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

6.85%Q2 ’067.27%Q2 ’075.99%Q2 ’08-5%-11%

Non-interest income vs. expense

2.43%Q2 ’062.41%Q2 ’072.55%Q2 ’08+1%+20%

Executive Summary

  • Earnings: ROA of 0.87%, down 52 bps year over year; NIM at 3.68%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 108.56% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

0.87%-52 bps YoY

Net Interest Margin (quarter, annualized)

3.68%-44 bps YoY

Efficiency Ratio (quarter, annualized)

57.46%+951 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.39%1.61%2.00%1.25%0.87%-52 bps
Return on Equity17.30%20.52%24.94%15.12%10.59%-671 bps
Net Interest Margin4.12%4.19%4.18%3.97%3.68%-44 bps
Efficiency Ratio47.95%47.78%45.54%49.28%57.46%+951 bps
Non-Interest Burden1.50%1.51%1.38%1.49%1.80%+30 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 / Loans0.04%0.15%0.25%0.04%0.11%+7 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