PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Futurus Bank, N.A.

Alpharetta, GA · Cert 35440

FDIC

Q1 2005

$56.5MAssets
$51.0MLoans
$50.9MDeposits
$5.2MEquity
Deposit mix
94%Interest-bearing $47.8M6%Noninterest $3.0MQ1 2004Q1 2005

NIM

4.50%Q1 ’035.45%Q1 ’046.14%Q1 ’05+48%+18%

Non-interest income vs. expense

5.11%Q1 ’033.28%Q1 ’046.89%Q1 ’05-41%+125%

Executive Summary

  • Earnings: ROA of -3.41%, down 173 bps year over year; NIM at 3.87%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 100.16% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

-3.41%-173 bps YoY

Net Interest Margin (quarter, annualized)

3.87%+58 bps YoY

Efficiency Ratio (quarter, annualized)

165.35%+7,510 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets-1.68%0.90%0.15%0.49%-3.41%-173 bps
Return on Equity-20.68%11.13%1.79%5.53%-36.87%-1,619 bps
Net Interest Margin3.29%3.30%3.39%3.75%3.87%+58 bps
Efficiency Ratio90.26%104.34%94.49%108.93%165.35%+7,510 bps
Non-Interest Burden2.94%3.44%3.18%4.08%6.60%+366 bps
Growth
Asset Growth (YoY)60.65%34.23%20.80%-8.88%-19.22%-7,987 bps
Loan Growth (YoY)121.80%62.53%33.49%-11.45%-18.63%-14,042 bps
Deposit Growth (YoY)66.68%37.69%23.49%-9.72%-21.04%-8,772 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.71%1.50%1.52%1.50%1.71%0 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 Capital9.14%10.10%10.25%11.56%10.95%+181 bps
Equity / Assets7.76%8.40%8.48%9.31%9.16%+140 bps
Liquidity & Funding
Loans / Deposits97.19%98.37%98.03%92.77%100.16%+297 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