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First State Bank and Trust Company of Valdosta

Valdosta, GA · Cert 10073

FDIC

Q1 2010

$578.1MAssets
$442.4MLoans
$503.3MDeposits
$47.8MEquity
Loan mix
80%RE $261.9M20%C&I $66.8M0%Consumer $0.2MQ2 2008Q1 2010
Deposit mix
83%Interest-bearing $416.7M17%Noninterest $86.6MQ2 2008Q1 2010

Executive Summary

  • Earnings: ROA of 1.46%, down 15 bps year over year; NIM at 3.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 87.90% of deposits as of Q1 2010.

Return on Assets (quarter, annualized)

1.46%-15 bps YoY

Net Interest Margin (quarter, annualized)

3.96%+35 bps YoY

Efficiency Ratio (quarter, annualized)

36.32%+36 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.40%Q1 ’084.90%Q1 ’094.87%Q1 ’10-6%+10%

Non-interest income vs. expense

1.64%Q1 ’081.55%Q1 ’091.69%Q1 ’10-7%+19%

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets1.70%1.83%0.05%1.61%0.42%0.93%1.40%1.46%-15 bps
Return on Equity18.75%21.35%0.57%18.87%4.98%11.39%17.05%17.49%-138 bps
Net Interest Margin3.71%3.74%3.36%3.61%3.71%3.70%3.81%3.96%+35 bps
Efficiency Ratio34.43%34.27%37.41%35.96%41.52%38.47%36.20%36.32%+36 bps
Non-Interest Burden0.83%0.80%0.83%0.84%1.16%1.08%0.99%1.00%+16 bps
Growth
Asset Growth (YoY)10.97%11.34%14.80%14.68%10.54%13.86%6.13%6.64%-803 bps
Loan Growth (YoY)5.35%3.62%8.62%12.04%10.48%12.45%3.85%-1.44%-1,347 bps
Deposit Growth (YoY)10.54%27.79%19.54%30.60%25.86%22.51%19.63%17.27%-1,333 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.00%2.77%-0.10%1.19%0.29%0.31%0.04%+14 bps
Allowance / Loans0.89%0.89%0.91%0.94%1.20%1.50%1.69%1.87%+93 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital10.55%10.61%10.21%10.45%10.76%10.95%11.46%11.52%+107 bps
Equity / Assets8.59%8.58%8.46%8.65%8.19%8.06%8.43%8.27%-38 bps
Liquidity & Funding
Loans / Deposits108.11%98.50%104.88%104.59%94.90%90.41%91.04%87.90%-1,668 bps
Liquid Assets / Assets0.01%0.05%0.01%0.00%0.86%1.45%0.08%0.09%+9 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a