PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Southbank, N.A.

Woodstock, GA · Cert 57105

FDIC

Q2 2009

$184.2MAssets
$151.3MLoans
$182.4MDeposits
$-5375KEquity
Loan mix
93%RE $134.8M7%C&I $10.5M0%Consumer $0.3MQ2 2008Q2 2009
Deposit mix
99%Interest-bearing $180.2M1%Noninterest $2.2MQ2 2008Q2 2009

NIM

7.52%Q2 ’075.59%Q2 ’083.46%Q2 ’09-44%-123%

Non-interest income vs. expense

2.12%Q2 ’0717.81%Q2 ’082.39%Q2 ’09+778%-78%

Executive Summary

  • Earnings: ROA of -14.09%, up 198 bps year over year; NIM at -0.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.62%.
  • Funding: loans stand at 82.93% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-14.09%+198 bps YoY

Net Interest Margin (YTD, annualized)

-0.43%-235 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-16.07%-12.30%-12.42%-8.27%-14.09%+198 bps
Return on Equity-120.47%-106.14%-123.77%-257%-959%-83,871 bps
Net Interest Margin1.91%1.49%1.11%-0.46%-0.43%-235 bps
Efficiency Ratio120.79%157.96%326%n/an/an/a
Non-Interest Burden17.84%12.52%9.77%3.98%3.97%-1,387 bps
Growth
Asset Growth (YoY)-2.41%13.88%7.13%2.47%-14.39%-1,199 bps
Loan Growth (YoY)2.10%1.47%-6.56%-7.17%-13.92%-1,602 bps
Deposit Growth (YoY)14.43%32.43%24.88%16.52%-5.53%-1,996 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.05%1.56%3.33%7.15%4.62%+357 bps
Allowance / Loans1.48%3.23%3.35%3.11%8.38%+689 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 Capital10.10%10.19%6.63%4.00%-3.60%-1,371 bps
Equity / Assets7.90%6.87%4.15%2.23%-2.92%-1,082 bps
Liquidity & Funding
Loans / Deposits91.01%77.62%73.53%75.20%82.93%-808 bps
Liquid Assets / Assets0.26%0.02%13.60%11.28%4.97%+471 bps
CRE / Total Capitaln/an/an/an/an/an/an/a