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Centura Card Bank

Norcross, GA · Cert 35466

FDIC

Q2 2009

$9.8MAssets
$6.8MLoans
$600KDeposits
$8.6MEquity
Deposit mix
100%Interest-bearing $600K0%Noninterest $0KQ2 2008Q2 2009

NIM

6.43%Q2 ’079.04%Q2 ’087.81%Q2 ’09+42%-14%

Non-interest income vs. expense

5.43%Q2 ’0711.38%Q2 ’087.52%Q2 ’09+225%+12%

Executive Summary

  • Earnings: ROA of -1.36%, down 176 bps year over year; NIM at 7.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 6.28%.
  • Funding: loans stand at 1131.33% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-1.36%-176 bps YoY

Net Interest Margin (YTD, annualized)

7.57%-123 bps YoY

Efficiency Ratio (YTD, annualized)

75.41%+254 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets0.40%1.84%1.53%-1.95%-1.36%-176 bps
Return on Equity0.50%2.23%1.83%-2.23%-1.56%-205 bps
Net Interest Margin8.79%8.04%7.72%7.38%7.57%-123 bps
Efficiency Ratio72.87%72.79%63.93%79.91%75.41%+254 bps
Non-Interest Burden4.56%4.41%3.84%5.46%5.11%+56 bps
Growth
Asset Growth (YoY)-10.43%-10.04%23.80%30.53%0.24%+1,067 bps
Loan Growth (YoY)52.09%-0.46%-1.97%0.39%-19.31%-7,139 bps
Deposit Growth (YoY)0.00%0.00%0.00%0.00%0.00%0 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.45%3.55%3.51%5.57%6.28%+383 bps
Allowance / Loans4.26%3.80%3.78%4.40%3.64%-62 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 Capital99.65%134.09%126.42%127.70%117.72%+1,807 bps
Equity / Assets86.19%85.74%87.46%87.44%87.11%+92 bps
Liquidity & Funding
Loans / Deposits1402%938%1044%1030%1131%-27,067 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