Baxley Federal Bank

Baxley, GA · Cert 29330

FDIC

Q4 2001

$118.1MAssets

$92.3MLoans

$96.4MDeposits

$10.6MEquity

Loan mix

Deposit mix

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.

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.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	1.28%	1.22%	1.22%	0.86%	0.76%	0.75%	0.69%	4.42%¹	+356 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	8.91%	8.00%	50.58%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	2.63%	2.54%	2.33%	2.14%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	59.06%	59.74%	62.59%	50.76%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	1.40%	1.32%	1.28%	0.88%	n/a
Growth
Asset Growth (YoY)	4.92%	10.35%	9.29%	8.72%	10.29%	6.59%	4.57%	-2.29%	-1,102 bps
Loan Growth (YoY)	8.02%	11.59%	9.55%	9.24%	5.92%	1.77%	-1.61%	-7.11%	-1,635 bps
Deposit Growth (YoY)	0.96%	1.89%	6.39%	3.93%	6.41%	7.41%	5.55%	1.94%	-199 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.04%	0.02%	0.07%	0.05%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	1.13%	1.15%	1.16%	1.21%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	16.18%	16.05%	16.04%	17.80%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	8.32%	8.61%	8.53%	8.97%	n/a
Liquidity & Funding
Loans / Deposits	101.96%	108.59%	107.61%	105.02%	101.49%	102.89%	100.31%	95.70%	-932 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	12.27%	11.26%	10.59%	12.53%	+1,253 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a