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Southern Bank & Trust

Aiken, SC · Cert 58327

FDIC

Q3 2011

$185.8MAssets
$111.8MLoans
$167.1MDeposits
$15.1MEquity
Loan mix
88%RE $79.9M10%C&I $9.4M1%Consumer $1.3MQ3 2010Q3 2011
Deposit mix
92%Interest-bearing $153.9M8%Noninterest $13.2MQ3 2010Q3 2011

NIM

4.35%Q4 ’104.46%Q2 ’114.33%Q3 ’11+15%-2%

Non-interest income vs. expense

2.20%Q4 ’102.16%Q2 ’112.16%Q3 ’11+2%+3%

Executive Summary

  • Earnings: ROA of 0.31%, up 7 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.64%.
  • Funding: loans stand at 66.89% of deposits as of Q3 2011.

Financial Results

Return on Assets (YTD, annualized)

0.31%+7 bps YoY

Net Interest Margin (YTD, annualized)

3.20%

Efficiency Ratio (YTD, annualized)

61.04%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets0.24%0.23%0.31%0.32%0.31%+7 bps
Return on Equityn/an/a3.95%4.06%3.93%n/a
Net Interest Marginn/a2.86%3.15%3.28%3.20%n/a
Efficiency Ration/a66.02%61.16%58.90%61.04%n/a
Non-Interest Burdenn/a1.73%1.78%1.77%1.82%n/a
Growth
Asset Growth (YoY)9.98%15.95%10.29%4.61%2.60%-738 bps
Loan Growth (YoY)-9.11%-7.82%-6.85%-5.16%-4.30%+481 bps
Deposit Growth (YoY)11.45%17.78%11.60%6.25%3.91%-755 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.87%0.54%0.56%0.64%n/a
Allowance / Loansn/a2.10%2.34%2.69%2.85%n/a
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 Capitaln/a13.10%13.37%13.62%13.82%n/a
Equity / Assetsn/a7.80%7.78%8.15%8.12%n/a
Liquidity & Funding
Loans / Deposits72.63%71.70%69.73%69.01%66.89%-573 bps
Liquid Assets / Assets0.00%12.21%11.74%12.00%9.71%+971 bps
CRE / Total Capitaln/an/an/an/an/an/an/a