PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bankmeridian, NA

Columbia, SC · Cert 58222

FDIC

Q2 2011

$232.6MAssets
$160.3MLoans
$209.7MDeposits
$1.7MEquity
Loan mix
92%RE $124.1M8%C&I $10.8M0%Consumer $0.6MQ2 2010Q2 2011
Deposit mix
95%Interest-bearing $200.2M5%Noninterest $9.5MQ2 2010Q2 2011

NIM

4.82%Q2 ’094.48%Q2 ’103.74%Q2 ’11+25%-18%

Non-interest income vs. expense

2.37%Q2 ’092.70%Q2 ’104.09%Q2 ’11+4%+82%

Executive Summary

  • Earnings: ROA of -5.38%, down 416 bps year over year; NIM at 2.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.25%.
  • Funding: loans stand at 76.42% of deposits as of Q2 2011.

Financial Results

Return on Assets (YTD, annualized)

-5.38%-416 bps YoY

Net Interest Margin (YTD, annualized)

2.08%-46 bps YoY

Efficiency Ratio (YTD, annualized)

246%+14,861 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-1.22%-3.43%-4.51%-7.72%-5.38%-416 bps
Return on Equity-17.95%-53.99%-78.36%-357%-317%-29,896 bps
Net Interest Margin2.54%2.70%2.60%2.14%2.08%-46 bps
Efficiency Ratio97.54%123.29%146.26%201%246%+14,861 bps
Non-Interest Burden2.47%3.24%3.60%3.97%4.51%+204 bps
Growth
Asset Growth (YoY)2.05%-8.08%-8.88%-21.04%-18.97%-2,103 bps
Loan Growth (YoY)-9.03%-16.88%-20.24%-22.71%-25.82%-1,678 bps
Deposit Growth (YoY)12.52%1.77%-2.75%-16.10%-12.91%-2,543 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.37%3.44%4.30%5.28%4.25%+287 bps
Allowance / Loans2.79%3.59%4.30%5.28%5.13%+234 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 Capital10.06%8.06%5.67%3.18%1.94%-812 bps
Equity / Assets6.69%4.94%3.03%1.24%0.71%-598 bps
Liquidity & Funding
Loans / Deposits89.72%85.95%82.99%81.70%76.42%-1,330 bps
Liquid Assets / Assets4.92%8.47%8.71%7.45%11.01%+609 bps
CRE / Total Capitaln/an/an/an/an/an/an/a