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Mississippi Southern Bank

Port Gibson, MS · Cert 8551

FDIC

Q3 2002

$47.6MAssets
$17.8MLoans
$42.9MDeposits
$4.5MEquity
Deposit mix
82%Interest-bearing $35.2M18%Noninterest $7.6MQ3 2001Q3 2002

NIM

7.75%Q1 ’017.14%Q3 ’016.41%Q3 ’02-7%+3%

Non-interest income vs. expense

3.08%Q1 ’012.85%Q3 ’013.39%Q3 ’02-15%+35%

Executive Summary

  • Earnings: ROA of 2.10%, down 32 bps year over year; NIM at 4.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.56%.
  • Funding: loans stand at 41.45% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

2.10%-32 bps YoY

Net Interest Margin (quarter, annualized)

4.60%+15 bps YoY

Efficiency Ratio (quarter, annualized)

62.68%+968 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets2.42%0.36%2.19%2.30%2.10%-32 bps
Return on Equity22.56%3.56%22.93%24.31%22.38%-18 bps
Net Interest Margin4.44%4.77%4.71%4.50%4.60%+15 bps
Efficiency Ratio52.99%59.69%59.76%61.07%62.68%+968 bps
Non-Interest Burden1.91%2.37%2.51%2.43%2.58%+67 bps
Growth
Asset Growth (YoY)4.48%5.49%2.80%10.97%13.66%+918 bps
Loan Growth (YoY)10.83%5.82%-9.11%-5.48%-3.21%-1,404 bps
Deposit Growth (YoY)3.41%5.24%3.35%12.01%15.31%+1,190 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.25%0.10%-0.14%0.56%+52 bps
Allowance / Loans3.11%4.36%4.67%4.42%4.01%+90 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 Capital17.48%16.36%17.63%16.81%16.41%-108 bps
Equity / Assets10.72%9.59%9.55%9.36%9.43%-129 bps
Liquidity & Funding
Loans / Deposits49.38%47.67%43.48%41.54%41.45%-793 bps
Liquid Assets / Assets2.65%2.31%2.08%1.70%1.17%-148 bps
CRE / Total Capitaln/an/an/an/an/an/an/a