PackageTrendsPeer
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

6.53%Q2 ’025.93%Q2 ’035.19%Q2 ’04-8%-8%

Non-interest income vs. expense

2.43%Q2 ’022.28%Q2 ’032.30%Q2 ’04-5%-26%

Executive Summary

  • Earnings: ROA of 1.61%, up 69 bps year over year; NIM at 4.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.11%.
  • Funding: loans stand at 91.18% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

1.61%+69 bps YoY

Net Interest Margin (quarter, annualized)

4.14%-35 bps YoY

Efficiency Ratio (quarter, annualized)

45.42%-113 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.92%0.22%1.10%0.45%1.61%+69 bps
Return on Equity11.64%2.64%13.48%5.59%20.43%+879 bps
Net Interest Margin4.49%4.14%4.23%4.24%4.14%-35 bps
Efficiency Ratio46.55%50.37%52.54%76.68%45.42%-113 bps
Non-Interest Burden1.88%1.90%2.02%3.11%1.38%-49 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 / Loans1.58%1.50%1.29%0.39%-0.11%-169 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