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Community First Bank

Carrollton, GA · Cert 27887

FDIC

Q1 2002

$557.1MAssets
$347.4MLoans
$409.1MDeposits
$138.9MEquity
Loan mix
61%RE $160.3M38%C&I $99.6M1%Consumer $1.9MQ1 2001Q1 2002
Deposit mix
95%Interest-bearing $386.7M5%Noninterest $22.4MQ1 2001Q1 2002

NIM

8.54%Q1 ’015.09%Q1 ’02-39%

Non-interest income vs. expense

2.91%Q1 ’012.34%Q1 ’02-5%

Executive Summary

  • Earnings: ROA of 0.53%, down 82 bps year over year; NIM at 2.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.27%.
  • Funding: loans stand at 84.92% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

0.53%-82 bps YoY

Net Interest Margin (quarter, annualized)

2.53%-159 bps YoY

Efficiency Ratio (quarter, annualized)

65.07%+992 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets1.35%0.46%1.40%-2.50%0.53%-82 bps
Return on Equityn/a5.53%16.09%-15.36%2.18%n/a
Net Interest Margin4.12%3.50%3.71%-8.28%2.53%-159 bps
Efficiency Ratio55.15%67.10%51.97%71.73%65.07%+992 bps
Non-Interest Burden1.76%2.05%1.51%-3.73%1.67%-9 bps
Growth
Asset Growth (YoY)0.87%35.12%34.48%43.25%39.57%+3,870 bps
Loan Growth (YoY)3.06%36.03%29.31%16.59%9.72%+666 bps
Deposit Growth (YoY)4.23%39.50%39.83%33.87%28.68%+2,445 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.17%0.20%0.25%-1.20%0.27%+10 bps
Allowance / Loans1.23%1.35%1.35%2.54%2.56%+134 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 Capital11.34%11.58%12.48%8.90%11.40%+6 bps
Equity / Assets7.90%8.49%8.86%23.38%24.94%+1,704 bps
Liquidity & Funding
Loans / Deposits99.59%100.07%92.33%85.87%84.92%-1,467 bps
Liquid Assets / Assets0.25%0.66%0.89%0.27%0.29%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a