PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Flag Bank

Vienna, GA · Cert 186

FDIC

Q3 2006

$1.8BAssets
$1.3BLoans
$1.4BDeposits
$236.4MEquity
Loan mix
66%RE $175.8M33%C&I $87.8M1%Consumer $2.9MQ3 2005Q3 2006
Deposit mix
85%Interest-bearing $1.2B15%Noninterest $0.2BQ3 2005Q3 2006

NIM

5.65%Q3 ’047.12%Q3 ’057.16%Q3 ’06+15%-15%

Non-interest income vs. expense

3.84%Q3 ’043.94%Q3 ’052.66%Q3 ’06-2%-22%

Executive Summary

  • Earnings: ROA of 1.23%, down 5 bps year over year; NIM at 3.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 93.52% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

1.23%-5 bps YoY

Net Interest Margin (quarter, annualized)

3.96%-70 bps YoY

Efficiency Ratio (quarter, annualized)

57.27%-770 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.28%0.96%1.40%1.48%1.23%-5 bps
Return on Equity13.76%8.18%10.81%11.48%9.33%-443 bps
Net Interest Margin4.66%4.05%3.99%4.18%3.96%-70 bps
Efficiency Ratio64.97%59.92%51.25%51.67%57.27%-770 bps
Non-Interest Burden2.59%2.11%1.70%1.86%2.03%-56 bps
Growth
Asset Growth (YoY)16.23%105.40%111.83%107.75%92.92%+7,669 bps
Loan Growth (YoY)19.01%99.88%104.03%94.46%78.73%+5,973 bps
Deposit Growth (YoY)18.91%83.19%92.82%84.35%72.08%+5,317 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.12%-0.26%-0.04%0.03%0.03%+16 bps
Allowance / Loans1.33%1.36%1.36%1.35%1.35%+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 Capital10.39%10.32%10.59%11.07%11.10%+70 bps
Equity / Assets9.24%13.03%12.83%12.88%13.46%+422 bps
Liquidity & Funding
Loans / Deposits90.04%95.02%92.58%93.67%93.52%+348 bps
Liquid Assets / Assets1.09%0.40%0.85%0.11%0.03%-106 bps
CRE / Total Capitaln/an/an/an/an/an/an/a