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Bank of Alamo, The

Alamo, TN · Cert 9961

FDIC

Q3 2002

$58.5MAssets
$46.3MLoans
$52.2MDeposits
$-674KEquity
Deposit mix
91%Interest-bearing $47.5M9%Noninterest $4.6MQ3 2001Q3 2002

NIM

8.73%Q1 ’018.07%Q3 ’015.80%Q3 ’02+5%-15%

Non-interest income vs. expense

2.11%Q1 ’012.47%Q3 ’014.70%Q3 ’02-50%+394%

Executive Summary

  • Earnings: ROA of -35.40%, down 3,814 bps year over year; NIM at 3.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 23.83%.
  • Funding: loans stand at 88.71% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

-35.40%-3,814 bps YoY

Net Interest Margin (quarter, annualized)

3.23%-56 bps YoY

Efficiency Ratio (quarter, annualized)

137.85%+9,175 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets2.74%-2.49%-4.19%-3.11%-35.40%-3,814 bps
Return on Equity33.88%-31.26%-56.38%-43.46%-1057%-109,054 bps
Net Interest Margin3.80%1.36%3.46%3.15%3.23%-56 bps
Efficiency Ratio46.10%270%66.62%89.34%137.85%+9,175 bps
Non-Interest Burden0.92%3.03%2.16%2.80%4.52%+361 bps
Growth
Asset Growth (YoY)6.50%-3.60%-9.07%-15.53%-30.09%-3,659 bps
Loan Growth (YoY)10.14%7.77%-6.70%-13.22%-26.60%-3,674 bps
Deposit Growth (YoY)6.90%-0.72%-7.38%-14.32%-23.60%-3,051 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.96%0.15%0.43%2.19%23.83%+2,288 bps
Allowance / Loans1.35%1.69%3.58%4.25%10.78%+943 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 Capital11.05%10.64%10.15%9.59%-1.83%-1,288 bps
Equity / Assets8.21%7.68%7.15%7.17%-1.15%-936 bps
Liquidity & Funding
Loans / Deposits92.33%92.34%91.15%95.48%88.71%-362 bps
Liquid Assets / Assets0.22%0.68%0.70%0.26%0.50%+29 bps
CRE / Total Capitaln/an/an/an/an/an/an/a