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Bank of Coweta

Newnan, GA · Cert 20827

FDIC

Q1 2010

$342.2MAssets
$180.4MLoans
$302.2MDeposits
$32.1MEquity
Loan mix
84%RE $123.7M15%C&I $22.7M0%Consumer $0.6MQ1 2009Q1 2010
Deposit mix
85%Interest-bearing $258.1M15%Noninterest $44.1MQ1 2009Q1 2010

NIM

6.21%Q1 ’084.83%Q1 ’094.04%Q1 ’10-10%-9%

Non-interest income vs. expense

2.53%Q1 ’082.49%Q1 ’093.11%Q1 ’10+11%+96%

Executive Summary

  • Earnings: ROA of -9.95%, down 929 bps year over year; NIM at 2.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 13.22%.
  • Funding: loans stand at 59.69% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-9.95%-929 bps YoY

Net Interest Margin (YTD, annualized)

2.71%-26 bps YoY

Efficiency Ratio (YTD, annualized)

249%+16,944 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-0.66%-2.68%-3.93%-3.65%-9.95%-929 bps
Return on Equity-5.88%-24.57%-37.54%-35.85%-108.50%-10,262 bps
Net Interest Margin2.97%2.98%3.00%2.91%2.71%-26 bps
Efficiency Ratio79.64%84.30%83.88%85.07%249%+16,944 bps
Non-Interest Burden2.33%2.46%2.46%2.44%4.58%+224 bps
Growth
Asset Growth (YoY)-4.30%-8.18%-8.92%-14.18%-7.62%-331 bps
Loan Growth (YoY)-20.14%-23.39%-23.59%-23.52%-27.87%-773 bps
Deposit Growth (YoY)1.31%-1.84%-3.91%-6.66%-5.12%-644 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.69%7.01%8.34%8.57%13.22%+1,152 bps
Allowance / Loans3.10%3.54%3.22%4.08%4.73%+163 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 Capital15.15%14.21%14.22%14.15%16.58%+143 bps
Equity / Assets11.39%10.40%9.09%8.94%9.39%-200 bps
Liquidity & Funding
Loans / Deposits78.52%73.95%69.66%67.02%59.69%-1,882 bps
Liquid Assets / Assets0.02%0.57%1.58%0.02%0.02%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a