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Sunrise Bank of Atlanta

Atlanta, GA · Cert 58211

FDIC

Q2 2010

$52.8MAssets
$36.7MLoans
$47.8MDeposits
$707KEquity
Loan mix
84%RE $24.8M15%C&I $4.4M1%Consumer $0.4MQ2 2009Q2 2010
Deposit mix
91%Interest-bearing $43.3M9%Noninterest $4.5MQ2 2009Q2 2010

NIM

6.57%Q2 ’085.26%Q2 ’094.28%Q2 ’10-23%-10%

Non-interest income vs. expense

4.14%Q2 ’084.24%Q2 ’094.98%Q2 ’10+7%+133%

Executive Summary

  • Earnings: ROA of -12.63%, down 1,194 bps year over year; NIM at 2.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 10.77%.
  • Funding: loans stand at 76.83% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

-12.63%-1,194 bps YoY

Net Interest Margin (YTD, annualized)

2.34%-26 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-0.70%-4.68%-7.10%-7.65%-12.63%-1,194 bps
Return on Equity-6.97%-49.80%-84.74%-163.34%-348%-34,119 bps
Net Interest Margin2.60%2.79%2.80%2.33%2.34%-26 bps
Efficiency Ratio117.97%127.86%139.11%n/an/an/a
Non-Interest Burden3.25%3.75%4.15%9.12%7.56%+431 bps
Growth
Asset Growth (YoY)-1.13%-10.22%-12.11%-3.45%-12.69%-1,156 bps
Loan Growth (YoY)-7.59%-16.57%-17.87%-16.72%-23.69%-1,610 bps
Deposit Growth (YoY)9.54%-5.29%-7.78%2.78%-3.72%-1,326 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.64%0.69%1.98%6.41%10.77%+1,013 bps
Allowance / Loans2.22%3.16%5.97%4.84%7.35%+512 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 Capital11.27%10.32%6.22%8.17%3.20%-807 bps
Equity / Assets10.04%7.43%3.99%5.34%1.34%-870 bps
Liquidity & Funding
Loans / Deposits96.94%95.55%89.26%82.56%76.83%-2,011 bps
Liquid Assets / Assets10.19%9.77%10.61%16.54%22.62%+1,242 bps
CRE / Total Capitaln/an/an/an/an/an/an/a