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Letter portraitLegal landscapeQuarterYTD

Charter Bank & Trust Co.

Marietta, GA · Cert 27440

FDIC

Q2 2004

$299.1MAssets
$228.0MLoans
$250.1MDeposits
$23.4MEquity
Deposit mix
94%Interest-bearing $234.0M6%Noninterest $16.0MQ2 2003Q2 2004

NIM

6.39%Q2 ’025.88%Q2 ’035.20%Q2 ’04-7%-6%

Non-interest income vs. expense

2.45%Q2 ’022.36%Q2 ’032.95%Q2 ’04-4%+15%

Executive Summary

  • Earnings: ROA of 1.04%, down 1 bps year over year; NIM at 4.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 91.18% of deposits as of Q2 2004.

Financial Results

Return on Assets (YTD, annualized)

1.04%-1 bps YoY

Net Interest Margin (YTD, annualized)

4.13%-29 bps YoY

Efficiency Ratio (YTD, annualized)

60.50%+1,201 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets1.05%0.77%0.85%0.45%1.04%-1 bps
Return on Equity13.28%9.71%10.66%5.59%13.03%-26 bps
Net Interest Margin4.42%4.21%4.24%4.24%4.13%-29 bps
Efficiency Ratio48.49%49.10%49.96%76.68%60.50%+1,201 bps
Non-Interest Burden1.91%1.85%1.91%3.11%2.20%+29 bps
Growth
Asset Growth (YoY)10.98%3.37%1.71%-0.49%6.64%-434 bps
Loan Growth (YoY)22.97%14.33%6.45%-0.82%-0.61%-2,358 bps
Deposit Growth (YoY)37.20%24.41%11.39%9.59%7.27%-2,993 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.80%1.03%1.09%0.39%0.14%-66 bps
Allowance / Loans1.44%1.64%1.48%1.51%1.63%+19 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 Capital10.42%10.38%10.43%10.37%10.84%+42 bps
Equity / Assets8.15%8.18%8.09%7.99%7.82%-32 bps
Liquidity & Funding
Loans / Deposits98.40%103.25%107.21%94.82%91.18%-723 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a