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Bank of Dooly

Vienna, GA · Cert 22309

FDIC

Q4 2013

$114.5MAssets
$57.7MLoans
$99.8MDeposits
$14.6MEquity
Loan mix
83%RE $36.6M10%C&I $4.2M7%Consumer $3.3MQ4 2012Q4 2013
Deposit mix
76%Interest-bearing $75.7M24%Noninterest $24.0MQ4 2012Q4 2013

NIM

4.67%Q4 ’114.28%Q4 ’123.77%Q4 ’130%-8%

Non-interest income vs. expense

2.18%Q4 ’112.28%Q4 ’122.46%Q4 ’13-34%+54%

Executive Summary

  • Earnings: ROA of 0.59%, up 3 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.21%.
  • Funding: loans stand at 57.82% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.59%+3 bps YoY

Net Interest Margin (YTD, annualized)

3.40%-30 bps YoY

Efficiency Ratio (YTD, annualized)

65.97%+1,646 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.55%0.85%1.02%1.12%0.59%+3 bps
Return on Equity4.38%6.76%7.80%8.31%4.40%+2 bps
Net Interest Margin3.70%3.30%3.38%3.48%3.40%-30 bps
Efficiency Ratio49.51%68.25%68.98%68.14%65.97%+1,646 bps
Non-Interest Burden1.38%2.45%2.34%2.30%2.13%+75 bps
Growth
Asset Growth (YoY)-0.58%-2.00%1.16%-1.81%-0.39%+18 bps
Loan Growth (YoY)-14.31%-20.52%-16.64%-16.88%-12.01%+230 bps
Deposit Growth (YoY)-0.98%-2.84%0.09%-3.40%-0.86%+12 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.53%1.20%0.76%0.49%1.21%-132 bps
Allowance / Loans4.04%4.38%4.13%4.14%4.59%+55 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 Capital22.24%26.54%26.74%26.47%26.11%+386 bps
Equity / Assets12.30%12.94%13.87%14.92%12.75%+45 bps
Liquidity & Funding
Loans / Deposits65.14%58.52%64.62%69.03%57.82%-732 bps
Liquid Assets / Assets25.87%37.82%35.88%34.56%32.23%+635 bps
CRE / Total Capitaln/an/an/an/an/an/an/a