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Alabama Banker's Bank

Birmingham, AL · Cert 57840

FDIC

Q4 2010

$224.4MAssets
$150.3MLoans
$74.5MDeposits
$38.2MEquity
Deposit mix
0%Interest-bearing $0.0M100%Noninterest $74.5MQ4 2009Q4 2010

NIM

4.19%Q4 ’082.01%Q4 ’092.99%Q4 ’10-43%+54%

Non-interest income vs. expense

1.87%Q4 ’081.10%Q4 ’091.18%Q4 ’10-45%-12%

Executive Summary

  • Earnings: ROA of -0.88%, down 88 bps year over year; NIM at 2.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 6.60%.
  • Funding: loans stand at 201.71% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

-0.88%-88 bps YoY

Net Interest Margin (quarter, annualized)

2.89%+101 bps YoY

Efficiency Ratio (quarter, annualized)

36.70%-1,827 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets0.00%0.21%0.26%0.35%-0.88%-88 bps
Return on Equity0.01%1.87%1.84%2.20%-5.47%-548 bps
Net Interest Margin1.88%2.06%2.45%3.16%2.89%+101 bps
Efficiency Ratio54.97%48.38%55.55%51.89%36.70%-1,827 bps
Non-Interest Burden0.98%0.89%1.19%1.49%0.86%-12 bps
Growth
Asset Growth (YoY)35.92%-34.74%-50.22%-33.87%-43.89%-7,981 bps
Loan Growth (YoY)-4.74%-6.85%-12.77%-10.72%-14.62%-988 bps
Deposit Growth (YoY)487%231%-11.02%9.87%10.80%-47,632 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.51%1.00%3.03%2.28%6.60%+409 bps
Allowance / Loans1.70%2.02%1.72%1.66%1.60%-10 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 Capital18.03%21.57%22.00%22.74%24.12%+609 bps
Equity / Assets9.78%12.66%16.14%15.24%17.02%+724 bps
Liquidity & Funding
Loans / Deposits262%320%268%220%202%-6,006 bps
Liquid Assets / Assets50.61%34.06%27.45%33.97%28.69%-2,191 bps
CRE / Total Capitaln/an/an/an/an/an/an/a