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State Bank and Trust Company

Cleveland, MS · Cert 8878

FDIC · 35 branches

Q1 2020

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: Q1 2020, the quarter ended March 31, 2020, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

State Bank and Trust Company

Cleveland, MS · Cert 8878

FDIC · 35 branches

Q1 2020

$1.2BAssets
$899.5MLoans
$1.0BDeposits
$127.0MEquity
Loan mix
88%RE $616.7M9%C&I $59.8M3%Consumer $21.2MQ1 2019Q1 2020
Deposit mix
86%Interest-bearing $877.3M14%Noninterest $141.0MQ1 2019Q1 2020

NIM

4.06%Q1 ’184.24%Q1 ’194.31%Q1 ’20-6%+3%

Non-interest income vs. expense

2.87%Q1 ’182.70%Q1 ’196.05%Q1 ’20-8%+162%

Market Position · Jackson, MS · 2019 SOD (annual) · 1.2% share · #15 of 29 inst. · $0.2B of $14.0B

20.6% Lincoln
2.0% Hinds
21.9% Geneva
1.0% St. Tammany

Executive Summary

  • Earnings: ROA of -1.16%, down 196 bps year over year; NIM at 3.41%.
  • Asset quality: problem loans at 0.31% of loans (-6 bps YoY), with net charge-offs at 0.28%.
  • Capital: tier 1 leverage ratio of 8.70%, up 5 bps from a year ago.
  • Funding: loans stand at 88.33% of deposits as of Q1 2020.

Financial Results

Return on Assets (YTD, annualized)

-1.16%-196 bps YoY

Net Interest Margin (YTD, annualized)

3.41%+11 bps YoY

Efficiency Ratio (YTD, annualized)

154.27%+8,439 bps YoY

Tier 1 Leverage Ratio

8.70%+5 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020YoY ΔTrend
Earnings
Return on Assets0.80%0.84%0.92%0.95%-1.16%-196 bps
Return on Equity7.54%7.78%8.47%8.66%-10.40%-1,794 bps
Net Interest Margin3.30%3.38%3.44%3.47%3.41%+11 bps
Efficiency Ratio69.88%70.47%68.69%68.48%154.27%+8,439 bps
Non-Interest Burden2.09%2.15%2.12%2.13%5.47%+338 bps
Growth
Asset Growth (YoY)2.58%2.70%1.25%-2.37%0.55%-203 bps
Loan Growth (YoY)-1.22%0.12%0.17%3.82%3.57%+480 bps
Deposit Growth (YoY)3.12%3.21%2.04%-2.00%1.56%-156 bps
Asset Quality
Nonperforming Loans / Loans0.37%0.41%0.34%0.30%0.31%-6 bps
Net Charge-Offs / Loans0.11%-0.03%0.07%0.13%0.28%+18 bps
Allowance / Loans1.00%1.03%0.96%0.87%0.81%-19 bps
Allowance Coverage of NPLs2.7x2.5x2.8x2.9x2.6x-0.1x
Capital
Tier 1 Leverage Ratio8.66%8.89%9.16%9.34%8.70%+5 bps
Total Risk-Based Capital11.88%11.97%12.06%12.08%11.28%-60 bps
Equity / Assets10.80%11.01%11.31%11.40%10.85%+5 bps
Liquidity & Funding
Loans / Deposits86.62%88.28%89.15%90.60%88.33%+172 bps
Liquid Assets / Assets0.11%0.20%1.11%1.01%0.15%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a