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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

4.84%Q2 ’034.79%Q2 ’045.15%Q2 ’05+3%+4%

Non-interest income vs. expense

4.24%Q2 ’034.78%Q2 ’045.07%Q2 ’05+26%+13%

Executive Summary

  • Earnings: ROA of -0.54%, down 36 bps year over year; NIM at 3.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
  • Funding: loans stand at 74.89% of deposits as of Q2 2005.

Financial Results

Return on Assets (quarter, annualized)

-0.54%-36 bps YoY

Net Interest Margin (quarter, annualized)

3.91%+14 bps YoY

Efficiency Ratio (quarter, annualized)

109.52%+776 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets-0.18%0.15%0.13%0.34%-0.54%-36 bps
Return on Equity-1.35%1.11%0.98%2.59%-3.96%-261 bps
Net Interest Margin3.77%3.77%3.97%4.06%3.91%+14 bps
Efficiency Ratio101.76%94.81%95.51%91.32%109.52%+776 bps
Non-Interest Burden3.85%3.52%3.74%3.63%4.35%+50 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 / Loans0.23%0.50%0.10%-0.03%-0.05%-29 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