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First Community Bank of Tifton

Tifton, GA · Cert 15647

FDIC

Q1 2010

$371.8MAssets
$214.2MLoans
$329.2MDeposits
$22.5MEquity
Loan mix
81%RE $134.8M19%C&I $32.2M0%Consumer $0.2MQ1 2009Q1 2010
Deposit mix
90%Interest-bearing $295.7M10%Noninterest $33.6MQ1 2009Q1 2010

NIM

6.51%Q1 ’084.75%Q1 ’094.08%Q1 ’10-25%-4%

Non-interest income vs. expense

2.43%Q1 ’082.00%Q1 ’092.20%Q1 ’10-14%+15%

Executive Summary

  • Earnings: ROA of -0.29%, down 60 bps year over year; NIM at 2.87%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.92%.
  • Funding: loans stand at 65.07% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-0.29%-60 bps YoY

Net Interest Margin (quarter, annualized)

2.87%-12 bps YoY

Efficiency Ratio (quarter, annualized)

63.52%+787 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.31%0.57%0.02%1-0.35%-0.29%-60 bps
Return on Equity4.32%8.21%0.35%-5.12%-4.64%-896 bps
Net Interest Margin3.00%3.04%3.18%3.30%2.87%-12 bps
Efficiency Ratio55.65%59.79%52.71%57.30%63.52%+787 bps
Non-Interest Burden1.40%1.58%1.35%1.67%1.61%+21 bps
Growth
Asset Growth (YoY)18.53%21.05%12.25%8.08%9.69%-884 bps
Loan Growth (YoY)5.43%3.10%-0.26%-4.56%-3.54%-897 bps
Deposit Growth (YoY)20.90%27.34%17.81%10.78%12.18%-872 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.13%2.68%2.34%4.06%1.92%+78 bps
Allowance / Loans2.12%1.62%1.85%1.81%2.10%-2 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 Capital10.47%10.33%10.62%10.52%10.26%-20 bps
Equity / Assets7.05%6.72%7.12%6.61%6.05%-101 bps
Liquidity & Funding
Loans / Deposits75.67%73.64%76.36%70.32%65.07%-1,060 bps
Liquid Assets / Assets0.01%0.17%1.51%0.00%0.00%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a