.67%Q2 ’053.07%Q2 ’062.56%Q2 ’07+16%-19%

Executive Summary

  • Earnings: ROA of 1.25%, down 49 bps year over year; NIM at 4.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 93.18% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

1.25%-49 bps YoY

Net Interest Margin (quarter, annualized)

4.03%-136 bps YoY

Efficiency Ratio (quarter, annualized)

48.84%-195 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.75%1.99%1.96%0.38%1.25%-49 bps
Return on Equity19.38%21.77%19.66%2.20%5.51%-1,387 bps
Net Interest Margin5.39%5.47%5.32%1.09%4.03%-136 bps
Efficiency Ratio50.80%45.32%48.24%44.07%48.84%-195 bps
Non-Interest Burden2.41%2.06%2.21%0.49%1.97%-45 bps
Growth
Asset Growth (YoY)17.78%8.63%8.69%23.75%16.53%-126 bps
Loan Growth (YoY)16.36%4.61%8.88%8.65%4.14%-1,222 bps
Deposit Growth (YoY)15.77%5.88%7.72%6.02%0.16%-1,561 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.00%0.14%0.00%0.00%-8 bps
Allowance / Loans1.21%1.31%1.20%1.62%1.66%+45 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 Capital11.40%12.38%12.72%11.80%12.07%+67 bps
Equity / Assets8.72%9.62%10.30%23.20%22.31%+1,359 bps
Liquidity & Funding
Loans / Deposits89.61%93.23%101.45%100.19%93.18%+356 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a