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Letter portraitLegal landscapeQuarterYTD

Tattnall Bank, The

Reidsville, GA · Cert 12080

FDIC

Q3 2009

$49.6MAssets
$34.6MLoans
$47.1MDeposits
$796KEquity
Deposit mix
89%Interest-bearing $42.0M11%Noninterest $5.1MQ3 2008Q3 2009

NIM

7.81%Q3 ’076.82%Q3 ’086.12%Q3 ’09-23%-13%

Non-interest income vs. expense

3.95%Q3 ’073.75%Q3 ’087.65%Q3 ’09-1%+128%

Executive Summary

  • Earnings: ROA of -5.15%, down 359 bps year over year; NIM at 2.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.78%.
  • Funding: loans stand at 73.56% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

-5.15%-359 bps YoY

Net Interest Margin (YTD, annualized)

2.96%-46 bps YoY

Efficiency Ratio (YTD, annualized)

198.54%+10,934 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-1.55%-2.42%-1.56%-1.64%-5.15%-359 bps
Return on Equity-23.92%-39.40%-33.89%-35.90%-130.08%-10,617 bps
Net Interest Margin3.42%3.31%2.32%2.71%2.96%-46 bps
Efficiency Ratio89.19%95.25%125.30%137.72%198.54%+10,934 bps
Non-Interest Burden2.97%3.13%3.11%3.99%6.76%+379 bps
Growth
Asset Growth (YoY)9.81%3.28%-9.55%-18.57%-30.54%-4,034 bps
Loan Growth (YoY)1.44%-10.48%-16.70%-23.00%-31.90%-3,334 bps
Deposit Growth (YoY)13.09%8.18%-7.53%-17.18%-28.05%-4,114 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.97%2.16%1.61%1.96%5.78%+381 bps
Allowance / Loans2.16%3.45%3.72%3.43%2.55%+40 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 Capital8.17%7.15%7.11%7.02%3.28%-489 bps
Equity / Assets5.49%4.67%4.54%4.52%1.60%-388 bps
Liquidity & Funding
Loans / Deposits77.72%74.92%71.26%74.54%73.56%-416 bps
Liquid Assets / Assets14.19%14.26%20.17%11.20%7.40%-679 bps
CRE / Total Capitaln/an/an/an/an/an/an/a