PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

White County Bank

Cleveland, GA · Cert 22357

FDIC

Q3 2002

$205.2MAssets
$146.1MLoans
$155.6MDeposits
$18.9MEquity
Loan mix
90%RE $60.3M10%C&I $6.7M0%Consumer $0.1MQ3 2001Q3 2002
Deposit mix
91%Interest-bearing $141.7M9%Noninterest $13.9MQ3 2001Q3 2002

NIM

8.82%Q1 ’017.45%Q3 ’016.49%Q3 ’02-11%+13%

Non-interest income vs. expense

2.78%Q1 ’012.14%Q3 ’012.78%Q3 ’02-29%+34%

Executive Summary

  • Earnings: ROA of 1.18%, down 6 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 93.94% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

1.18%-6 bps YoY

Net Interest Margin (quarter, annualized)

4.09%+46 bps YoY

Efficiency Ratio (quarter, annualized)

59.06%+757 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.24%1.17%1.13%1.29%1.18%-6 bps
Return on Equity14.53%13.40%13.05%14.78%12.98%-156 bps
Net Interest Margin3.63%4.15%3.88%4.15%4.09%+46 bps
Efficiency Ratio51.50%60.23%59.40%57.11%59.06%+757 bps
Non-Interest Burden1.62%2.30%2.04%2.06%2.16%+55 bps
Growth
Asset Growth (YoY)-2.73%-2.84%-4.93%-1.66%0.39%+312 bps
Loan Growth (YoY)12.53%3.58%-1.36%3.33%4.51%-802 bps
Deposit Growth (YoY)-5.75%-10.47%-6.87%-2.81%5.06%+1,080 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.44%-0.01%0.01%0.13%+9 bps
Allowance / Loans1.37%1.29%1.35%1.34%1.35%-2 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 Capital12.77%13.46%13.18%12.07%12.59%-17 bps
Equity / Assets8.64%8.78%8.55%8.95%9.22%+58 bps
Liquidity & Funding
Loans / Deposits94.43%93.01%92.15%95.96%93.94%-49 bps
Liquid Assets / Assets0.92%0.18%0.94%1.97%3.01%+209 bps
CRE / Total Capitaln/an/an/an/an/an/an/a