PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of North Georgia

Alpharetta, GA · Cert 31203

FDIC

Q1 2010

$4.7BAssets
$3.6BLoans
$4.0BDeposits
$402.6MEquity
Loan mix
83%RE $2.3B17%C&I $0.4B0%Consumer $0.0BQ1 2009Q1 2010
Deposit mix
86%Interest-bearing $3.5B14%Noninterest $0.6BQ1 2009Q1 2010

NIM

5.87%Q1 ’083.99%Q1 ’094.16%Q1 ’10-34%+34%

Non-interest income vs. expense

1.83%Q1 ’081.84%Q1 ’092.61%Q1 ’10+21%+112%

Executive Summary

  • Earnings: ROA of -6.74%, down 349 bps year over year; NIM at 2.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 6.23%.
  • Funding: loans stand at 90.18% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-6.74%-349 bps YoY

Net Interest Margin (YTD, annualized)

2.80%+71 bps YoY

Efficiency Ratio (YTD, annualized)

185.51%+9,643 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-3.25%-4.23%-5.58%-5.22%-6.74%-349 bps
Return on Equity-34.11%-44.55%-60.77%-56.96%-76.41%-4,229 bps
Net Interest Margin2.09%2.33%2.34%2.46%2.80%+71 bps
Efficiency Ratio89.09%93.87%115.49%115.40%185.51%+9,643 bps
Non-Interest Burden1.90%2.23%2.65%2.79%4.02%+212 bps
Growth
Asset Growth (YoY)5.83%1.37%0.09%-18.94%-18.71%-2,454 bps
Loan Growth (YoY)6.09%-7.02%-11.92%-21.53%-23.42%-2,951 bps
Deposit Growth (YoY)18.90%14.30%6.47%-16.69%-17.76%-3,666 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans6.41%9.20%9.93%10.31%6.23%-18 bps
Allowance / Loans3.05%3.58%3.62%3.68%3.99%+95 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 Capital11.04%11.05%11.14%11.48%11.05%+1 bps
Equity / Assets9.85%9.38%8.25%9.02%8.61%-124 bps
Liquidity & Funding
Loans / Deposits96.84%90.43%83.20%85.93%90.18%-666 bps
Liquid Assets / Assets0.00%0.62%10.44%0.04%0.01%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a