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Central Bank & Trust

Cordele, GA · Cert 32429

FDIC

Q4 2005

$64.2MAssets
$42.1MLoans
$51.8MDeposits
$6.1MEquity
Loan mix
69%RE $18.6M30%C&I $8.1M1%Consumer $0.2MQ4 2004Q4 2005
Deposit mix
91%Interest-bearing $46.9M9%Noninterest $4.9MQ4 2004Q4 2005

NIM

5.98%Q4 ’035.42%Q4 ’046.19%Q4 ’05-2%+11%

Non-interest income vs. expense

2.99%Q4 ’033.16%Q4 ’043.37%Q4 ’05+14%+30%

Executive Summary

  • Earnings: ROA of 1.73%, up 48 bps year over year; NIM at 4.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.55%.
  • Funding: loans stand at 81.20% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

1.73%+48 bps YoY

Net Interest Margin (YTD, annualized)

4.36%+45 bps YoY

Efficiency Ratio (YTD, annualized)

59.96%+200 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.25%2.67%2.03%1.84%1.73%+48 bps
Return on Equity14.80%29.49%21.69%19.26%18.14%+334 bps
Net Interest Margin3.92%3.92%4.15%4.35%4.36%+45 bps
Efficiency Ratio57.96%64.84%64.21%61.99%59.96%+200 bps
Non-Interest Burden1.63%2.15%2.27%2.23%2.11%+49 bps
Growth
Asset Growth (YoY)1.40%3.44%6.88%-0.11%11.60%+1,020 bps
Loan Growth (YoY)-12.75%-8.47%-2.11%6.58%9.13%+2,188 bps
Deposit Growth (YoY)2.35%1.94%6.03%-2.22%12.31%+996 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.50%-3.53%-1.61%-0.98%-0.55%-105 bps
Allowance / Loans2.12%2.20%2.02%1.96%1.90%-22 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 Capital14.42%16.09%16.41%16.15%15.93%+151 bps
Equity / Assets8.92%9.20%10.00%10.19%9.46%+54 bps
Liquidity & Funding
Loans / Deposits83.56%77.79%83.86%91.98%81.20%-237 bps
Liquid Assets / Assets0.18%0.61%1.30%1.29%1.03%+85 bps
CRE / Total Capitaln/an/an/an/an/an/an/a