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Jones County Bank

Haddock, GA · Cert 11294

FDIC

Q1 2008

$4.9MAssets
$1.6MLoans
$4.5MDeposits
$420KEquity
Deposit mix
65%Interest-bearing $2.9M35%Noninterest $1.6MQ1 2007Q1 2008

NIM

5.42%Q1 ’065.40%Q1 ’074.57%Q1 ’08-1%-17%

Non-interest income vs. expense

7.33%Q1 ’067.20%Q1 ’075.69%Q1 ’08-1%-26%

Executive Summary

  • Earnings: ROA of -0.48%, up 82 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 35.37% of deposits as of Q1 2008.

Financial Results

Return on Assets (YTD, annualized)

-0.48%+82 bps YoY

Net Interest Margin (YTD, annualized)

4.09%-82 bps YoY

Efficiency Ratio (YTD, annualized)

107.58%-1,134 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets-1.31%-0.70%-0.36%0.14%-0.48%+82 bps
Return on Equity-15.57%-8.33%-4.25%1.70%-5.67%+990 bps
Net Interest Margin4.91%4.75%4.67%4.89%4.09%-82 bps
Efficiency Ratio118.92%110.34%105.07%96.86%107.58%-1,134 bps
Non-Interest Burden6.06%5.35%4.96%4.71%4.49%-157 bps
Growth
Asset Growth (YoY)-5.29%-5.21%-5.54%1.12%0.86%+614 bps
Loan Growth (YoY)-6.57%-6.34%-9.59%-7.47%-4.03%+254 bps
Deposit Growth (YoY)-6.17%-5.80%-6.31%1.07%0.56%+673 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.48%1.45%0.93%0.80%0.00%-48 bps
Allowance / Loans1.44%0.85%0.95%0.80%0.88%-57 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 Capital18.72%18.03%19.54%18.77%19.71%+99 bps
Equity / Assets8.24%8.28%8.57%8.57%8.51%+27 bps
Liquidity & Funding
Loans / Deposits37.06%37.16%36.54%35.97%35.37%-169 bps
Liquid Assets / Assets23.59%23.71%24.28%15.17%15.28%-831 bps
CRE / Total Capitaln/an/an/an/an/an/an/a