PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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

7.05%Q2 ’067.50%Q2 ’07-3.71%Q2 ’08-9%-135%

Non-interest income vs. expense

3.43%Q2 ’062.92%Q2 ’07-1.18%Q2 ’08-9%-129%

Executive Summary

  • Earnings: ROA of 1.98%, up 137 bps year over year; NIM at -1.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.38%.
  • Funding: loans stand at 98.39% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

1.98%+137 bps YoY

Net Interest Margin (quarter, annualized)

-1.31%-501 bps YoY

Efficiency Ratio (quarter, annualized)

182.66%+11,232 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.61%0.57%-0.26%-2.28%1.98%+137 bps
Return on Equity8.44%7.82%-3.48%-30.06%16.17%+773 bps
Net Interest Margin3.70%3.60%3.47%1.95%-1.31%-501 bps
Efficiency Ratio70.35%74.23%70.87%108.28%182.66%+11,232 bps
Non-Interest Burden2.47%2.63%2.37%2.15%-0.71%-318 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 / Loans0.01%0.20%0.23%0.39%-0.38%-39 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