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Madison County Bank

Madison, MS · Cert 57242

FDIC

Q4 2009

$67.1MAssets
$51.5MLoans
$61.3MDeposits
$4.3MEquity
Loan mix
95%RE $38.3M4%C&I $1.8M0%Consumer $0.1MQ4 2008Q4 2009
Deposit mix
95%Interest-bearing $58.5M5%Noninterest $2.8MQ4 2008Q4 2009

NIM

7.06%Q4 ’075.46%Q4 ’085.40%Q4 ’09-19%+30%

Non-interest income vs. expense

3.59%Q4 ’073.37%Q4 ’085.37%Q4 ’09+3%+59%

Executive Summary

  • Earnings: ROA of -2.21%, down 26 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 84.07% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

-2.21%-26 bps YoY

Net Interest Margin (quarter, annualized)

3.14%+73 bps YoY

Efficiency Ratio (quarter, annualized)

154.12%+2,509 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-1.95%0.01%-0.88%-0.13%-2.21%-26 bps
Return on Equity-28.43%0.17%-12.77%-1.90%-32.91%-448 bps
Net Interest Margin2.41%2.50%2.69%2.99%3.14%+73 bps
Efficiency Ratio129.03%93.68%129.17%104.12%154.12%+2,509 bps
Non-Interest Burden3.17%2.31%3.53%3.12%5.03%+186 bps
Growth
Asset Growth (YoY)0.17%-5.26%-3.20%-8.54%-3.46%-362 bps
Loan Growth (YoY)2.65%-4.67%-5.92%-7.83%-10.55%-1,320 bps
Deposit Growth (YoY)0.53%-1.34%6.08%-2.69%0.66%+13 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.08%0.71%0.15%0.60%0.01%+9 bps
Allowance / Loans1.08%1.00%1.00%0.86%1.00%-8 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 Capital10.05%10.38%10.16%10.02%9.63%-42 bps
Equity / Assets6.75%7.05%6.80%7.05%6.40%-36 bps
Liquidity & Funding
Loans / Deposits94.60%90.55%87.55%89.70%84.07%-1,053 bps
Liquid Assets / Assets1.09%1.72%0.97%1.08%0.12%-97 bps
CRE / Total Capitaln/an/an/an/an/an/an/a