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Community Trust Bank

Hiram, GA · Cert 27163

FDIC

Q2 2008

$279.4MAssets
$192.7MLoans
$221.8MDeposits
$50.6MEquity
Loan mix
98%RE $148.3M2%C&I $3.2M0%Consumer $0.0MQ2 2007Q2 2008
Deposit mix
93%Interest-bearing $207.1M7%Noninterest $14.7MQ2 2007Q2 2008

NIM

7.31%Q2 ’067.78%Q2 ’071.22%Q2 ’08-10%-90%

Non-interest income vs. expense

2.55%Q2 ’062.40%Q2 ’071.07%Q2 ’08-5%+14%

Executive Summary

  • Earnings: ROA of -0.85%, down 207 bps year over year; NIM at 0.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 86.85% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

-0.85%-207 bps YoY

Net Interest Margin (YTD, annualized)

0.37%-352 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.22%-0.41%-0.72%-2.67%-0.85%-207 bps
Return on Equity14.50%-4.95%-8.81%-33.57%-7.68%-2,218 bps
Net Interest Margin3.89%3.49%3.08%1.38%0.37%-352 bps
Efficiency Ratio52.28%64.20%67.35%171.03%n/an/a
Non-Interest Burden1.70%2.15%1.98%2.53%1.94%+24 bps
Growth
Asset Growth (YoY)7.43%2.54%-0.30%-4.88%-15.28%-2,272 bps
Loan Growth (YoY)5.35%-1.14%-6.44%-13.68%-28.65%-3,400 bps
Deposit Growth (YoY)10.34%3.50%-0.67%-2.98%-17.43%-2,777 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.39%1.60%1.68%3.37%0.01%-38 bps
Allowance / Loans1.60%2.48%3.20%3.65%16.40%+1,480 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 Capital10.59%10.03%10.18%10.07%12.27%+168 bps
Equity / Assets8.33%7.61%8.09%7.83%18.13%+979 bps
Liquidity & Funding
Loans / Deposits100.52%94.62%97.81%93.96%86.85%-1,367 bps
Liquid Assets / Assets0.08%0.07%0.21%0.21%0.07%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a