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Letter portraitLegal landscapeQuarterYTD

Peoples Bank and Trust Company, The

Selma, AL · Cert 860

FDIC

Q3 2007

$938.2MAssets
$643.9MLoans
$799.0MDeposits
$83.9MEquity
Loan mix
76%RE $321.4M24%C&I $100.7M0%Consumer $1.0MQ3 2006Q3 2007
Deposit mix
90%Interest-bearing $719.0M10%Noninterest $80.0MQ3 2006Q3 2007

NIM

5.52%Q3 ’056.48%Q3 ’066.79%Q3 ’07-1%+1%

Non-interest income vs. expense

3.23%Q3 ’053.05%Q3 ’062.85%Q3 ’07-4%-39%

Executive Summary

  • Earnings: ROA of 1.14%, up 19 bps year over year; NIM at 3.48%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.63%.
  • Funding: loans stand at 80.59% of deposits as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

1.14%+19 bps YoY

Net Interest Margin (quarter, annualized)

3.48%+4 bps YoY

Efficiency Ratio (quarter, annualized)

54.98%-1,168 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets0.95%0.69%1.10%0.50%1.14%+19 bps
Return on Equity10.44%7.66%12.25%5.63%12.83%+239 bps
Net Interest Margin3.44%3.40%3.28%3.46%3.48%+4 bps
Efficiency Ratio66.66%72.39%64.53%79.17%54.98%-1,168 bps
Non-Interest Burden1.95%2.16%1.65%2.71%1.19%-76 bps
Growth
Asset Growth (YoY)9.73%12.27%12.64%7.71%6.80%-292 bps
Loan Growth (YoY)22.11%27.51%18.74%13.66%8.73%-1,338 bps
Deposit Growth (YoY)8.89%11.72%13.99%8.52%7.46%-144 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.14%-0.02%0.02%0.63%+56 bps
Allowance / Loans1.03%1.01%1.05%1.08%1.08%+5 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 Capital12.50%12.04%11.88%11.36%11.74%-76 bps
Equity / Assets9.17%8.92%8.98%8.88%8.95%-22 bps
Liquidity & Funding
Loans / Deposits79.65%82.17%81.51%83.91%80.59%+94 bps
Liquid Assets / Assets2.77%0.44%4.60%3.71%3.97%+120 bps
CRE / Total Capitaln/an/an/an/an/an/an/a