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Sumter Bank and Trust Company

Americus, GA · Cert 21803

FDIC

Q4 2008

$209.0MAssets
$160.8MLoans
$184.0MDeposits
$16.0MEquity
Loan mix
74%RE $93.5M26%C&I $33.2M0%Consumer $0.3MQ4 2007Q4 2008
Deposit mix
87%Interest-bearing $160.3M13%Noninterest $23.8MQ4 2007Q4 2008

NIM

6.74%Q4 ’066.89%Q4 ’075.67%Q4 ’08-3%-13%

Non-interest income vs. expense

2.40%Q4 ’062.27%Q4 ’072.18%Q4 ’08-10%-5%

Executive Summary

  • Earnings: ROA of 1.22%, down 35 bps year over year; NIM at 3.59%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.17%.
  • Funding: loans stand at 87.39% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

1.22%-35 bps YoY

Net Interest Margin (YTD, annualized)

3.59%-53 bps YoY

Efficiency Ratio (YTD, annualized)

49.69%+375 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets1.57%1.81%1.53%1.48%1.22%-35 bps
Return on Equity20.07%22.54%19.41%18.95%15.69%-437 bps
Net Interest Margin4.13%3.84%3.75%3.60%3.59%-53 bps
Efficiency Ratio45.95%49.44%49.31%49.22%49.69%+375 bps
Non-Interest Burden1.45%1.49%1.44%1.37%1.39%-7 bps
Growth
Asset Growth (YoY)4.04%-0.61%5.41%4.27%1.97%-206 bps
Loan Growth (YoY)3.15%-1.07%2.39%5.66%11.74%+859 bps
Deposit Growth (YoY)6.31%1.48%2.81%1.76%2.01%-430 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.16%-0.04%-0.04%-0.04%0.17%+1 bps
Allowance / Loans1.43%1.25%1.28%1.29%1.54%+11 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 Capital11.31%11.26%10.79%10.45%10.19%-111 bps
Equity / Assets7.75%8.35%7.64%7.48%7.67%-8 bps
Liquidity & Funding
Loans / Deposits79.78%82.15%86.59%89.06%87.39%+761 bps
Liquid Assets / Assets0.11%0.02%0.02%0.02%0.02%-9 bps
CRE / Total Capitaln/an/an/an/an/an/an/a