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First Community Bank of Southwest Georgia

Bainbridge, GA · Cert 29334

FDIC

Q1 2002

$158.1MAssets
$105.5MLoans
$133.0MDeposits
$16.6MEquity
Loan mix
70%RE $34.6M29%C&I $14.4M1%Consumer $0.4MQ1 2001Q1 2002
Deposit mix
89%Interest-bearing $117.7M11%Noninterest $15.2MQ1 2001Q1 2002

NIM

7.74%Q1 ’015.64%Q1 ’02-11%

Non-interest income vs. expense

2.73%Q1 ’012.78%Q1 ’02+2%

Executive Summary

  • Earnings: ROA of 1.29%, down 27 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 79.32% of deposits as of Q1 2002.

Financial Results

Return on Assets (YTD, annualized)

1.29%-27 bps YoY

Net Interest Margin (YTD, annualized)

3.26%-40 bps YoY

Efficiency Ratio (YTD, annualized)

59.49%+543 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets1.56%1.47%1.48%1.57%1.29%-27 bps
Return on Equityn/an/an/an/a12.12%n/an/a
Net Interest Margin3.66%3.66%3.61%3.53%3.26%-40 bps
Efficiency Ratio54.06%56.88%55.76%45.54%59.49%+543 bps
Non-Interest Burden1.34%1.46%1.35%0.28%1.36%+3 bps
Growth
Asset Growth (YoY)5.83%4.91%-1.51%-3.26%-8.53%-1,436 bps
Loan Growth (YoY)0.21%1.15%1.67%-6.33%-15.38%-1,559 bps
Deposit Growth (YoY)5.95%3.95%0.89%0.20%-6.05%-1,200 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.14%0.51%0.35%2.19%-0.02%-16 bps
Allowance / Loans2.09%1.84%1.88%1.41%1.58%-51 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 Capital13.00%12.65%12.99%14.57%14.57%+158 bps
Equity / Assets9.23%9.58%10.22%10.84%10.51%+127 bps
Liquidity & Funding
Loans / Deposits88.06%91.50%93.68%85.86%79.32%-875 bps
Liquid Assets / Assets0.61%0.37%0.10%0.15%0.19%-42 bps
CRE / Total Capitaln/an/an/an/an/an/an/a