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Peoples Bank

Blackshear, GA · Cert 16498

FDIC

Q2 2007

$198.7MAssets
$145.4MLoans
$166.8MDeposits
$30.1MEquity
Deposit mix
74%Interest-bearing $122.8M26%Noninterest $44.0MQ2 2006Q2 2007

NIM

6.08%Q2 ’056.62%Q2 ’067.23%Q2 ’070%+2%

Non-interest income vs. expense

3.01%Q2 ’052.85%Q2 ’062.71%Q2 ’07-5%-4%

Executive Summary

  • Earnings: ROA of 1.65%, up 14 bps year over year; NIM at 4.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.20%.
  • Funding: loans stand at 87.16% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

1.65%+14 bps YoY

Net Interest Margin (quarter, annualized)

4.73%+9 bps YoY

Efficiency Ratio (quarter, annualized)

45.10%-343 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.51%1.31%1.57%1.50%1.65%+14 bps
Return on Equity10.17%8.62%9.99%9.82%11.08%+92 bps
Net Interest Margin4.63%4.49%4.61%4.55%4.73%+9 bps
Efficiency Ratio48.53%53.33%51.12%48.14%45.10%-343 bps
Non-Interest Burden2.11%2.36%2.18%2.07%2.02%-9 bps
Growth
Asset Growth (YoY)10.37%15.55%10.61%6.59%5.75%-462 bps
Loan Growth (YoY)5.19%4.67%13.31%17.20%11.40%+620 bps
Deposit Growth (YoY)7.07%12.50%2.33%6.07%5.44%-163 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.01%0.03%-0.01%0.20%+17 bps
Allowance / Loans1.31%1.37%1.32%1.30%1.33%+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 Capital12.20%12.90%12.94%11.80%12.43%+22 bps
Equity / Assets15.02%15.38%15.95%14.72%15.15%+13 bps
Liquidity & Funding
Loans / Deposits82.50%81.37%88.70%87.51%87.16%+466 bps
Liquid Assets / Assets0.03%0.03%0.04%0.04%0.04%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a