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First National Bank of Barnesville, The

Barnesville, GA · Cert 2119

FDIC

Q3 2010

$126.6MAssets
$91.1MLoans
$122.9MDeposits
$2.7MEquity
Deposit mix
93%Interest-bearing $114.2M7%Noninterest $8.7MQ3 2009Q3 2010

NIM

6.29%Q3 ’085.27%Q3 ’093.31%Q3 ’10-16%-48%

Non-interest income vs. expense

3.06%Q3 ’082.48%Q3 ’093.20%Q3 ’10+29%-3%

Executive Summary

  • Earnings: ROA of -1.46%, down 142 bps year over year; NIM at 1.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 10.06%.
  • Funding: loans stand at 74.10% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

-1.46%-142 bps YoY

Net Interest Margin (quarter, annualized)

1.58%-147 bps YoY

Efficiency Ratio (quarter, annualized)

179.39%+7,771 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-0.04%-2.12%-1.05%-18.71%-1.46%-142 bps
Return on Equity-0.58%-29.61%-15.19%-401%-64.26%-6,369 bps
Net Interest Margin3.05%3.21%3.11%2.88%1.58%-147 bps
Efficiency Ratio101.68%564%91.61%246%179.39%+7,771 bps
Non-Interest Burden3.09%5.81%2.80%4.89%2.99%-10 bps
Growth
Asset Growth (YoY)3.54%-3.61%-7.02%-7.89%-12.14%-1,568 bps
Loan Growth (YoY)5.32%-6.53%-12.20%-16.22%-22.21%-2,753 bps
Deposit Growth (YoY)6.54%-0.90%-5.04%0.59%-4.65%-1,119 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%6.95%3.50%19.99%10.06%+985 bps
Allowance / Loans3.37%3.13%3.00%3.72%1.47%-191 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 Capital10.33%9.84%9.79%3.04%2.57%-775 bps
Equity / Assets7.28%7.03%6.84%2.41%2.12%-516 bps
Liquidity & Funding
Loans / Deposits90.82%86.88%84.32%76.68%74.10%-1,673 bps
Liquid Assets / Assets0.22%0.14%0.34%0.64%1.37%+116 bps
CRE / Total Capitaln/an/an/an/an/an/an/a