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Letter portraitLegal landscapeQuarterYTD

First National Bank of Georgia

Buchanan, GA · Cert 11292

FDIC

Q2 2007

$211.1MAssets
$139.2MLoans
$180.8MDeposits
$19.0MEquity
Deposit mix
88%Interest-bearing $159.5M12%Noninterest $21.3MQ2 2006Q2 2007

NIM

5.46%Q2 ’056.19%Q2 ’066.58%Q2 ’07+1%-14%

Non-interest income vs. expense

3.60%Q2 ’053.76%Q2 ’064.64%Q2 ’07+2%-10%

Executive Summary

  • Earnings: ROA of 0.90%, down 24 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 76.98% of deposits as of Q2 2007.

Financial Results

Return on Assets (YTD, annualized)

0.90%-24 bps YoY

Net Interest Margin (YTD, annualized)

3.30%-56 bps YoY

Efficiency Ratio (YTD, annualized)

78.19%+853 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.14%1.12%1.10%2.20%0.90%-24 bps
Return on Equity11.92%11.65%11.55%23.71%9.80%-211 bps
Net Interest Margin3.85%3.77%3.50%3.21%3.30%-56 bps
Efficiency Ratio69.66%69.89%70.96%53.37%78.19%+853 bps
Non-Interest Burden2.21%2.17%2.06%0.07%2.00%-21 bps
Growth
Asset Growth (YoY)5.40%6.48%10.86%8.92%4.48%-92 bps
Loan Growth (YoY)7.42%11.07%14.27%8.17%4.59%-283 bps
Deposit Growth (YoY)8.33%2.57%7.34%6.10%2.87%-546 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.08%0.12%0.04%0.26%+21 bps
Allowance / Loans1.34%1.28%1.22%1.23%1.10%-24 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 Capital16.30%16.18%15.09%16.22%14.90%-140 bps
Equity / Assets9.52%9.78%8.94%9.61%8.99%-54 bps
Liquidity & Funding
Loans / Deposits75.72%81.80%76.29%76.34%76.98%+127 bps
Liquid Assets / Assets0.04%0.27%2.26%2.07%1.11%+107 bps
CRE / Total Capitaln/an/an/an/an/an/an/a