Courtaulds

Axis, AL · Charter 60861

Q2 2001

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2

Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2001, the quarter ended June 30, 2001, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Axis, AL · Charter 60861

Q2 2001

$19.4MAssets

$15.5MLoans

$16.3MShares

$1.6MNet Worth

Return on Assets (YTD, annualized)

-7.67%-1,125 bps YoY

Net Interest Margin (YTD, annualized)

5.15%

Efficiency Ratio (YTD, annualized)

88.90%

Net Worth / Assets

8.44%

Year to date, annualized, through each quarter.

Metric	Q4 1997	Q2 1998	Q4 1998	Q2 1999	Q4 1999	Q2 2000	Q4 2000	Q2 2001	YoY Δ	Trend
Earnings
Return on Assets	4.59%	4.44%	4.13%	3.57%	0.50%	0.25%	-0.08%	-7.67%	-1,125 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	-0.65%	-90.86%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	5.15%	4.72%	4.71%	5.15%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	89.16%	88.94%	95.10%	88.90%	n/a
Growth
Asset Growth (YoY)	12.27%	5.23%	2.52%	-2.57%	-11.13%	-16.56%	-14.25%	-15.69%	-1,312 bps
Loan Growth (YoY)	20.16%	4.14%	-12.02%	-14.52%	-20.28%	-16.11%	-6.98%	-11.12%	+340 bps
Share Growth (YoY)	11.98%	7.14%	1.59%	-3.84%	-13.86%	-22.75%	-16.50%	-20.16%	-1,632 bps
Asset Quality
Delinquent Loans / Loans	2.06%	2.36%	2.32%	0.81%	0.42%	0.48%	0.84%	2.14%	+133 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.93%	0.64%	1.02%	1.02%	0.92%	0.94%	0.97%	5.49%	+447 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	11.63%	8.44%	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	11.63%	8.44%	n/a
Liquidity & Funding
Loans / Shares	95.28%	89.47%	85.08%	85.41%	88.18%	97.15%	94.78%	95.08%	+967 bps
Liquid Assets / Assets	4.46%	12.65%	17.09%	18.74%	14.57%	10.75%	10.18%	12.04%	-670 bps