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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

6.34%Q2 ’0710.30%Q2 ’087.97%Q2 ’09+65%-23%

Non-interest income vs. expense

5.01%Q2 ’0713.87%Q2 ’087.40%Q2 ’09+630%-22%

Executive Summary

  • Earnings: ROA of -0.77%, up 186 bps year over year; NIM at 7.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.48%.
  • Funding: loans stand at 1131.33% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

-0.77%+186 bps YoY

Net Interest Margin (quarter, annualized)

7.73%-234 bps YoY

Efficiency Ratio (quarter, annualized)

71.26%-643 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-2.63%4.24%0.64%-1.95%-0.77%+186 bps
Return on Equity-3.13%4.93%0.74%-2.23%-0.89%+224 bps
Net Interest Margin10.07%8.15%7.34%7.38%7.73%-234 bps
Efficiency Ratio77.69%72.60%-25.00%79.91%71.26%-643 bps
Non-Interest Burden6.09%4.95%2.48%5.46%4.74%-135 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 / Loans2.47%3.34%4.47%5.57%7.48%+501 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