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Riverside Bank

Marietta, GA · Cert 26951

FDIC

Q4 2005

$665.1MAssets
$455.5MLoans
$531.4MDeposits
$55.4MEquity
Loan mix
67%RE $86.9M33%C&I $42.3M0%Consumer $0.5MQ4 2004Q4 2005
Deposit mix
83%Interest-bearing $438.6M17%Noninterest $92.7MQ4 2004Q4 2005

NIM

4.78%Q4 ’034.51%Q4 ’045.08%Q4 ’05-4%+4%

Non-interest income vs. expense

2.76%Q4 ’032.09%Q4 ’041.62%Q4 ’05-16%-11%

Executive Summary

  • Earnings: ROA of 1.53%, up 32 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.17%.
  • Funding: loans stand at 85.73% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

1.53%+32 bps YoY

Net Interest Margin (YTD, annualized)

3.37%+11 bps YoY

Efficiency Ratio (YTD, annualized)

43.72%-987 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.21%1.30%1.36%1.43%1.53%+32 bps
Return on Equity13.96%15.07%15.89%16.92%18.17%+421 bps
Net Interest Margin3.26%3.86%3.90%3.68%3.37%+11 bps
Efficiency Ratio53.59%49.73%47.87%45.75%43.72%-987 bps
Non-Interest Burden1.44%1.70%1.62%1.46%1.29%-16 bps
Growth
Asset Growth (YoY)10.80%15.33%20.00%22.98%17.61%+682 bps
Loan Growth (YoY)15.93%9.88%13.15%30.57%17.65%+172 bps
Deposit Growth (YoY)7.99%12.18%18.85%20.25%19.92%+1,194 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.09%0.05%0.03%0.17%+10 bps
Allowance / Loans1.32%1.33%1.27%1.21%1.15%-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 Capital11.32%11.56%11.10%10.65%11.43%+11 bps
Equity / Assets8.47%8.73%8.58%8.05%8.33%-14 bps
Liquidity & Funding
Loans / Deposits87.38%91.44%93.76%90.51%85.73%-166 bps
Liquid Assets / Assets0.27%0.19%0.17%0.20%0.12%-15 bps
CRE / Total Capitaln/an/an/an/an/an/an/a