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First Southern Bank

Batesville, AR · Cert 58052

FDIC

Q3 2010

$191.8MAssets
$127.8MLoans
$155.8MDeposits
$19.3MEquity
Loan mix
78%RE $67.3M21%C&I $18.3M1%Consumer $0.8MQ4 2008Q3 2010
Deposit mix
95%Interest-bearing $148.5M5%Noninterest $7.3MQ4 2008Q3 2010

Executive Summary

  • Earnings: ROA of 0.44%, up 29 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.78%.
  • Funding: loans stand at 82.02% of deposits as of Q3 2010.

Return on Assets (YTD, annualized)

0.44%+29 bps YoY

Net Interest Margin (YTD, annualized)

3.33%-4 bps YoY

Efficiency Ratio (YTD, annualized)

76.91%+1,238 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.26%Q3 ’085.20%Q3 ’094.74%Q3 ’10-1%-1%

Non-interest income vs. expense

2.66%Q3 ’082.29%Q3 ’092.65%Q3 ’10-16%+20%

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets0.39%0.58%0.59%0.15%1-0.09%0.30%0.50%0.44%+29 bps
Return on Equity2.74%4.71%4.82%1.24%-0.79%3.08%5.36%4.61%+336 bps
Net Interest Margin3.14%3.24%3.42%3.37%3.35%3.68%3.64%3.33%-4 bps
Efficiency Ratio74.81%65.08%62.88%64.53%72.73%85.16%80.09%76.91%+1,238 bps
Non-Interest Burden2.32%2.05%2.08%2.11%2.40%3.11%2.89%2.54%+43 bps
Growth
Asset Growth (YoY)22.44%31.02%28.26%36.37%24.30%29.42%40.82%60.33%+2,397 bps
Loan Growth (YoY)15.74%31.94%33.16%34.62%25.35%29.86%30.82%34.98%+36 bps
Deposit Growth (YoY)29.39%34.41%32.73%39.25%20.84%27.25%33.59%51.98%+1,273 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.04%0.02%0.12%0.86%0.42%0.18%0.78%+65 bps
Allowance / Loans1.09%1.11%1.24%2.20%1.93%1.72%1.72%1.24%-96 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital16.57%15.58%15.68%15.06%14.83%13.34%12.18%15.16%+10 bps
Equity / Assets12.50%12.02%12.21%11.09%10.16%9.37%8.66%10.04%-105 bps
Liquidity & Funding
Loans / Deposits86.62%87.04%95.55%92.35%89.85%88.83%93.57%82.02%-1,033 bps
Liquid Assets / Assets10.31%10.55%7.46%3.35%0.15%10.75%11.43%0.12%-324 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a