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Darby Bank & Trust Co.

Vidalia, GA · Cert 14580

FDIC

Q3 2010

$654.7MAssets
$398.8MLoans
$587.6MDeposits
$9.0MEquity
Loan mix
91%RE $350.2M8%C&I $32.3M0%Consumer $0.7MQ3 2009Q3 2010
Deposit mix
93%Interest-bearing $546.5M7%Noninterest $41.1MQ3 2009Q3 2010

NIM

5.75%Q3 ’084.16%Q3 ’094.10%Q3 ’10-55%+3%

Non-interest income vs. expense

2.04%Q3 ’081.96%Q3 ’093.22%Q3 ’10+14%+33%

Executive Summary

  • Earnings: ROA of -2.92%, down 168 bps year over year; NIM at 1.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.28%.
  • Funding: loans stand at 67.87% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

-2.92%-168 bps YoY

Net Interest Margin (quarter, annualized)

1.38%+4 bps YoY

Efficiency Ratio (quarter, annualized)

170.96%+1,437 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-1.24%-5.59%-3.33%-6.04%-2.92%-168 bps
Return on Equity-25.66%-129.29%-96.72%-228%-168.03%-14,238 bps
Net Interest Margin1.34%1.11%0.96%1.27%1.38%+4 bps
Efficiency Ratio156.59%464%321%n/a170.96%+1,437 bps
Non-Interest Burden2.05%3.83%2.80%5.46%2.72%+67 bps
Growth
Asset Growth (YoY)13.98%5.50%6.42%-23.42%-27.90%-4,188 bps
Loan Growth (YoY)-10.01%-17.62%-21.50%-25.21%-26.57%-1,656 bps
Deposit Growth (YoY)22.55%10.72%13.27%-23.27%-25.16%-4,771 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans7.83%8.61%0.67%12.72%3.28%-456 bps
Allowance / Loans4.52%3.49%4.20%2.50%3.16%-136 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 Capital7.56%7.24%6.19%4.16%3.18%-438 bps
Equity / Assets4.86%3.73%3.15%2.08%1.38%-349 bps
Liquidity & Funding
Loans / Deposits69.17%69.82%68.55%72.71%67.87%-130 bps
Liquid Assets / Assets19.59%17.29%18.33%15.32%13.16%-644 bps
CRE / Total Capitaln/an/an/an/an/an/an/a