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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

8.00%Q3 ’075.60%Q3 ’083.81%Q3 ’09-48%-81%

Non-interest income vs. expense

2.19%Q3 ’072.51%Q3 ’086.28%Q3 ’09+8%+126%

Executive Summary

  • Earnings: ROA of -11.26%, down 1,139 bps year over year; NIM at 0.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 13.71%.
  • Funding: loans stand at 80.81% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

-11.26%-1,139 bps YoY

Net Interest Margin (quarter, annualized)

0.34%-143 bps YoY

Efficiency Ratio (quarter, annualized)

372%+25,206 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets0.13%-5.95%-0.29%-12.93%-11.26%-1,139 bps
Return on Equity1.63%-84.37%-4.43%-273%-665%-66,684 bps
Net Interest Margin1.77%0.98%0.93%0.42%0.34%-143 bps
Efficiency Ratio119.49%202%169.10%327%372%+25,206 bps
Non-Interest Burden2.18%1.99%1.64%2.22%4.93%+275 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 / Loans0.00%0.60%1.32%4.54%13.71%+1,371 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