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Southland Bank

Dothan, AL · Cert 5599

FDIC

Q4 2005

$285.4MAssets
$157.0MLoans
$182.8MDeposits
$22.1MEquity
Loan mix
72%RE $46.6M27%C&I $17.4M1%Consumer $0.5MQ4 2004Q4 2005
Deposit mix
87%Interest-bearing $159.2M13%Noninterest $23.7MQ4 2004Q4 2005

NIM

4.46%Q4 ’034.91%Q4 ’046.36%Q4 ’05+6%+11%

Non-interest income vs. expense

1.81%Q4 ’031.80%Q4 ’042.11%Q4 ’05+122%+7%

Executive Summary

  • Earnings: ROA of 1.06%, down 10 bps year over year; NIM at 3.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.96%.
  • Funding: loans stand at 85.90% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

1.06%-10 bps YoY

Net Interest Margin (quarter, annualized)

3.53%+35 bps YoY

Efficiency Ratio (quarter, annualized)

50.73%+64 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.16%1.12%1.27%1.30%1.06%-10 bps
Return on Equity12.91%13.44%13.88%13.17%12.38%-53 bps
Net Interest Margin3.18%3.03%3.87%4.07%3.53%+35 bps
Efficiency Ratio50.09%49.92%51.96%52.51%50.73%+64 bps
Non-Interest Burden1.39%1.19%1.69%1.83%1.48%+10 bps
Growth
Asset Growth (YoY)-0.58%4.70%4.96%8.70%14.18%+1,476 bps
Loan Growth (YoY)6.79%8.47%15.64%14.37%12.16%+537 bps
Deposit Growth (YoY)7.89%15.40%24.38%26.65%35.80%+2,791 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%-0.13%0.10%-0.29%0.96%+74 bps
Allowance / Loans2.04%2.09%1.98%2.05%1.99%-5 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 Capital12.83%12.57%13.32%13.11%12.07%-77 bps
Equity / Assets8.42%8.29%10.12%9.61%7.74%-68 bps
Liquidity & Funding
Loans / Deposits104.00%100.83%100.49%99.58%85.90%-1,810 bps
Liquid Assets / Assets22.52%20.20%7.35%16.44%21.15%-138 bps
CRE / Total Capitaln/an/an/an/an/an/an/a