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Jasper Banking Company

Jasper, GA · Cert 16240

FDIC

Q2 2012

$206.7MAssets
$101.2MLoans
$204.2MDeposits
$1.8MEquity
Loan mix
83%RE $51.7M11%C&I $7.1M6%Consumer $3.5MQ2 2011Q2 2012
Deposit mix
86%Interest-bearing $176.3M14%Noninterest $27.9MQ2 2011Q2 2012

NIM

4.21%Q2 ’103.61%Q2 ’112.97%Q2 ’12-3%-16%

Non-interest income vs. expense

2.18%Q2 ’102.84%Q2 ’112.93%Q2 ’12+56%+42%

Executive Summary

  • Earnings: ROA of -4.95%, down 365 bps year over year; NIM at 1.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.22%.
  • Funding: loans stand at 49.57% of deposits as of Q2 2012.

Financial Results

Return on Assets (YTD, annualized)

-4.95%-365 bps YoY

Net Interest Margin (YTD, annualized)

1.81%-33 bps YoY

Efficiency Ratio (YTD, annualized)

574%+43,231 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets-1.30%-1.90%-3.87%-4.87%-4.95%-365 bps
Return on Equity-21.76%-31.81%-71.90%-208%-265%-24,294 bps
Net Interest Margin2.14%2.19%2.15%1.69%1.81%-33 bps
Efficiency Ratio141.87%227%615%n/a574%+43,231 bps
Non-Interest Burden2.98%3.89%4.60%5.34%4.23%+125 bps
Growth
Asset Growth (YoY)-12.03%-7.73%-4.12%-4.26%-5.47%+655 bps
Loan Growth (YoY)-19.68%-8.96%-7.77%-9.38%-11.25%+842 bps
Deposit Growth (YoY)-8.27%-5.47%-1.23%-0.25%0.97%+924 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.69%0.69%1.29%2.98%3.22%+254 bps
Allowance / Loans3.08%3.58%3.26%4.33%4.53%+144 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 Capital8.28%8.20%5.50%3.63%1.08%-720 bps
Equity / Assets6.40%6.00%3.08%1.57%0.85%-555 bps
Liquidity & Funding
Loans / Deposits56.40%57.12%49.85%49.65%49.57%-683 bps
Liquid Assets / Assets1.27%8.50%9.14%9.24%8.45%+718 bps
CRE / Total Capitaln/an/an/an/an/an/an/a