PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First Security National Bank

Norcross, GA · Cert 26290

FDIC

Q3 2009

$127.5MAssets
$51.2MLoans
$121.6MDeposits
$2.5MEquity
Loan mix
80%RE $34.4M20%C&I $8.8M0%Consumer $0.0MQ3 2008Q3 2009
Deposit mix
85%Interest-bearing $103.5M15%Noninterest $18.2MQ3 2008Q3 2009

NIM

8.79%Q3 ’075.13%Q3 ’083.00%Q3 ’09-63%-91%

Non-interest income vs. expense

3.27%Q3 ’073.74%Q3 ’084.44%Q3 ’09+15%+157%

Executive Summary

  • Earnings: ROA of -9.76%, down 753 bps year over year; NIM at 0.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.49%.
  • Funding: loans stand at 42.07% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

-9.76%-753 bps YoY

Net Interest Margin (YTD, annualized)

0.17%-179 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-2.23%-2.93%-13.73%-10.64%-9.76%-753 bps
Return on Equity-20.09%-27.53%-191.04%-173.17%-189.91%-16,981 bps
Net Interest Margin1.96%1.66%0.86%0.22%0.17%-179 bps
Efficiency Ratio159.41%212%n/an/an/an/a
Non-Interest Burden3.37%4.00%9.64%8.59%8.65%+528 bps
Growth
Asset Growth (YoY)-11.55%-4.96%-2.24%-12.56%-6.42%+514 bps
Loan Growth (YoY)-37.44%-37.39%-44.84%-45.63%-37.06%+39 bps
Deposit Growth (YoY)-10.69%-1.68%5.14%-6.23%2.18%+1,287 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.26%1.42%4.35%2.76%4.49%+323 bps
Allowance / Loans1.99%2.20%4.17%4.35%2.87%+88 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 Capital12.48%11.18%8.11%6.56%4.13%-834 bps
Equity / Assets10.35%8.90%5.46%3.92%1.95%-840 bps
Liquidity & Funding
Loans / Deposits68.29%58.90%47.96%46.27%42.07%-2,622 bps
Liquid Assets / Assets0.00%0.00%20.48%21.58%25.84%+2,584 bps
CRE / Total Capitaln/an/an/an/an/an/an/a