PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Towns County Bank

Hiawassee, GA · Cert 26642

FDIC

Q3 2002

$117.6MAssets
$86.7MLoans
$93.9MDeposits
$10.3MEquity
Loan mix
91%RE $44.5M9%C&I $4.6M0%Consumer $0.1MQ3 2001Q3 2002
Deposit mix
88%Interest-bearing $82.5M12%Noninterest $11.4MQ3 2001Q3 2002

NIM

8.63%Q1 ’018.39%Q3 ’016.54%Q3 ’02+4%-4%

Non-interest income vs. expense

2.27%Q1 ’012.32%Q3 ’012.17%Q3 ’02+2%-6%

Executive Summary

  • Earnings: ROA of 1.48%, down 7 bps year over year; NIM at 4.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 92.32% of deposits as of Q3 2002.

Financial Results

Return on Assets (YTD, annualized)

1.48%-7 bps YoY

Net Interest Margin (YTD, annualized)

4.10%-16 bps YoY

Efficiency Ratio (YTD, annualized)

48.04%-108 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.55%1.55%1.55%1.49%1.48%-7 bps
Return on Equityn/an/a18.09%17.17%17.00%n/a
Net Interest Margin4.27%4.35%4.33%4.25%4.10%-16 bps
Efficiency Ratio49.12%49.74%47.79%48.46%48.04%-108 bps
Non-Interest Burden1.86%1.94%1.87%1.85%1.76%-11 bps
Growth
Asset Growth (YoY)-2.35%0.11%3.36%4.49%11.08%+1,343 bps
Loan Growth (YoY)3.43%2.71%10.24%6.88%10.58%+715 bps
Deposit Growth (YoY)-6.00%-4.79%-1.01%1.90%13.56%+1,957 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.14%0.22%0.25%0.17%0.13%-1 bps
Allowance / Loans1.29%1.19%1.09%1.11%1.12%-17 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 Capital13.04%13.57%12.19%12.63%12.89%-14 bps
Equity / Assets8.50%8.71%8.44%8.92%8.75%+25 bps
Liquidity & Funding
Loans / Deposits94.82%94.90%98.83%93.79%92.32%-249 bps
Liquid Assets / Assets1.12%0.41%0.78%0.18%0.53%-60 bps
CRE / Total Capitaln/an/an/an/an/an/an/a