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Bank of Gibson

Gibson, GA · Cert 18243

FDIC

Q4 2008

$285.0MAssets
$193.1MLoans
$259.1MDeposits
$15.0MEquity
Deposit mix
96%Interest-bearing $247.9M4%Noninterest $11.1MQ4 2007Q4 2008

NIM

8.93%Q4 ’068.72%Q4 ’073.93%Q4 ’08-18%-88%

Non-interest income vs. expense

2.92%Q4 ’062.46%Q4 ’071.90%Q4 ’08-14%-24%

Executive Summary

  • Earnings: ROA of -3.02%, down 434 bps year over year; NIM at 0.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.23%.
  • Funding: loans stand at 74.53% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-3.02%-434 bps YoY

Net Interest Margin (YTD, annualized)

0.53%-401 bps YoY

Efficiency Ratio (YTD, annualized)

292%+23,945 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets1.32%-3.10%-2.69%-2.31%-3.02%-434 bps
Return on Equity16.44%-39.87%-34.90%-32.68%-45.08%-6,153 bps
Net Interest Margin4.54%0.89%1.11%0.78%0.53%-401 bps
Efficiency Ratio52.91%194.14%186.98%240%292%+23,945 bps
Non-Interest Burden2.36%1.90%2.20%1.95%1.78%-58 bps
Growth
Asset Growth (YoY)24.83%13.51%4.80%31.68%10.92%-1,391 bps
Loan Growth (YoY)18.15%0.04%-8.36%-13.40%-10.20%-2,835 bps
Deposit Growth (YoY)28.29%15.90%2.17%32.67%12.37%-1,592 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.35%2.07%2.68%2.45%2.23%+188 bps
Allowance / Loans1.70%1.99%1.64%1.25%1.88%+19 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 Capital10.06%10.32%10.48%10.07%8.54%-152 bps
Equity / Assets7.67%7.88%7.60%5.54%5.25%-242 bps
Liquidity & Funding
Loans / Deposits93.26%86.82%85.68%61.50%74.53%-1,873 bps
Liquid Assets / Assets2.20%2.19%0.14%8.66%10.51%+831 bps
CRE / Total Capitaln/an/an/an/an/an/an/a