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American United Bank

Lawrenceville, GA · Cert 57794

FDIC

Q3 2009

$110.1MAssets
$82.7MLoans
$102.4MDeposits
$393KEquity
Loan mix
91%RE $66.8M9%C&I $6.3M0%Consumer $0.1MQ3 2008Q3 2009
Deposit mix
98%Interest-bearing $100.8M2%Noninterest $1.5MQ3 2008Q3 2009

NIM

7.05%Q3 ’075.65%Q3 ’084.27%Q3 ’09-42%-67%

Non-interest income vs. expense

2.21%Q3 ’072.19%Q3 ’083.59%Q3 ’09+7%+48%

Executive Summary

  • Earnings: ROA of -8.05%, down 753 bps year over year; NIM at 0.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 6.65%.
  • Funding: loans stand at 80.81% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

-8.05%-753 bps YoY

Net Interest Margin (YTD, annualized)

0.58%-118 bps YoY

Efficiency Ratio (YTD, annualized)

300%+18,741 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-0.52%-1.98%-0.29%-6.53%-8.05%-753 bps
Return on Equity-6.09%-24.50%-4.43%-122.35%-194.68%-18,858 bps
Net Interest Margin1.76%1.45%0.93%0.68%0.58%-118 bps
Efficiency Ratio112.99%126.95%169.10%237%300%+18,741 bps
Non-Interest Burden2.01%1.88%1.64%1.95%2.98%+97 bps
Growth
Asset Growth (YoY)28.24%13.36%10.07%8.87%-6.89%-3,513 bps
Loan Growth (YoY)32.46%22.28%18.43%10.96%-2.59%-3,505 bps
Deposit Growth (YoY)29.03%18.43%14.44%23.36%5.73%-2,331 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%0.24%1.32%2.94%6.65%+653 bps
Allowance / Loans1.50%2.98%2.75%5.43%4.57%+307 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 Capital10.79%8.93%8.68%5.08%1.16%-962 bps
Equity / Assets7.61%6.49%6.39%3.01%0.36%-725 bps
Liquidity & Funding
Loans / Deposits87.71%87.14%87.61%86.48%80.81%-690 bps
Liquid Assets / Assets0.13%0.00%0.00%0.00%0.00%-13 bps
CRE / Total Capitaln/an/an/an/an/an/an/a