First Bank of Childersburg

Childersburg, AL · Cert 16759

FDIC

Q4 2001

$33.4MAssets

$21.4MLoans

$28.5MDeposits

$4.9MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 0.21%, up 13 bps year over year; NIM at 5.88%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.60%.
Funding: loans stand at 75.17% of deposits as of Q4 2001.

Return on Assets (YTD, annualized)

0.21%+13 bps YoY

Net Interest Margin (YTD, annualized)

5.88%

Efficiency Ratio (YTD, annualized)

80.72%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	0.76%	0.50%	0.28%	0.08%	0.91%	0.38%	0.13%¹	0.21%	+13 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	3.76%	3.53%	4.81%	5.88%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	86.88%	88.08%	79.69%	80.72%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	3.15%	3.01%	3.39%	4.28%	n/a
Growth
Asset Growth (YoY)	-15.43%	-10.21%	-9.64%	68.17%	62.92%	71.67%	-14.69%	-50.55%	-11,872 bps
Loan Growth (YoY)	-34.70%	-24.01%	-12.99%	89.12%	98.04%	84.26%	2.24%	-46.05%	-13,517 bps
Deposit Growth (YoY)	-18.43%	-14.00%	-11.39%	68.87%	64.23%	73.98%	-19.70%	-54.26%	-12,313 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.06%	0.20%	3.21%	2.60%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	1.41%	1.41%	1.23%	1.19%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	10.32%	10.55%	18.07%	19.10%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	7.33%	7.29%	14.24%	14.58%	n/a
Liquidity & Funding
Loans / Deposits	53.51%	59.27%	60.56%	63.73%	64.52%	62.77%	77.11%	75.17%	+1,144 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a