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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

5.28%Q3 ’046.00%Q3 ’057.04%Q3 ’06+10%+5%

Non-interest income vs. expense

2.62%Q3 ’042.94%Q3 ’052.95%Q3 ’06+16%+11%

Executive Summary

  • Earnings: ROA of 1.13%, down 18 bps year over year; NIM at 4.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
  • Funding: loans stand at 84.87% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

1.13%-18 bps YoY

Net Interest Margin (quarter, annualized)

4.31%+22 bps YoY

Efficiency Ratio (quarter, annualized)

60.48%+10 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.31%1.55%1.20%1.28%1.13%-18 bps
Return on Equity15.15%17.41%11.44%11.51%10.78%-437 bps
Net Interest Margin4.09%4.64%4.31%4.20%4.31%+22 bps
Efficiency Ratio60.37%54.80%61.38%59.43%60.48%+10 bps
Non-Interest Burden2.16%2.39%2.41%2.30%2.39%+23 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 / Loans-0.07%0.09%0.01%0.30%0.19%+26 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