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Security Bank of Houston County

Perry, GA · Cert 27048

FDIC

Q2 2009

$371.6MAssets
$206.3MLoans
$313.2MDeposits
$15.6MEquity
Loan mix
91%RE $169.5M9%C&I $16.6M0%Consumer $0.1MQ2 2008Q2 2009
Deposit mix
96%Interest-bearing $299.9M4%Noninterest $13.3MQ2 2008Q2 2009

NIM

7.98%Q2 ’075.88%Q2 ’083.78%Q2 ’09-30%-62%

Non-interest income vs. expense

2.53%Q2 ’072.25%Q2 ’082.26%Q2 ’09-9%+40%

Executive Summary

  • Earnings: ROA of -4.33%, down 388 bps year over year; NIM at 1.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.10%.
  • Funding: loans stand at 65.86% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

-4.33%-388 bps YoY

Net Interest Margin (quarter, annualized)

1.12%-187 bps YoY

Efficiency Ratio (quarter, annualized)

154.28%+9,617 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-0.46%0.32%-2.58%-1.19%-4.33%-388 bps
Return on Equity-7.08%5.22%-44.44%-22.41%-92.21%-8,512 bps
Net Interest Margin2.99%2.82%2.01%1.39%1.12%-187 bps
Efficiency Ratio58.10%61.84%68.06%98.00%154.28%+9,617 bps
Non-Interest Burden1.37%1.46%1.11%1.35%1.92%+55 bps
Growth
Asset Growth (YoY)11.56%14.17%13.92%11.88%9.22%-234 bps
Loan Growth (YoY)0.14%-4.41%-9.74%-11.66%-17.68%-1,781 bps
Deposit Growth (YoY)9.15%5.76%5.31%14.15%10.20%+105 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.75%2.27%8.97%1.02%3.10%+35 bps
Allowance / Loans1.73%1.52%1.65%2.30%1.69%-5 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 Capital10.09%10.59%10.13%10.03%8.55%-154 bps
Equity / Assets6.22%6.24%5.42%5.18%4.21%-201 bps
Liquidity & Funding
Loans / Deposits88.17%85.18%73.03%69.43%65.86%-2,230 bps
Liquid Assets / Assets0.00%0.00%12.43%15.04%24.51%+2,451 bps
CRE / Total Capitaln/an/an/an/an/an/an/a