PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First National Bank of Atlanta, The

New Castle, DE · Cert 26747

FDIC

Q3 2002

$76.3MAssets
$46.3MLoans
$500KDeposits
$62.9MEquity
Deposit mix
0%Interest-bearing $0K100%Noninterest $500KQ3 2001Q3 2002

NIM

8.22%Q1 ’01-11.00%Q3 ’010.41%Q3 ’02-238%+100%

Non-interest income vs. expense

63.95%Q1 ’01-81.29%Q3 ’01-0.54%Q3 ’02+549%-2175%

Executive Summary

  • Earnings: ROA of 26.46%, up 3,075 bps year over year; NIM at 0.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 9259.00% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

26.46%+3,075 bps YoY

Net Interest Margin (quarter, annualized)

0.02%+683 bps YoY

Efficiency Ratio (quarter, annualized)

-1.68%-8,427 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets-4.29%-1.73%0.37%9.90%26.46%+3,075 bps
Return on Equity-35.73%-18.38%3.32%61.91%57.69%+9,342 bps
Net Interest Margin-6.82%0.84%0.38%-0.04%0.02%+683 bps
Efficiency Ratio82.59%243%48.45%0.52%-1.68%-8,427 bps
Non-Interest Burden1.56%3.31%-0.08%-17.70%-32.36%-3,392 bps
Growth
Asset Growth (YoY)22.52%2.66%46.62%-48.02%-84.08%-10,660 bps
Loan Growth (YoY)-71.94%-95.28%-17.06%-99.19%-32.58%+3,936 bps
Deposit Growth (YoY)-45.59%124.10%116.78%114.78%97.63%+14,322 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-64.94%0.00%0.00%0.00%0.00%+6,494 bps
Allowance / Loans0.25%0.56%0.04%3.90%0.02%-24 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 Capital18.95%13.27%16.00%35.44%182.99%+16,404 bps
Equity / Assets7.89%11.15%10.89%30.33%82.36%+7,447 bps
Liquidity & Funding
Loans / Deposits27143%1384%18726%198.28%9259%-1,788,369 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