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Old Southern Bank

Clermont, FL · Cert 58182

FDIC

Q4 2009

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2009, the quarter ended December 31, 2009, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Old Southern Bank

Clermont, FL · Cert 58182

FDIC

Q4 2009

$336.4MAssets
$275.1MLoans
$319.7MDeposits
$9.0MEquity
Deposit mix
92%Interest-bearing $292.7M8%Noninterest $27.1MQ4 2008Q4 2009

NIM

5.48%Q4 ’074.81%Q4 ’084.48%Q4 ’09-10%-18%

Non-interest income vs. expense

3.90%Q4 ’073.27%Q4 ’083.61%Q4 ’09-16%+7%

Executive Summary

  • Earnings: ROA of -8.89%, down 739 bps year over year; NIM at 1.95%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.88%.
  • Funding: loans stand at 86.03% of deposits as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

-8.89%-739 bps YoY

Net Interest Margin (YTD, annualized)

1.95%-43 bps YoY

Efficiency Ratio (YTD, annualized)

166.76%+3,442 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-1.49%-5.32%-2.82%-2.15%-8.89%-739 bps
Return on Equity-11.13%-51.35%-28.84%-22.28%-106.30%-9,516 bps
Net Interest Margin2.38%1.83%1.64%1.77%1.95%-43 bps
Efficiency Ratio132.34%160.00%126.00%118.63%166.76%+3,442 bps
Non-Interest Burden3.18%3.04%2.11%2.13%3.39%+21 bps
Growth
Asset Growth (YoY)51.82%49.32%61.99%35.90%1.82%-5,001 bps
Loan Growth (YoY)47.18%50.88%45.14%32.34%7.97%-3,920 bps
Deposit Growth (YoY)58.79%59.12%74.46%42.59%8.68%-5,011 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.66%3.84%1.97%1.43%4.88%+423 bps
Allowance / Loans2.11%3.36%3.65%3.88%7.57%+546 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 Capital11.20%10.55%10.02%10.07%1.51%-969 bps
Equity / Assets10.77%10.01%8.76%9.26%2.68%-809 bps
Liquidity & Funding
Loans / Deposits86.60%81.69%76.35%82.80%86.03%-56 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a