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Letter portraitLegal landscapeQuarterYTD

Cohutta Banking Company, The

Chatsworth, GA · Cert 11660

FDIC

Q2 2008

$253.3MAssets
$188.6MLoans
$215.4MDeposits
$20.8MEquity
Loan mix
70%RE $106.1M29%C&I $44.5M0%Consumer $0.4MQ2 2007Q2 2008
Deposit mix
94%Interest-bearing $201.7M6%Noninterest $13.8MQ2 2007Q2 2008

NIM

6.53%Q2 ’066.83%Q2 ’075.77%Q2 ’08-11%-8%

Non-interest income vs. expense

3.38%Q2 ’063.16%Q2 ’073.20%Q2 ’08-4%-2%

Executive Summary

  • Earnings: ROA of 1.01%, up 19 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.21%.
  • Funding: loans stand at 87.53% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

1.01%+19 bps YoY

Net Interest Margin (YTD, annualized)

3.60%-33 bps YoY

Efficiency Ratio (YTD, annualized)

70.03%+421 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.82%0.93%1.02%0.93%1.01%+19 bps
Return on Equity10.19%11.51%12.59%11.14%12.12%+193 bps
Net Interest Margin3.93%3.92%3.90%3.66%3.60%-33 bps
Efficiency Ratio65.82%66.38%66.13%70.59%70.03%+421 bps
Non-Interest Burden2.29%2.31%2.27%2.29%2.24%-6 bps
Growth
Asset Growth (YoY)9.23%10.46%1.29%-1.51%-2.43%-1,166 bps
Loan Growth (YoY)9.82%11.68%4.31%2.13%-1.46%-1,128 bps
Deposit Growth (YoY)16.61%11.57%1.45%-6.25%-4.28%-2,089 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%-0.01%-0.01%-0.03%0.21%+23 bps
Allowance / Loans1.43%1.33%1.26%1.17%0.97%-46 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 Capital10.78%10.72%11.28%10.41%10.87%+9 bps
Equity / Assets7.94%8.03%8.41%8.35%8.22%+28 bps
Liquidity & Funding
Loans / Deposits85.02%87.41%85.82%89.55%87.53%+251 bps
Liquid Assets / Assets0.00%0.38%0.32%0.27%0.24%+24 bps
CRE / Total Capitaln/an/an/an/an/an/an/a