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Mississippi National Banker's Bank

Ridgeland, MS · Cert 57118

FDIC

Q4 2010

$132.9MAssets
$53.6MLoans
$28.5MDeposits
$20.3MEquity
Deposit mix
0%Interest-bearing $0.0M100%Noninterest $28.5MQ4 2009Q4 2010

NIM

2.49%Q4 ’081.51%Q4 ’091.53%Q4 ’10-23%+4%

Non-interest income vs. expense

1.24%Q4 ’081.04%Q4 ’091.38%Q4 ’10-30%+37%

Executive Summary

  • Earnings: ROA of 0.11%, up 11 bps year over year; NIM at 1.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 10.50%.
  • Funding: loans stand at 187.92% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

0.11%+11 bps YoY

Net Interest Margin (quarter, annualized)

1.46%+6 bps YoY

Efficiency Ratio (quarter, annualized)

72.52%+1,339 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets0.00%0.34%0.21%-0.62%0.11%+11 bps
Return on Equity0.04%3.10%1.60%-4.61%0.81%+77 bps
Net Interest Margin1.40%1.36%1.82%1.79%1.46%+6 bps
Efficiency Ratio59.12%62.42%67.13%69.41%72.52%+1,339 bps
Non-Interest Burden0.68%0.72%1.06%1.09%0.94%+25 bps
Growth
Asset Growth (YoY)44.40%-16.89%-16.08%-5.94%-32.64%-7,705 bps
Loan Growth (YoY)-3.93%-0.43%-2.55%-13.32%-10.91%-698 bps
Deposit Growth (YoY)-9.51%1.40%97.23%19.00%45.56%+5,507 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%10.50%+1,050 bps
Allowance / Loans2.62%2.94%3.28%4.73%2.37%-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 Capital32.46%33.91%31.95%35.51%34.24%+178 bps
Equity / Assets10.44%11.53%14.74%12.31%15.25%+481 bps
Liquidity & Funding
Loans / Deposits307%260%171.59%216%187.92%-11,912 bps
Liquid Assets / Assets64.09%63.50%34.53%59.32%42.88%-2,122 bps
CRE / Total Capitaln/an/an/an/an/an/an/a