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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

5.77%Q4 ’035.54%Q4 ’046.71%Q4 ’05-2%+15%

Non-interest income vs. expense

2.78%Q4 ’033.09%Q4 ’043.25%Q4 ’05+50%0%

Executive Summary

  • Earnings: ROA of 1.47%, up 18 bps year over year; NIM at 4.59%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.71%.
  • Funding: loans stand at 81.20% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

1.47%+18 bps YoY

Net Interest Margin (quarter, annualized)

4.59%+58 bps YoY

Efficiency Ratio (quarter, annualized)

54.35%-479 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.29%2.67%1.37%1.48%1.47%+18 bps
Return on Equity14.70%29.49%14.27%14.62%14.97%+28 bps
Net Interest Margin4.01%3.92%4.31%4.75%4.59%+58 bps
Efficiency Ratio59.14%64.84%63.61%58.25%54.35%-479 bps
Non-Interest Burden1.87%2.15%2.36%2.14%1.86%-1 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 / Loans0.54%-3.53%0.22%-0.04%0.71%+17 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