PackageTrendsPeer
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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 $0.2MQ3 2005Q2 2007
Deposit mix
86%Interest-bearing $327.9M14%Noninterest $55.1MQ3 2005Q2 2007

Executive Summary

  • Earnings: ROA of 0.85%, down 102 bps year over year; NIM at 2.53%.
  • 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.

Return on Assets (YTD, annualized)

0.85%-102 bps YoY

Net Interest Margin (YTD, annualized)

2.53%-281 bps YoY

Efficiency Ratio (YTD, annualized)

47.87%+102 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.97%Q2 ’058.06%Q2 ’064.42%Q2 ’07+28%-53%

Non-interest income vs. expense

2.46%Q2 ’052.79%Q2 ’061.59%Q2 ’07+13%-44%

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.51%1.68%2.03%1.87%1.93%1.95%0.38%0.85%-102 bps
Return on Equity19.47%20.87%21.84%20.59%20.98%20.62%2.20%4.43%-1,616 bps
Net Interest Margin4.29%4.66%5.48%5.34%5.15%5.40%1.09%2.53%-281 bps
Efficiency Ratio50.32%48.01%42.76%46.85%46.30%46.78%44.07%47.87%+102 bps
Non-Interest Burden1.90%1.95%2.01%2.17%2.04%2.17%0.49%1.22%-96 bps
Growth
Asset Growth (YoY)48.51%36.62%19.63%17.78%8.63%8.69%23.75%16.53%-126 bps
Loan Growth (YoY)49.05%36.08%20.57%16.36%4.61%8.88%8.65%4.14%-1,222 bps
Deposit Growth (YoY)49.36%37.64%18.10%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.18%0.13%0.00%0.04%0.03%0.05%0.00%0.00%-4 bps
Allowance / Loans1.10%1.14%1.23%1.21%1.31%1.20%1.62%1.66%+45 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital8.92%10.81%11.48%11.40%12.38%12.72%11.80%12.07%+67 bps
Equity / Assets7.38%9.21%9.35%8.72%9.62%10.30%23.20%22.31%+1,359 bps
Liquidity & Funding
Loans / Deposits94.36%100.37%97.77%89.61%93.23%101.45%100.19%93.18%+356 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a