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Baxley Federal Bank

Baxley, GA · Cert 29330

FDIC

Q4 2001

$118.1MAssets
$92.3MLoans
$96.4MDeposits
$10.6MEquity
Loan mix
97%RE $71.9M3%C&I $1.9M0%Consumer $0.1MQ4 2000Q4 2001
Deposit mix
96%Interest-bearing $92.5M4%Noninterest $4.0MQ4 2000Q4 2001

NIM

7.86%Q1 ’017.26%Q3 ’016.70%Q4 ’01-11%-8%

Non-interest income vs. expense

1.77%Q1 ’011.75%Q3 ’011.30%Q4 ’01-8%-32%

Executive Summary

  • Earnings: ROA of 4.42%, up 356 bps year over year; NIM at 2.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 95.70% of deposits as of Q4 2001.

Financial Results

Return on Assets (quarter, annualized)

4.42%1+356 bps YoY

Net Interest Margin (quarter, annualized)

2.14%

Efficiency Ratio (quarter, annualized)

50.76%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets0.86%0.76%0.75%0.69%4.42%1+356 bps
Return on Equityn/an/a8.91%8.00%50.58%n/a
Net Interest Marginn/a2.63%2.54%2.33%2.14%n/a
Efficiency Ration/a59.06%59.74%62.59%50.76%n/a
Non-Interest Burdenn/a1.40%1.32%1.28%0.88%n/a
Growth
Asset Growth (YoY)8.72%10.29%6.59%4.57%-2.29%-1,102 bps
Loan Growth (YoY)9.24%5.92%1.77%-1.61%-7.11%-1,635 bps
Deposit Growth (YoY)3.93%6.41%7.41%5.55%1.94%-199 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.04%0.02%0.07%0.05%n/a
Allowance / Loansn/a1.13%1.15%1.16%1.21%n/a
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 Capitaln/a16.18%16.05%16.04%17.80%n/a
Equity / Assetsn/a8.32%8.61%8.53%8.97%n/a
Liquidity & Funding
Loans / Deposits105.02%101.49%102.89%100.31%95.70%-932 bps
Liquid Assets / Assets0.00%12.27%11.26%10.59%12.53%+1,253 bps
CRE / Total Capitaln/an/an/an/an/an/an/a