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First Bank of Brunswick, The

Brunswick, GA · Cert 32988

FDIC

Q4 2005

$333.7MAssets
$237.3MLoans
$251.4MDeposits
$46.1MEquity
Loan mix
77%RE $69.7M21%C&I $18.6M2%Consumer $2.0MQ4 2004Q4 2005
Deposit mix
87%Interest-bearing $219.9M13%Noninterest $31.5MQ4 2004Q4 2005

NIM

4.97%Q4 ’035.41%Q4 ’047.56%Q4 ’05+9%+27%

Non-interest income vs. expense

2.98%Q4 ’033.20%Q4 ’042.94%Q4 ’05+23%-6%

Executive Summary

  • Earnings: ROA of 1.16%, up 6 bps year over year; NIM at 5.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 94.41% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

1.16%+6 bps YoY

Net Interest Margin (quarter, annualized)

5.17%+109 bps YoY

Efficiency Ratio (quarter, annualized)

46.19%-1,297 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.10%0.87%0.90%1.15%1.16%+6 bps
Return on Equity6.11%4.84%5.21%6.91%7.92%+181 bps
Net Interest Margin4.08%3.97%4.54%4.84%5.17%+109 bps
Efficiency Ratio59.15%67.69%61.97%59.62%46.19%-1,297 bps
Non-Interest Burden2.35%2.64%2.72%2.80%2.20%-15 bps
Growth
Asset Growth (YoY)-5.90%-4.46%-5.27%7.63%134.19%+14,009 bps
Loan Growth (YoY)-8.19%-5.95%-6.17%8.99%120.63%+12,882 bps
Deposit Growth (YoY)12.22%7.81%13.11%14.25%155.65%+14,344 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%-0.06%-0.01%-0.05%-0.02%-4 bps
Allowance / Loans1.49%1.51%1.57%1.59%2.95%+146 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 Capital14.13%13.70%13.59%13.07%10.31%-382 bps
Equity / Assets18.36%17.41%17.11%16.34%13.82%-454 bps
Liquidity & Funding
Loans / Deposits109.39%108.39%109.89%106.76%94.41%-1,498 bps
Liquid Assets / Assets0.15%0.36%0.43%0.42%0.52%+37 bps
CRE / Total Capitaln/an/an/an/an/an/an/a