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First State Bank, The

Stockbridge, GA · Cert 19252

FDIC

Q4 2011

$516.8MAssets
$344.1MLoans
$509.1MDeposits
$4.9MEquity
Loan mix
96%RE $292.6M3%C&I $7.7M2%Consumer $4.8MQ4 2010Q4 2011
Deposit mix
98%Interest-bearing $496.8M2%Noninterest $12.2MQ4 2010Q4 2011

NIM

3.30%Q4 ’093.44%Q4 ’103.10%Q4 ’11+65%+2%

Non-interest income vs. expense

2.31%Q4 ’092.58%Q4 ’102.44%Q4 ’11+12%-15%

Executive Summary

  • Earnings: ROA of -2.12%, down 106 bps year over year; NIM at 1.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.32%.
  • Funding: loans stand at 67.60% of deposits as of Q4 2011.

Financial Results

Return on Assets (YTD, annualized)

-2.12%-106 bps YoY

Net Interest Margin (YTD, annualized)

1.71%+3 bps YoY

Efficiency Ratio (YTD, annualized)

130.42%-3,452 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets-1.05%-0.60%-0.23%-2.54%-2.12%-106 bps
Return on Equity-29.84%-23.13%-8.64%-109.60%-102.51%-7,266 bps
Net Interest Margin1.68%1.60%1.68%1.76%1.71%+3 bps
Efficiency Ratio164.95%131.34%107.13%128.89%130.42%-3,452 bps
Non-Interest Burden2.69%2.19%1.84%2.31%2.28%-42 bps
Growth
Asset Growth (YoY)-8.25%-4.23%-2.74%-4.70%-8.33%-9 bps
Loan Growth (YoY)-12.67%-11.58%-11.41%-12.79%-9.50%+317 bps
Deposit Growth (YoY)-7.05%-2.24%-1.88%-2.54%-6.54%+51 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.96%2.81%2.60%3.01%2.32%+136 bps
Allowance / Loans2.85%2.23%1.75%3.57%3.72%+87 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 Capital4.35%4.18%4.21%1.92%1.51%-285 bps
Equity / Assets2.68%2.54%2.90%1.10%0.95%-173 bps
Liquidity & Funding
Loans / Deposits69.81%66.45%66.49%67.24%67.60%-221 bps
Liquid Assets / Assets4.25%4.89%4.20%6.18%4.69%+43 bps
CRE / Total Capitaln/an/an/an/an/an/an/a