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United Bank & Trust Company

Rockmart, GA · Cert 32739

FDIC

Q2 2008

$102.6MAssets
$78.1MLoans
$79.4MDeposits
$17.8MEquity
Loan mix
95%RE $62.5M5%C&I $3.3M0%Consumer $0.1MQ2 2007Q2 2008
Deposit mix
86%Interest-bearing $68.0M14%Noninterest $11.4MQ2 2007Q2 2008

NIM

6.66%Q2 ’067.38%Q2 ’071.30%Q2 ’08-3%-88%

Non-interest income vs. expense

3.53%Q2 ’062.90%Q2 ’070.91%Q2 ’08-13%-65%

Executive Summary

  • Earnings: ROA of -0.22%, down 90 bps year over year; NIM at 0.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 98.39% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

-0.22%-90 bps YoY

Net Interest Margin (YTD, annualized)

0.45%-332 bps YoY

Efficiency Ratio (YTD, annualized)

162.50%+9,372 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.68%0.65%0.42%-2.28%-0.22%-90 bps
Return on Equity9.49%8.92%5.68%-30.06%-2.06%-1,155 bps
Net Interest Margin3.77%3.69%3.66%1.95%0.45%-332 bps
Efficiency Ratio68.78%70.47%70.57%108.28%162.50%+9,372 bps
Non-Interest Burden2.45%2.50%2.49%2.15%0.87%-159 bps
Growth
Asset Growth (YoY)36.93%25.24%12.17%-5.95%-13.17%-5,010 bps
Loan Growth (YoY)41.59%26.60%11.91%-3.54%-16.62%-5,821 bps
Deposit Growth (YoY)30.93%9.82%4.02%0.12%-9.37%-4,029 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.06%0.10%0.39%0.02%+4 bps
Allowance / Loans1.22%1.17%1.69%2.97%10.11%+889 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 Capital10.31%10.43%10.38%10.65%13.34%+303 bps
Equity / Assets7.24%7.46%7.61%7.54%17.30%+1,006 bps
Liquidity & Funding
Loans / Deposits106.95%104.11%106.11%90.67%98.39%-856 bps
Liquid Assets / Assets0.32%0.18%0.18%0.21%0.05%-27 bps
CRE / Total Capitaln/an/an/an/an/an/an/a