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Timberland Bank

El Dorado, AR · Cert 57024

FDIC

Q1 2009

$134.6MAssets
$96.2MLoans
$101.0MDeposits
$12.4MEquity
Loan mix
81%RE $62.2M19%C&I $15.0M0%Consumer $0.0MQ1 2008Q1 2009
Deposit mix
91%Interest-bearing $92.1M9%Noninterest $8.9MQ1 2008Q1 2009

NIM

6.86%Q1 ’076.69%Q1 ’085.88%Q1 ’09+7%+18%

Non-interest income vs. expense

2.14%Q1 ’072.37%Q1 ’083.44%Q1 ’09+13%+53%

Executive Summary

  • Earnings: ROA of -0.15%, down 38 bps year over year; NIM at 3.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.56%.
  • Funding: loans stand at 95.22% of deposits as of Q1 2009.

Financial Results

Return on Assets (quarter, annualized)

-0.15%-38 bps YoY

Net Interest Margin (quarter, annualized)

3.63%+55 bps YoY

Efficiency Ratio (quarter, annualized)

87.36%+1,761 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.23%-1.47%-4.11%-2.11%-0.15%-38 bps
Return on Equity2.74%-18.45%-51.53%-24.40%-1.64%-438 bps
Net Interest Margin3.08%3.22%3.02%3.60%3.63%+55 bps
Efficiency Ratio69.75%68.54%91.20%98.87%87.36%+1,761 bps
Non-Interest Burden2.05%2.15%2.76%3.57%3.13%+108 bps
Growth
Asset Growth (YoY)3.01%5.82%-5.46%-14.44%-19.65%-2,266 bps
Loan Growth (YoY)4.09%-1.64%-9.86%-23.47%-30.47%-3,456 bps
Deposit Growth (YoY)-4.88%2.13%-10.24%-19.71%-21.58%-1,670 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.70%1.70%8.23%6.36%2.56%-14 bps
Allowance / Loans1.54%2.33%2.01%1.99%1.79%+25 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 Capital11.75%11.71%12.60%12.65%13.14%+139 bps
Equity / Assets8.32%7.60%8.38%8.90%9.21%+89 bps
Liquidity & Funding
Loans / Deposits107.39%96.79%103.54%98.08%95.22%-1,218 bps
Liquid Assets / Assets0.07%0.07%0.06%0.72%1.84%+177 bps
CRE / Total Capitaln/an/an/an/an/an/an/a