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Georgia Bank & Trust

Calhoun, GA · Cert 27173

FDIC

Q1 2010

$478.0MAssets
$384.2MLoans
$403.6MDeposits
$39.3MEquity
Loan mix
81%RE $257.4M19%C&I $59.1M0%Consumer $1.0MQ1 2009Q1 2010
Deposit mix
91%Interest-bearing $365.5M9%Noninterest $38.1MQ1 2009Q1 2010

NIM

6.46%Q1 ’084.87%Q1 ’094.76%Q1 ’10-16%+20%

Non-interest income vs. expense

1.91%Q1 ’082.01%Q1 ’092.24%Q1 ’10+18%+10%

Executive Summary

  • Earnings: ROA of -9.90%, down 996 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 8.21%.
  • Funding: loans stand at 95.19% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-9.90%-996 bps YoY

Net Interest Margin (quarter, annualized)

3.37%+57 bps YoY

Efficiency Ratio (quarter, annualized)

56.63%-427 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.06%-0.11%-3.37%-0.79%-9.90%-996 bps
Return on Equity0.74%-1.24%-41.47%-9.49%-114.81%-11,555 bps
Net Interest Margin2.80%3.17%3.19%3.13%3.37%+57 bps
Efficiency Ratio60.90%57.73%52.71%55.86%56.63%-427 bps
Non-Interest Burden1.51%1.58%1.46%1.60%1.66%+15 bps
Growth
Asset Growth (YoY)1.61%-2.13%1.26%-5.89%-4.08%-569 bps
Loan Growth (YoY)1.68%-1.25%-5.75%-6.91%-9.49%-1,117 bps
Deposit Growth (YoY)7.75%2.16%8.35%0.62%1.18%-657 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.82%0.86%4.00%3.24%8.21%+739 bps
Allowance / Loans2.08%2.39%3.68%3.87%4.01%+192 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 Capital10.98%10.97%10.62%11.79%11.47%+50 bps
Equity / Assets8.48%8.51%7.76%9.02%8.23%-26 bps
Liquidity & Funding
Loans / Deposits106.42%110.25%101.38%103.11%95.19%-1,123 bps
Liquid Assets / Assets0.03%0.02%0.49%0.05%0.17%+15 bps
CRE / Total Capitaln/an/an/an/an/an/an/a