PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First National Bank of Cherokee

Woodstock, GA · Cert 32711

FDIC

Q2 2012

$209.0MAssets
$131.8MLoans
$182.1MDeposits
$315KEquity
Loan mix
94%RE $77.1M5%C&I $3.9M1%Consumer $0.7MQ2 2011Q2 2012
Deposit mix
81%Interest-bearing $148.4M19%Noninterest $33.7MQ2 2011Q2 2012

NIM

4.18%Q2 ’103.84%Q2 ’113.98%Q2 ’12+4%+14%

Non-interest income vs. expense

4.72%Q2 ’104.72%Q2 ’115.83%Q2 ’12+4%+22%

Executive Summary

  • Earnings: ROA of -4.23%, down 193 bps year over year; NIM at 2.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.49%.
  • Funding: loans stand at 72.39% of deposits as of Q2 2012.

Financial Results

Return on Assets (YTD, annualized)

-4.23%-193 bps YoY

Net Interest Margin (YTD, annualized)

2.81%+34 bps YoY

Efficiency Ratio (YTD, annualized)

156.76%+780 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets-2.31%-3.31%-3.26%-3.93%-4.23%-193 bps
Return on Equity-60.67%-96.02%-101.13%-229%-348%-28,710 bps
Net Interest Margin2.47%2.56%2.72%2.78%2.81%+34 bps
Efficiency Ratio148.96%244%212%135.78%156.76%+780 bps
Non-Interest Burden4.02%5.49%5.57%4.08%4.92%+90 bps
Growth
Asset Growth (YoY)-2.17%-1.84%-10.56%-11.00%-14.33%-1,217 bps
Loan Growth (YoY)-7.52%-7.57%-9.62%-9.66%-13.37%-585 bps
Deposit Growth (YoY)-1.32%0.39%-10.04%-9.67%-12.44%-1,111 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.63%1.34%1.70%-0.20%2.49%+85 bps
Allowance / Loans2.64%2.53%2.32%3.55%3.13%+49 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 Capital6.36%4.61%4.18%2.93%0.28%-609 bps
Equity / Assets3.67%2.36%2.22%1.22%0.15%-352 bps
Liquidity & Funding
Loans / Deposits73.16%70.38%76.09%72.83%72.39%-78 bps
Liquid Assets / Assets12.52%15.42%9.64%13.76%13.47%+95 bps
CRE / Total Capitaln/an/an/an/an/an/an/a