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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

7.31%Q3 ’037.36%Q3 ’046.27%Q3 ’05+7%-33%

Non-interest income vs. expense

3.27%Q3 ’034.44%Q3 ’044.00%Q3 ’05+50%-18%

Executive Summary

  • Earnings: ROA of 0.19%, down 72 bps year over year; NIM at 3.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.10%.
  • Funding: loans stand at 76.18% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

0.19%-72 bps YoY

Net Interest Margin (quarter, annualized)

3.57%-175 bps YoY

Efficiency Ratio (quarter, annualized)

91.39%+1,590 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.91%-8.44%-3.30%0.17%0.19%-72 bps
Return on Equity9.04%-101.31%-49.66%2.80%3.04%-600 bps
Net Interest Margin5.31%5.39%4.44%4.06%3.57%-175 bps
Efficiency Ratio75.49%56.56%70.36%67.51%91.39%+1,590 bps
Non-Interest Burden3.87%2.72%2.94%2.52%3.19%-68 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%15.79%5.83%0.19%-0.10%-15 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