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Letter portraitLegal landscapeQuarterYTD

County Banking and Trust Company

Elkton, MD · Cert 13779

FDIC

Q2 2007

$997.8MAssets
$874.3MLoans
$819.7MDeposits
$93.2MEquity
Loan mix
83%RE $538.4M17%C&I $112.1M0%Consumer $1.0MQ2 2006Q2 2007
Deposit mix
73%Interest-bearing $599.1M27%Noninterest $220.5MQ2 2006Q2 2007

NIM

5.69%Q2 ’056.08%Q2 ’066.46%Q2 ’07-7%-4%

Non-interest income vs. expense

2.15%Q2 ’052.03%Q2 ’061.95%Q2 ’07-6%-11%

Executive Summary

  • Earnings: ROA of 1.74%, down 38 bps year over year; NIM at 4.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 106.67% of deposits as of Q2 2007.

Financial Results

Return on Assets (YTD, annualized)

1.74%-38 bps YoY

Net Interest Margin (YTD, annualized)

4.12%-18 bps YoY

Efficiency Ratio (YTD, annualized)

40.21%-69 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 Assets2.12%1.98%1.97%1.63%1.74%-38 bps
Return on Equity24.26%22.66%22.44%18.46%19.35%-491 bps
Net Interest Margin4.30%4.22%4.09%4.02%4.12%-18 bps
Efficiency Ratio40.90%41.31%41.05%42.49%40.21%-69 bps
Non-Interest Burden1.37%1.35%1.29%1.31%1.22%-15 bps
Growth
Asset Growth (YoY)6.52%7.45%6.69%7.54%4.87%-165 bps
Loan Growth (YoY)7.75%8.47%9.43%10.94%9.42%+168 bps
Deposit Growth (YoY)5.27%4.13%6.59%8.59%8.35%+309 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.04%0.04%0.02%0.01%0 bps
Allowance / Loans0.90%0.85%0.80%0.80%0.82%-8 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 Capital16.16%15.87%15.63%15.53%15.96%-19 bps
Equity / Assets8.87%8.81%8.79%8.86%9.34%+48 bps
Liquidity & Funding
Loans / Deposits105.63%108.75%110.30%107.06%106.67%+104 bps
Liquid Assets / Assets0.27%0.18%0.15%0.21%0.08%-19 bps
CRE / Total Capitaln/an/an/an/an/an/an/a