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Gainesville Bank & Trust

Gainesville, GA · Cert 27158

FDIC

Q2 2008

$689.5MAssets
$486.8MLoans
$408.9MDeposits
$111.6MEquity
Loan mix
88%RE $321.7M11%C&I $40.2M1%Consumer $2.6MQ2 2007Q2 2008
Deposit mix
84%Interest-bearing $343.2M16%Noninterest $65.6MQ2 2007Q2 2008

NIM

6.91%Q2 ’067.08%Q2 ’07-2.98%Q2 ’08-13%-133%

Non-interest income vs. expense

2.71%Q2 ’062.74%Q2 ’07-0.66%Q2 ’08-1%-129%

Executive Summary

  • Earnings: ROA of 0.77%, down 15 bps year over year; NIM at -1.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 119.06% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

0.77%-15 bps YoY

Net Interest Margin (quarter, annualized)

-1.19%-480 bps YoY

Efficiency Ratio (quarter, annualized)

85.40%+2,189 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.92%0.59%0.39%-0.83%0.77%-15 bps
Return on Equity8.53%5.54%3.56%-7.62%5.62%-292 bps
Net Interest Margin3.61%3.73%3.45%2.92%-1.19%-480 bps
Efficiency Ratio63.52%61.33%67.31%74.08%85.40%+2,189 bps
Non-Interest Burden2.08%2.01%2.13%2.02%-0.61%-269 bps
Growth
Asset Growth (YoY)5.40%0.26%5.94%-0.56%-0.50%-590 bps
Loan Growth (YoY)6.07%3.62%6.38%4.22%-10.12%-1,618 bps
Deposit Growth (YoY)-0.46%-2.32%2.58%-4.96%-21.14%-2,068 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%1.03%1.72%0.01%0.00%-4 bps
Allowance / Loans1.00%1.04%0.90%1.68%13.06%+1,207 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 Capital10.52%10.90%11.03%11.13%11.22%+71 bps
Equity / Assets10.41%10.75%10.87%10.96%16.19%+578 bps
Liquidity & Funding
Loans / Deposits104.46%108.81%108.32%110.85%119.06%+1,460 bps
Liquid Assets / Assets0.03%0.04%0.04%0.01%0.02%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a