First National Bank of Grady County

Cairo, GA · Cert 19457

FDIC

Q3 2001

$125.7MAssets

$83.4MLoans

$102.2MDeposits

$20.2MEquity

Deposit mix

Executive Summary

Earnings: ROA of 0.98%, down 59 bps year over year; NIM at 3.64%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
Funding: loans stand at 81.52% of deposits as of Q3 2001.

Return on Assets (quarter, annualized)

0.98%-59 bps YoY

Net Interest Margin (quarter, annualized)

3.64%

Efficiency Ratio (quarter, annualized)

57.32%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	1.09%	2.40%	1.42%	1.57%	1.54%	0.90%	0.84%	0.98%	-59 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	5.67%	6.26%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	3.55%	3.29%	3.64%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	60.57%	59.44%	57.32%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	1.99%	1.78%	1.91%	n/a
Growth
Asset Growth (YoY)	-2.48%	0.46%	-1.75%	-0.38%	6.69%	18.53%	17.77%	12.27%	+1,265 bps
Loan Growth (YoY)	9.19%	-0.61%	-10.91%	-12.34%	-13.60%	-9.05%	-2.96%	6.51%	+1,885 bps
Deposit Growth (YoY)	-2.26%	-0.92%	-2.83%	-1.65%	5.68%	20.30%	19.24%	12.60%	+1,426 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	0.18%	0.17%	0.06%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	2.09%	2.09%	2.04%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	23.33%	23.54%	22.47%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	14.61%	15.18%	16.08%	n/a
Liquidity & Funding
Loans / Deposits	94.05%	93.05%	90.39%	86.19%	76.88%	70.35%	73.57%	81.52%	-467 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.04%	0.02%	+2 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a