Century South Bank of Lavonia

Lavonia, GA · Cert 27345

FDIC

Q3 2001

$55.2MAssets

$44.0MLoans

$35.8MDeposits

$4.8MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 1.17%, down 43 bps year over year; NIM at 5.16%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.61%.
Funding: loans stand at 122.81% of deposits as of Q3 2001.

Return on Assets (YTD, annualized)

1.17%-43 bps YoY

Net Interest Margin (YTD, annualized)

5.16%

Efficiency Ratio (YTD, annualized)

53.26%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	1.67%	1.58%	1.55%	1.60%	1.56%	0.99%	0.60%	1.17%	-43 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	4.82%	5.06%	5.16%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	51.54%	59.51%	53.26%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.09%	2.90%	2.53%	n/a
Growth
Asset Growth (YoY)	7.59%	7.61%	13.50%	10.97%	4.99%	7.58%	-3.00%	8.27%	-270 bps
Loan Growth (YoY)	10.12%	13.00%	17.03%	13.64%	15.41%	9.54%	2.12%	3.63%	-1,000 bps
Deposit Growth (YoY)	10.89%	8.41%	12.25%	17.57%	-0.49%	4.64%	-1.30%	-22.32%	-3,989 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	1.20%	0.92%	0.61%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.09%	1.40%	1.37%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	14.49%	14.33%	14.32%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	8.54%	8.88%	8.62%	n/a
Liquidity & Funding
Loans / Deposits	84.89%	92.53%	93.05%	92.06%	98.45%	96.87%	96.28%	122.81%	+3,076 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	3.54%	0.09%	0.09%	+9 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a