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Colony Bank Worth

Sylvester, GA · Cert 32092

FDIC

Q2 2008

$181.1MAssets
$144.0MLoans
$150.4MDeposits
$14.4MEquity
Loan mix
84%RE $76.1M16%C&I $14.4M0%Consumer $0.0MQ2 2007Q2 2008
Deposit mix
89%Interest-bearing $134.1M11%Noninterest $16.3MQ2 2007Q2 2008

NIM

7.06%Q2 ’067.64%Q2 ’076.43%Q2 ’08+0%-10%

Non-interest income vs. expense

2.60%Q2 ’062.71%Q2 ’072.33%Q2 ’08+8%-30%

Executive Summary

  • Earnings: ROA of 0.90%, down 26 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.48%.
  • Funding: loans stand at 95.79% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

0.90%-26 bps YoY

Net Interest Margin (quarter, annualized)

3.46%-39 bps YoY

Efficiency Ratio (quarter, annualized)

52.32%-575 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.16%1.28%1.45%1.32%0.90%-26 bps
Return on Equity15.52%16.99%18.74%16.50%11.11%-441 bps
Net Interest Margin3.86%3.98%3.83%3.58%3.46%-39 bps
Efficiency Ratio58.07%55.60%54.59%55.89%52.32%-575 bps
Non-Interest Burden1.90%1.88%1.73%1.65%1.34%-56 bps
Growth
Asset Growth (YoY)6.80%4.27%1.24%2.11%1.69%-510 bps
Loan Growth (YoY)11.51%7.81%4.14%3.20%-1.16%-1,267 bps
Deposit Growth (YoY)6.57%3.05%-1.01%-2.03%-5.12%-1,169 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.16%-1.26%0.81%0.30%0.48%+32 bps
Allowance / Loans1.32%1.65%1.53%1.48%1.63%+32 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 Capital10.58%10.82%11.23%11.55%11.52%+95 bps
Equity / Assets7.39%7.64%7.79%8.22%7.95%+56 bps
Liquidity & Funding
Loans / Deposits91.96%93.37%87.40%90.42%95.79%+384 bps
Liquid Assets / Assets0.12%0.11%0.90%0.88%0.91%+79 bps
CRE / Total Capitaln/an/an/an/an/an/an/a