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Tippins Bank & Trust Company

Claxton, GA · Cert 15769

FDIC

Q4 2011

$60.1MAssets
$31.1MLoans
$52.9MDeposits
$6.9MEquity
Loan mix
84%RE $25.0M13%C&I $3.9M3%Consumer $0.8MQ4 2010Q4 2011
Deposit mix
83%Interest-bearing $43.6M17%Noninterest $9.2MQ4 2010Q4 2011

NIM

4.96%Q4 ’094.52%Q4 ’104.41%Q4 ’11-2%+10%

Non-interest income vs. expense

2.79%Q4 ’092.91%Q4 ’106.27%Q4 ’11+13%+139%

Executive Summary

  • Earnings: ROA of -2.79%, down 353 bps year over year; NIM at 3.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.70%.
  • Funding: loans stand at 58.76% of deposits as of Q4 2011.

Financial Results

Return on Assets (quarter, annualized)

-2.79%-353 bps YoY

Net Interest Margin (quarter, annualized)

3.77%+35 bps YoY

Efficiency Ratio (quarter, annualized)

65.98%-534 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets0.73%0.78%0.81%1.06%-2.79%-353 bps
Return on Equity6.03%6.40%6.40%8.16%-22.62%-2,865 bps
Net Interest Margin3.42%3.50%3.69%3.87%3.77%+35 bps
Efficiency Ratio71.32%68.57%68.16%62.62%65.98%-534 bps
Non-Interest Burden2.35%2.29%2.42%2.23%5.61%+326 bps
Growth
Asset Growth (YoY)7.45%2.49%1.66%0.25%-10.12%-1,757 bps
Loan Growth (YoY)-6.90%-9.17%-5.05%-4.31%-11.99%-510 bps
Deposit Growth (YoY)9.23%2.68%1.37%-0.39%-9.96%-1,920 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.00%-0.01%1.94%2.70%+272 bps
Allowance / Loans2.37%2.51%2.52%2.11%1.87%-50 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 Capital19.19%20.15%20.29%20.53%18.98%-21 bps
Equity / Assets11.68%12.59%12.77%13.15%11.52%-16 bps
Liquidity & Funding
Loans / Deposits60.12%60.90%60.25%60.02%58.76%-136 bps
Liquid Assets / Assets12.30%9.54%7.79%6.59%7.47%-483 bps
CRE / Total Capitaln/an/an/an/an/an/an/a