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Georgia Bank & Trust Company of Augusta

Augusta, GA · Cert 27574

FDIC · 12 branches

Q4 2016

$1.8BAssets
$1.1BLoans
$1.5BDeposits
$188.2MEquity
Loan mix
85%RE $759.8M13%C&I $117.0M2%Consumer $20.6MQ4 2015Q4 2016
Deposit mix
82%Interest-bearing $1.3B18%Noninterest $0.3BQ4 2015Q4 2016

NIM

3.45%Q4 ’143.40%Q4 ’153.39%Q4 ’16+0%+1%

Non-interest income vs. expense

2.41%Q4 ’142.47%Q4 ’152.46%Q4 ’16-1%-4%

Market Position · Augusta-Richmond County, GA-SC · 2016 SOD (annual) · 19.9% share · #2 of 20 inst. · $1.6B of $8.0B

28.1% Richmond
24.0% Columbia
9.0% Aiken

Executive Summary

  • Earnings: ROA of 1.11%, down 2 bps year over year; NIM at 3.01%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.20%.
  • Capital: tier 1 leverage ratio of 10.29%, up 55 bps from a year ago.
  • Funding: loans stand at 71.21% of deposits as of Q4 2016.

Financial Results

Return on Assets (YTD, annualized)

1.11%-2 bps YoY

Net Interest Margin (YTD, annualized)

3.01%+2 bps YoY

Efficiency Ratio (YTD, annualized)

59.52%-121 bps YoY

Tier 1 Leverage Ratio

10.29%+55 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2015Q1 2016Q2 2016Q3 2016Q4 2016YoY ΔTrend
Earnings
Return on Assets1.13%1.05%1.10%1.12%1.11%-2 bps
Return on Equity11.56%10.62%11.01%11.04%10.98%-58 bps
Net Interest Margin2.99%3.08%3.00%3.01%3.01%+2 bps
Efficiency Ratio60.73%61.03%60.28%60.02%59.52%-121 bps
Non-Interest Burden1.40%1.47%1.36%1.35%1.34%-6 bps
Growth
Asset Growth (YoY)6.22%4.05%5.86%3.18%0.04%-618 bps
Loan Growth (YoY)4.37%6.06%7.41%5.44%6.61%+224 bps
Deposit Growth (YoY)4.70%2.26%3.43%1.23%0.08%-462 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.24%0.09%0.08%0.07%0.20%-5 bps
Allowance / Loans2.08%2.06%2.06%2.04%1.83%-25 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.74%9.97%9.90%10.11%10.29%+55 bps
Total Risk-Based Capital15.35%15.55%15.53%15.82%15.99%+64 bps
Equity / Assets9.78%10.00%10.22%10.41%10.24%+46 bps
Liquidity & Funding
Loans / Deposits66.85%66.49%65.32%66.97%71.21%+437 bps
Liquid Assets / Assets1.46%3.84%3.17%3.78%2.48%+101 bps
CRE / Total Capitaln/an/an/an/an/an/an/a