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American State Bank

Jonesboro, AR · Cert 5617

FDIC

Q3 2005

$356.7MAssets
$222.8MLoans
$294.4MDeposits
$25.5MEquity
Deposit mix
98%Interest-bearing $287.5M2%Noninterest $6.9MQ3 2004Q3 2005

NIM

5.27%Q3 ’034.92%Q3 ’044.94%Q3 ’05+3%-21%

Non-interest income vs. expense

2.93%Q3 ’032.67%Q3 ’042.42%Q3 ’05-6%-11%

Executive Summary

  • Earnings: ROA of 0.65%, down 39 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.36%.
  • Funding: loans stand at 75.68% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

0.65%-39 bps YoY

Net Interest Margin (quarter, annualized)

2.69%-73 bps YoY

Efficiency Ratio (quarter, annualized)

69.65%+699 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets1.04%0.89%0.78%0.74%0.65%-39 bps
Return on Equity13.89%11.86%10.85%10.26%9.00%-488 bps
Net Interest Margin3.42%3.18%3.03%2.90%2.69%-73 bps
Efficiency Ratio62.66%67.36%67.74%69.35%69.65%+699 bps
Non-Interest Burden1.83%1.88%1.82%1.77%1.63%-20 bps
Growth
Asset Growth (YoY)25.80%24.50%20.32%12.20%15.27%-1,053 bps
Loan Growth (YoY)16.18%22.40%20.65%16.76%15.19%-99 bps
Deposit Growth (YoY)14.65%15.70%12.46%7.93%15.15%+50 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.15%-0.05%0.37%0.36%+27 bps
Allowance / Loans1.04%0.99%1.01%0.90%0.84%-20 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 Capital12.50%12.15%12.26%12.12%11.64%-87 bps
Equity / Assets7.70%7.25%7.08%7.33%7.15%-55 bps
Liquidity & Funding
Loans / Deposits75.65%69.95%71.46%77.49%75.68%+3 bps
Liquid Assets / Assets5.45%5.78%7.05%5.43%5.36%-9 bps
CRE / Total Capitaln/an/an/an/an/an/an/a