PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Summit National Bank, The

Atlanta, GA · Cert 27199

FDIC

Q3 2006

$665.4MAssets
$467.2MLoans
$550.5MDeposits
$70.2MEquity
Loan mix
10%RE $9.3M90%C&I $86.1M0%Consumer $0.0MQ3 2005Q3 2006
Deposit mix
93%Interest-bearing $511.1M7%Noninterest $39.4MQ3 2005Q3 2006

NIM

5.18%Q3 ’045.71%Q3 ’056.37%Q3 ’06+7%+1%

Non-interest income vs. expense

2.54%Q3 ’042.97%Q3 ’052.72%Q3 ’06+19%+2%

Executive Summary

  • Earnings: ROA of 1.20%, up 1 bps year over year; NIM at 3.99%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 84.87% of deposits as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

1.20%+1 bps YoY

Net Interest Margin (YTD, annualized)

3.99%+2 bps YoY

Efficiency Ratio (YTD, annualized)

60.38%-173 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.19%1.28%1.20%1.23%1.20%+1 bps
Return on Equity14.20%15.05%11.44%11.73%11.47%-273 bps
Net Interest Margin3.97%4.15%4.31%3.83%3.99%+2 bps
Efficiency Ratio62.11%60.23%61.38%60.32%60.38%-173 bps
Non-Interest Burden2.16%2.23%2.41%2.12%2.21%+5 bps
Growth
Asset Growth (YoY)6.60%-3.88%6.00%24.28%24.65%+1,805 bps
Loan Growth (YoY)3.72%5.54%8.46%33.08%35.03%+3,131 bps
Deposit Growth (YoY)11.29%0.58%5.57%39.48%24.56%+1,328 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.17%0.15%0.01%0.15%0.16%-1 bps
Allowance / Loans1.33%1.27%1.33%1.33%1.36%+2 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 Capital13.82%13.84%18.38%13.80%13.49%-33 bps
Equity / Assets8.74%9.02%11.87%10.42%10.56%+181 bps
Liquidity & Funding
Loans / Deposits78.30%81.37%78.67%78.81%84.87%+658 bps
Liquid Assets / Assets3.56%3.17%3.11%3.44%4.45%+89 bps
CRE / Total Capitaln/an/an/an/an/an/an/a