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Liberty Bank & Trust

Toccoa, GA · Cert 26879

FDIC

Q2 2005

$23.7MAssets
$15.0MLoans
$20.0MDeposits
$3.2MEquity
Loan mix
68%RE $5.4M32%C&I $2.6M0%Consumer $0.0MQ2 2004Q2 2005
Deposit mix
78%Interest-bearing $15.6M22%Noninterest $4.4MQ2 2004Q2 2005

NIM

4.86%Q2 ’034.82%Q2 ’045.26%Q2 ’05+5%+8%

Non-interest income vs. expense

4.32%Q2 ’034.67%Q2 ’044.94%Q2 ’05+19%+9%

Executive Summary

  • Earnings: ROA of -0.09%, down 5 bps year over year; NIM at 4.07%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Funding: loans stand at 74.89% of deposits as of Q2 2005.

Financial Results

Return on Assets (YTD, annualized)

-0.09%-5 bps YoY

Net Interest Margin (YTD, annualized)

4.07%+29 bps YoY

Efficiency Ratio (YTD, annualized)

99.83%+105 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets-0.04%0.02%0.05%0.34%-0.09%-5 bps
Return on Equity-0.31%0.16%0.37%2.59%-0.68%-37 bps
Net Interest Margin3.79%3.81%3.78%4.06%4.07%+29 bps
Efficiency Ratio98.78%97.44%96.93%91.32%99.83%+105 bps
Non-Interest Burden3.73%3.68%3.63%3.63%4.07%+34 bps
Growth
Asset Growth (YoY)-4.62%-5.04%4.74%-1.70%-2.52%+210 bps
Loan Growth (YoY)5.13%-5.62%5.01%2.64%-3.23%-835 bps
Deposit Growth (YoY)-5.08%-5.91%5.52%-1.69%-4.73%+36 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.16%0.28%0.21%-0.03%-0.04%-20 bps
Allowance / Loans1.35%1.35%1.21%1.28%1.42%+8 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 Capital20.95%21.94%19.92%27.05%21.35%+39 bps
Equity / Assets13.24%13.80%12.70%13.70%13.57%+32 bps
Liquidity & Funding
Loans / Deposits73.73%71.87%73.86%78.74%74.89%+116 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