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Bank of Parrish

Parrish, AL · Cert 63

FDIC

Q1 2002

$21.9MAssets
$6.0MLoans
$18.8MDeposits
$3.0MEquity
Deposit mix
86%Interest-bearing $16.1M14%Noninterest $2.7MQ1 2001Q1 2002

NIM

6.54%Q1 ’015.66%Q1 ’02+8%

Non-interest income vs. expense

3.04%Q1 ’012.56%Q1 ’02-17%

Executive Summary

  • Earnings: ROA of 1.36%, up 87 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.87%.
  • Funding: loans stand at 31.70% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

1.36%+87 bps YoY

Net Interest Margin (quarter, annualized)

3.56%+26 bps YoY

Efficiency Ratio (quarter, annualized)

64.38%-1,663 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets0.49%0.91%1.04%-1.60%1.36%+87 bps
Return on Equityn/a6.42%7.12%-10.88%9.56%n/a
Net Interest Margin3.30%3.49%3.64%3.43%3.56%+26 bps
Efficiency Ratio81.02%71.04%68.70%146.58%64.38%-1,663 bps
Non-Interest Burden2.59%2.35%2.35%5.25%2.15%-45 bps
Growth
Asset Growth (YoY)4.69%-0.97%-1.91%-1.37%-2.06%-675 bps
Loan Growth (YoY)-3.92%-15.27%-22.87%-22.74%-17.20%-1,328 bps
Deposit Growth (YoY)7.15%0.25%-0.93%-1.12%-1.66%-880 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%0.96%-0.06%-0.06%0.87%+82 bps
Allowance / Loans0.68%0.49%0.54%0.57%0.37%-31 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 Capital31.13%31.44%33.85%33.82%34.40%+327 bps
Equity / Assets14.10%14.35%14.92%14.49%13.91%-19 bps
Liquidity & Funding
Loans / Deposits37.65%35.14%33.63%33.39%31.70%-595 bps
Liquid Assets / Assets33.71%30.27%24.12%18.33%15.71%-1,800 bps
CRE / Total Capitaln/an/an/an/an/an/an/a