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Bank of Jackson County

Graceville, FL · Cert 14794

FDIC

Q3 2013

$24.7MAssets
$15.6MLoans
$24.6MDeposits
$6KEquity
Loan mix
86%RE $12.0M6%C&I $0.8M8%Consumer $1.1MQ3 2012Q3 2013
Deposit mix
73%Interest-bearing $17.9M27%Noninterest $6.7MQ3 2012Q3 2013

NIM

4.27%Q3 ’114.00%Q3 ’123.88%Q3 ’13-5%-3%

Non-interest income vs. expense

5.33%Q3 ’115.45%Q3 ’1210.27%Q3 ’130%+99%

Executive Summary

  • Earnings: ROA of -5.24%, down 439 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.46%.
  • Funding: loans stand at 63.38% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

-5.24%-439 bps YoY

Net Interest Margin (quarter, annualized)

3.46%-9 bps YoY

Efficiency Ratio (quarter, annualized)

206%+8,782 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets-0.85%-0.62%-3.00%-1.85%-5.24%-439 bps
Return on Equity-33.72%-25.00%-142.62%-120.51%-770%-73,587 bps
Net Interest Margin3.55%3.23%3.20%3.37%3.46%-9 bps
Efficiency Ratio118.65%110.58%173.78%142.81%206%+8,782 bps
Non-Interest Burden4.41%3.83%6.17%5.21%8.76%+435 bps
Growth
Asset Growth (YoY)-3.28%-3.44%-12.45%-13.24%-11.55%-827 bps
Loan Growth (YoY)-18.32%-14.59%-2.13%-16.83%-14.55%+377 bps
Deposit Growth (YoY)-3.62%-2.24%-11.71%-12.34%-9.31%-569 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.44%1.67%-3.00%-0.44%-0.46%-2 bps
Allowance / Loans3.84%3.65%4.33%4.75%5.11%+127 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 Capital4.65%4.52%3.37%3.07%0.07%-458 bps
Equity / Assets2.48%2.46%1.74%1.32%0.02%-245 bps
Liquidity & Funding
Loans / Deposits67.27%67.16%69.06%65.72%63.38%-389 bps
Liquid Assets / Assets3.89%16.29%8.58%11.95%12.64%+875 bps
CRE / Total Capitaln/an/an/an/an/an/an/a