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American Southern Bank

Roswell, GA · Cert 57943

FDIC

Q1 2009

$106.0MAssets
$62.9MLoans
$105.9MDeposits
$-307KEquity
Loan mix
95%RE $35.6M5%C&I $2.0M0%Consumer $0.0MQ1 2008Q1 2009
Deposit mix
98%Interest-bearing $104.0M2%Noninterest $1.9MQ1 2008Q1 2009

NIM

9.22%Q1 ’076.03%Q1 ’083.69%Q1 ’09-64%-104%

Non-interest income vs. expense

4.15%Q1 ’073.31%Q1 ’083.16%Q1 ’09-14%+2%

Executive Summary

  • Earnings: ROA of -3.11%, down 201 bps year over year; NIM at -0.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 59.34% of deposits as of Q1 2009.

Financial Results

Return on Assets (YTD, annualized)

-3.11%-201 bps YoY

Net Interest Margin (YTD, annualized)

-0.09%-218 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets-1.10%-3.10%-3.37%-4.13%-3.11%-201 bps
Return on Equity-7.45%-22.38%-27.65%-38.22%-92.93%-8,548 bps
Net Interest Margin2.10%1.75%1.16%0.88%-0.09%-218 bps
Efficiency Ratio139.90%194.53%276%371%n/an/a
Non-Interest Burden3.04%3.58%3.45%3.20%3.10%+5 bps
Growth
Asset Growth (YoY)34.80%25.62%55.21%62.89%54.32%+1,953 bps
Loan Growth (YoY)33.11%23.55%28.60%23.55%14.17%-1,894 bps
Deposit Growth (YoY)49.79%36.05%71.65%78.89%81.57%+3,178 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%2.51%2.48%3.07%0.00%0 bps
Allowance / Loans2.83%2.10%1.23%1.26%3.11%+28 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 Capital16.50%14.42%11.25%9.33%-0.47%-1,697 bps
Equity / Assets14.53%12.26%8.69%6.84%-0.29%-1,481 bps
Liquidity & Funding
Loans / Deposits94.37%86.45%73.59%63.36%59.34%-3,503 bps
Liquid Assets / Assets0.00%0.00%8.23%2.08%4.83%+483 bps
CRE / Total Capitaln/an/an/an/an/an/an/a