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Southwest Georgia Bank

Moultrie, GA · Cert 2147

FDIC · 8 branches

Q1 2020

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2020, the quarter ended March 31, 2020, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Southwest Georgia Bank

Moultrie, GA · Cert 2147

FDIC · 8 branches

Q1 2020

$532.4MAssets
$394.1MLoans
$474.0MDeposits
$47.6MEquity
Loan mix
85%RE $245.9M14%C&I $40.6M1%Consumer $3.8MQ1 2019Q1 2020
Deposit mix
74%Interest-bearing $348.5M26%Noninterest $125.5MQ1 2019Q1 2020

NIM

4.07%Q1 ’184.40%Q1 ’194.55%Q1 ’20-2%+12%

Non-interest income vs. expense

3.18%Q1 ’183.22%Q1 ’197.02%Q1 ’20-3%+169%

Market Position · Valdosta, GA · 2019 SOD (annual) · 4.7% share · #10 of 19 inst. · $0.1B of $2.3B

22.5% Colquitt
5.3% Lowndes
34.4% Worth
100.0% Baker

Executive Summary

  • Earnings: ROA of -1.89%, down 283 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 0.08% of loans (-16 bps YoY), with net recoveries of 0.11%.
  • Capital: tier 1 leverage ratio of 8.12%, down 11 bps from a year ago.
  • Funding: loans stand at 83.14% of deposits as of Q1 2020.

Financial Results

Return on Assets (YTD, annualized)

-1.89%-283 bps YoY

Net Interest Margin (YTD, annualized)

3.92%+41 bps YoY

Efficiency Ratio (YTD, annualized)

148.13%+7,554 bps YoY

Tier 1 Leverage Ratio

8.12%-11 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020YoY ΔTrend
Earnings
Return on Assets0.93%0.96%0.99%1.01%-1.89%-283 bps
Return on Equity11.93%12.06%12.29%12.29%-21.49%-3,343 bps
Net Interest Margin3.51%3.61%3.65%3.70%3.92%+41 bps
Efficiency Ratio72.59%71.52%70.13%70.53%148.13%+7,554 bps
Non-Interest Burden2.30%2.31%2.30%2.37%6.20%+390 bps
Growth
Asset Growth (YoY)7.99%8.69%6.24%3.87%-3.12%-1,111 bps
Loan Growth (YoY)12.45%12.06%7.44%5.60%4.71%-775 bps
Deposit Growth (YoY)16.55%12.46%9.19%4.03%-3.32%-1,987 bps
Asset Quality
Nonperforming Loans / Loans0.24%0.46%0.49%0.06%0.08%-16 bps
Net Charge-Offs / Loans0.19%0.17%0.23%0.17%-0.11%-30 bps
Allowance / Loans0.89%0.90%0.89%0.91%0.98%+9 bps
Allowance Coverage of NPLs3.7x1.9x1.8x14.8x11.7x+8.0x
Capital
Tier 1 Leverage Ratio8.24%8.39%8.51%8.59%8.12%-11 bps
Total Risk-Based Capital12.58%12.56%12.69%13.07%12.59%0 bps
Equity / Assets7.84%8.16%8.45%8.69%8.93%+109 bps
Liquidity & Funding
Loans / Deposits76.77%82.46%84.24%83.66%83.14%+637 bps
Liquid Assets / Assets13.75%9.62%8.19%9.52%7.39%-636 bps
CRE / Total Capitaln/an/an/an/an/an/an/a