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First Colony Bank

Alpharetta, GA · Cert 25847

FDIC

Q1 2003

$318.8MAssets
$282.2MLoans
$275.2MDeposits
$27.4MEquity
Loan mix
33%RE $26.3M67%C&I $54.6M0%Consumer $0.1MQ1 2002Q1 2003
Deposit mix
90%Interest-bearing $247.7M10%Noninterest $27.5MQ1 2002Q1 2003

NIM

8.75%Q1 ’016.78%Q1 ’026.18%Q1 ’03-2%-8%

Non-interest income vs. expense

2.22%Q1 ’012.09%Q1 ’021.75%Q1 ’03-15%-24%

Executive Summary

  • Earnings: ROA of 1.52%, down 23 bps year over year; NIM at 3.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 102.55% of deposits as of Q1 2003.

Financial Results

Return on Assets (YTD, annualized)

1.52%-23 bps YoY

Net Interest Margin (YTD, annualized)

3.81%-34 bps YoY

Efficiency Ratio (YTD, annualized)

38.57%-427 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets1.74%1.65%1.72%1.30%1.52%-23 bps
Return on Equity21.33%20.22%21.05%15.91%18.16%-317 bps
Net Interest Margin4.15%4.16%3.80%3.67%3.81%-34 bps
Efficiency Ratio42.84%42.82%42.23%55.98%38.57%-427 bps
Non-Interest Burden1.36%1.36%1.18%1.74%1.03%-33 bps
Growth
Asset Growth (YoY)14.91%22.15%25.46%20.50%17.99%+308 bps
Loan Growth (YoY)16.87%16.67%18.63%18.59%20.09%+322 bps
Deposit Growth (YoY)7.12%14.83%20.62%21.79%18.94%+1,182 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.06%-0.02%0.02%0.00%+1 bps
Allowance / Loans1.24%1.24%1.21%1.19%1.26%+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 Capital10.88%10.77%10.51%10.52%10.80%-8 bps
Equity / Assets8.36%8.18%8.10%8.10%8.61%+24 bps
Liquidity & Funding
Loans / Deposits101.57%97.67%98.72%97.24%102.55%+97 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a