PackageTrendsPeer
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Peoples Bank, The

Winder, GA · Cert 182

FDIC

Q2 2010

$447.2MAssets
$253.2MLoans
$398.2MDeposits
$6.7MEquity
Loan mix
91%RE $164.4M9%C&I $15.5M0%Consumer $0.3MQ2 2009Q2 2010
Deposit mix
95%Interest-bearing $377.8M5%Noninterest $20.4MQ2 2009Q2 2010

NIM

5.70%Q2 ’084.65%Q2 ’094.27%Q2 ’10-30%+12%

Non-interest income vs. expense

3.48%Q2 ’083.63%Q2 ’093.98%Q2 ’10+18%+43%

Executive Summary

  • Earnings: ROA of -4.89%, down 168 bps year over year; NIM at 2.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.13%.
  • Funding: loans stand at 63.59% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

-4.89%-168 bps YoY

Net Interest Margin (YTD, annualized)

2.22%+24 bps YoY

Efficiency Ratio (YTD, annualized)

170.24%+4,648 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-3.21%-3.94%-4.86%-1.45%-4.89%-168 bps
Return on Equity-45.83%-58.50%-80.45%-45.31%-183.91%-13,808 bps
Net Interest Margin1.99%2.09%2.01%2.07%2.22%+24 bps
Efficiency Ratio123.76%132.76%136.88%118.19%170.24%+4,648 bps
Non-Interest Burden2.71%3.05%3.07%2.69%3.88%+118 bps
Growth
Asset Growth (YoY)-3.66%-9.01%-5.78%-9.80%-7.68%-401 bps
Loan Growth (YoY)8.18%-1.83%-5.93%-7.84%-16.28%-2,445 bps
Deposit Growth (YoY)1.45%-2.97%-0.28%-5.20%-3.32%-477 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.02%3.07%4.83%0.59%5.13%+311 bps
Allowance / Loans1.61%2.25%2.94%3.29%4.03%+243 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 Capital10.12%9.09%6.64%6.12%2.99%-713 bps
Equity / Assets6.15%5.87%3.25%3.14%1.50%-464 bps
Liquidity & Funding
Loans / Deposits73.44%73.44%65.63%67.71%63.59%-985 bps
Liquid Assets / Assets0.28%0.24%5.59%3.15%7.35%+707 bps
CRE / Total Capitaln/an/an/an/an/an/an/a