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Athens First Bank & Trust Company

Athens, GA · Cert 28225

FDIC

Q1 2010

$1.5BAssets
$1.2BLoans
$1.3BDeposits
$126.9MEquity
Loan mix
88%RE $904.6M12%C&I $120.3M0%Consumer $2.3MQ1 2009Q1 2010
Deposit mix
86%Interest-bearing $1.1B14%Noninterest $0.2BQ1 2009Q1 2010

NIM

6.08%Q1 ’084.55%Q1 ’094.62%Q1 ’10-12%+17%

Non-interest income vs. expense

1.96%Q1 ’082.15%Q1 ’092.40%Q1 ’10+64%+7%

Executive Summary

  • Earnings: ROA of -4.38%, down 363 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.00%.
  • Funding: loans stand at 98.13% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-4.38%-363 bps YoY

Net Interest Margin (YTD, annualized)

3.37%+49 bps YoY

Efficiency Ratio (YTD, annualized)

69.17%-529 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-0.75%-0.91%-1.20%-1.66%-4.38%-363 bps
Return on Equity-8.45%-10.49%-14.30%-19.86%-53.57%-4,513 bps
Net Interest Margin2.89%2.94%2.98%2.99%3.37%+49 bps
Efficiency Ratio74.46%74.27%82.84%82.48%69.17%-529 bps
Non-Interest Burden2.15%2.17%2.51%2.51%2.30%+15 bps
Growth
Asset Growth (YoY)20.26%19.79%5.39%-3.58%-3.92%-2,417 bps
Loan Growth (YoY)20.50%20.05%-2.35%-3.67%-6.09%-2,659 bps
Deposit Growth (YoY)30.50%26.73%10.60%0.36%-5.24%-3,574 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.79%1.58%2.25%3.09%2.00%+21 bps
Allowance / Loans1.48%1.95%2.04%2.36%2.66%+118 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 Capital11.10%10.70%10.53%10.47%11.03%-7 bps
Equity / Assets8.79%8.29%7.69%8.10%8.25%-54 bps
Liquidity & Funding
Loans / Deposits99.02%95.55%91.50%97.85%98.13%-89 bps
Liquid Assets / Assets0.01%1.04%1.66%0.52%0.60%+59 bps
CRE / Total Capitaln/an/an/an/an/an/an/a