PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

National Bank of Walton County, The

Monroe, GA · Cert 14039

FDIC

Q2 2008

$248.3MAssets
$211.3MLoans
$194.6MDeposits
$20.2MEquity
Loan mix
88%RE $161.0M12%C&I $21.2M0%Consumer $0.5MQ2 2007Q2 2008
Deposit mix
93%Interest-bearing $180.7M7%Noninterest $13.9MQ2 2007Q2 2008

NIM

6.59%Q2 ’067.14%Q2 ’076.33%Q2 ’08-4%-6%

Non-interest income vs. expense

2.42%Q2 ’062.44%Q2 ’072.48%Q2 ’08+4%+5%

Executive Summary

  • Earnings: ROA of 1.06%, down 10 bps year over year; NIM at 3.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 108.56% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

1.06%-10 bps YoY

Net Interest Margin (YTD, annualized)

3.82%-23 bps YoY

Efficiency Ratio (YTD, annualized)

53.17%+367 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 Assets1.16%1.32%1.49%1.25%1.06%-10 bps
Return on Equity14.40%16.41%18.51%15.12%12.91%-149 bps
Net Interest Margin4.06%4.05%4.08%3.97%3.82%-23 bps
Efficiency Ratio49.49%48.90%48.03%49.28%53.17%+367 bps
Non-Interest Burden1.56%1.53%1.49%1.49%1.64%+8 bps
Growth
Asset Growth (YoY)2.02%3.78%2.39%0.98%-2.25%-427 bps
Loan Growth (YoY)5.66%6.28%6.79%4.36%1.61%-404 bps
Deposit Growth (YoY)-5.40%-6.75%8.33%1.93%0.64%+604 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.35%0.28%0.27%0.04%0.07%-28 bps
Allowance / Loans1.44%1.42%1.25%1.39%1.52%+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 Capital10.64%10.50%10.68%10.76%10.67%+4 bps
Equity / Assets7.84%7.85%8.19%8.32%8.13%+29 bps
Liquidity & Funding
Loans / Deposits107.52%108.87%104.54%105.34%108.56%+104 bps
Liquid Assets / Assets0.01%0.02%0.01%0.01%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a