Southern Bank & Trust

Aiken, SC · Cert 58327

FDIC

Q3 2011

$185.8MAssets

$111.8MLoans

$167.1MDeposits

$15.1MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 0.30%, up 6 bps year over year; NIM at 3.12%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.78%.
Funding: loans stand at 66.89% of deposits as of Q3 2011.

Return on Assets (quarter, annualized)

0.30%+6 bps YoY

Net Interest Margin (quarter, annualized)

3.12%

Efficiency Ratio (quarter, annualized)

65.64%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 2009	Q1 2010	Q2 2010	Q3 2010	Q4 2010	Q1 2011	Q2 2011	Q3 2011	YoY Δ	Trend
Earnings
Return on Assets	0.07%	0.27%	0.27%	0.24%	0.22%	0.31%	0.33%	0.30%	+6 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	3.95%	4.18%	3.67%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	2.85%	3.15%	3.39%	3.12%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	66.02%	61.16%	56.81%	65.64%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	1.78%	1.75%	1.96%	n/a
Growth
Asset Growth (YoY)	29.15%	13.26%	13.93%	9.98%	15.95%	10.29%	4.61%	2.60%	-738 bps
Loan Growth (YoY)	17.06%	7.38%	-5.37%	-9.11%	-7.82%	-6.85%	-5.16%	-4.30%	+481 bps
Deposit Growth (YoY)	34.58%	19.73%	15.71%	11.45%	17.78%	11.60%	6.25%	3.91%	-755 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.90%	0.54%	0.57%	0.78%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	2.10%	2.34%	2.69%	2.85%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	13.10%	13.37%	13.62%	13.82%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	7.80%	7.78%	8.15%	8.12%	n/a
Liquidity & Funding
Loans / Deposits	91.60%	83.54%	77.31%	72.63%	71.70%	69.73%	69.01%	66.89%	-573 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	12.21%	11.74%	12.00%	9.71%	+971 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a