PackageTrendsPeer
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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

4.81%Q2 ’094.54%Q2 ’103.52%Q2 ’11+23%-27%

Non-interest income vs. expense

2.59%Q2 ’092.80%Q2 ’104.37%Q2 ’11-3%+88%

Executive Summary

  • Earnings: ROA of -2.96%, down 170 bps year over year; NIM at 1.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.70%.
  • Funding: loans stand at 76.42% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

-2.96%-170 bps YoY

Net Interest Margin (quarter, annualized)

1.93%-71 bps YoY

Efficiency Ratio (quarter, annualized)

307%+20,816 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-1.26%-8.01%-7.99%-7.72%-2.96%-170 bps
Return on Equity-19.09%-137.23%-199.66%-357%-302%-28,266 bps
Net Interest Margin2.64%2.68%1.91%2.14%1.93%-71 bps
Efficiency Ratio98.53%262%280%201%307%+20,816 bps
Non-Interest Burden2.60%4.46%4.18%3.97%4.88%+228 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 / Loans1.60%7.33%6.18%5.28%2.70%+110 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