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First Capital Bank

Norcross, GA · Cert 32736

FDIC

Q3 2005

$670.7MAssets
$494.9MLoans
$481.2MDeposits
$65.7MEquity
Loan mix
67%RE $50.6M33%C&I $24.7M0%Consumer $0.0MQ3 2004Q3 2005
Deposit mix
79%Interest-bearing $378.5M21%Noninterest $102.7MQ3 2004Q3 2005

NIM

4.89%Q3 ’034.83%Q3 ’045.82%Q3 ’05+25%+26%

Non-interest income vs. expense

1.52%Q3 ’031.82%Q3 ’042.46%Q3 ’05+17%+29%

Executive Summary

  • Earnings: ROA of 0.99%, up 31 bps year over year; NIM at 3.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 102.85% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

0.99%+31 bps YoY

Net Interest Margin (YTD, annualized)

3.88%+81 bps YoY

Efficiency Ratio (YTD, annualized)

59.05%+134 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.68%0.86%0.93%0.94%0.99%+31 bps
Return on Equity8.51%10.23%9.94%9.96%10.40%+189 bps
Net Interest Margin3.07%2.96%3.85%3.84%3.88%+81 bps
Efficiency Ratio57.71%58.59%60.01%60.15%59.05%+134 bps
Non-Interest Burden1.74%1.70%2.28%2.28%2.25%+51 bps
Growth
Asset Growth (YoY)21.96%49.92%38.62%33.84%35.01%+1,305 bps
Loan Growth (YoY)31.05%58.47%43.39%38.51%37.14%+609 bps
Deposit Growth (YoY)22.33%56.61%40.57%36.06%46.11%+2,378 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.00%0.03%+3 bps
Allowance / Loans1.19%1.25%1.24%1.28%1.29%+10 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 Capital11.18%11.20%11.06%11.48%11.71%+53 bps
Equity / Assets8.56%9.51%9.24%9.54%9.80%+124 bps
Liquidity & Funding
Loans / Deposits109.58%105.63%104.34%105.20%102.85%-673 bps
Liquid Assets / Assets1.75%1.26%1.15%1.07%0.97%-78 bps
CRE / Total Capitaln/an/an/an/an/an/an/a