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First National Bank

Saint Marys, GA · Cert 27544

FDIC

Q3 2005

$171.8MAssets
$115.8MLoans
$152.0MDeposits
$10.7MEquity
Loan mix
83%RE $38.9M16%C&I $7.6M0%Consumer $0.1MQ3 2004Q3 2005
Deposit mix
89%Interest-bearing $135.1M11%Noninterest $16.9MQ3 2004Q3 2005

NIM

6.93%Q3 ’036.92%Q3 ’046.46%Q3 ’05+10%-20%

Non-interest income vs. expense

3.19%Q3 ’033.60%Q3 ’043.57%Q3 ’05+22%-5%

Executive Summary

  • Earnings: ROA of -0.98%, down 213 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.43%.
  • Funding: loans stand at 76.18% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

-0.98%-213 bps YoY

Net Interest Margin (YTD, annualized)

4.00%-100 bps YoY

Efficiency Ratio (YTD, annualized)

75.96%+1,165 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets1.15%-1.44%-3.30%-1.56%-0.98%-213 bps
Return on Equity12.76%-16.84%-49.66%-24.01%-15.17%-2,793 bps
Net Interest Margin5.01%4.86%4.44%4.33%4.00%-100 bps
Efficiency Ratio64.31%62.13%70.36%69.01%75.96%+1,165 bps
Non-Interest Burden3.01%2.79%2.94%2.78%2.87%-14 bps
Growth
Asset Growth (YoY)20.73%21.81%12.31%12.82%3.62%-1,711 bps
Loan Growth (YoY)23.44%23.63%14.39%-6.15%-18.22%-4,166 bps
Deposit Growth (YoY)15.72%32.98%26.69%27.59%20.46%+474 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%3.99%5.83%3.49%2.43%+238 bps
Allowance / Loans1.27%2.11%2.81%3.66%3.92%+265 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 Capital12.87%9.54%8.02%8.90%9.64%-323 bps
Equity / Assets9.71%7.01%6.26%6.22%6.22%-348 bps
Liquidity & Funding
Loans / Deposits112.22%95.89%95.85%80.84%76.18%-3,604 bps
Liquid Assets / Assets0.37%0.31%0.32%0.00%0.00%-37 bps
CRE / Total Capitaln/an/an/an/an/an/an/a