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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

7.70%Q2 ’067.82%Q2 ’07-3.54%Q2 ’08-15%-123%

Non-interest income vs. expense

2.56%Q2 ’062.37%Q2 ’07-1.13%Q2 ’08-6%-46%

Executive Summary

  • Earnings: ROA of 1.09%, down 16 bps year over year; NIM at -0.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 4.06%.
  • Funding: loans stand at 86.85% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

1.09%-16 bps YoY

Net Interest Margin (quarter, annualized)

-0.88%-471 bps YoY

Efficiency Ratio (quarter, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.25%-3.58%-1.65%-2.67%1.09%-16 bps
Return on Equity14.88%-44.88%-21.05%-33.57%8.58%-630 bps
Net Interest Margin3.84%2.77%2.39%1.38%-0.88%-471 bps
Efficiency Ratio52.39%116.19%78.76%171.03%n/an/a
Non-Interest Burden1.68%3.11%1.77%2.53%0.91%-77 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 / Loans0.61%3.98%1.78%3.37%-4.06%-467 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