PackageTrendsPeer
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Commercial Bank

Thomasville, GA · Cert 190

FDIC

Q1 2010

$526.4MAssets
$387.1MLoans
$435.4MDeposits
$45.2MEquity
Loan mix
77%RE $235.7M23%C&I $69.5M0%Consumer $0.5MQ1 2009Q1 2010
Deposit mix
89%Interest-bearing $387.7M11%Noninterest $47.7MQ1 2009Q1 2010

NIM

6.64%Q1 ’084.65%Q1 ’094.24%Q1 ’10-27%+1%

Non-interest income vs. expense

1.60%Q1 ’081.55%Q1 ’091.90%Q1 ’10+82%-18%

Executive Summary

  • Earnings: ROA of 3.05%, up 540 bps year over year; NIM at 2.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.99%.
  • Funding: loans stand at 88.90% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

3.05%+540 bps YoY

Net Interest Margin (quarter, annualized)

2.82%+2 bps YoY

Efficiency Ratio (quarter, annualized)

58.18%-212 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-2.36%-0.90%-3.66%-8.47%3.05%+540 bps
Return on Equity-28.05%-10.91%-46.83%-114.23%38.57%+6,662 bps
Net Interest Margin2.80%2.94%2.74%2.66%2.82%+2 bps
Efficiency Ratio60.30%103.09%82.85%62.39%58.18%-212 bps
Non-Interest Burden1.78%2.99%2.38%1.46%1.45%-33 bps
Growth
Asset Growth (YoY)-0.66%-1.47%8.84%-2.14%-4.20%-353 bps
Loan Growth (YoY)-1.74%-1.73%-2.32%-20.57%-18.61%-1,687 bps
Deposit Growth (YoY)6.12%13.28%17.81%0.90%-2.49%-861 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.09%1.28%6.93%11.90%0.99%-410 bps
Allowance / Loans2.24%2.29%2.66%2.54%2.24%0 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 Capital10.20%10.21%10.46%10.58%12.24%+204 bps
Equity / Assets8.44%8.10%7.57%7.26%8.58%+14 bps
Liquidity & Funding
Loans / Deposits106.52%101.72%91.36%83.34%88.90%-1,762 bps
Liquid Assets / Assets0.02%0.53%1.02%1.41%0.91%+89 bps
CRE / Total Capitaln/an/an/an/an/an/an/a