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Savannah Bank, National Association, The

Savannah, GA · Cert 33120

FDIC

Q3 2012

$671.5MAssets
$515.8MLoans
$586.3MDeposits
$57.1MEquity
Loan mix
88%RE $356.2M10%C&I $41.8M2%Consumer $7.9MQ3 2011Q3 2012
Deposit mix
96%Interest-bearing $563.6M4%Noninterest $22.7MQ3 2011Q3 2012

NIM

3.94%Q3 ’104.55%Q3 ’114.07%Q3 ’12+40%-6%

Non-interest income vs. expense

1.96%Q3 ’102.10%Q3 ’112.85%Q3 ’12+7%+44%

Executive Summary

  • Earnings: ROA of -5.42%, down 602 bps year over year; NIM at 3.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.44%.
  • Funding: loans stand at 87.98% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

-5.42%-602 bps YoY

Net Interest Margin (quarter, annualized)

3.53%-21 bps YoY

Efficiency Ratio (quarter, annualized)

82.26%+2,742 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.60%-0.42%-0.17%0.30%-5.42%-602 bps
Return on Equity6.58%-4.57%-1.89%3.27%-60.40%-6,697 bps
Net Interest Margin3.74%3.62%3.57%3.63%3.53%-21 bps
Efficiency Ratio54.84%57.63%59.06%58.79%82.26%+2,742 bps
Non-Interest Burden2.03%2.04%2.10%2.03%2.92%+90 bps
Growth
Asset Growth (YoY)-10.64%-7.42%-6.43%-4.51%-7.84%+280 bps
Loan Growth (YoY)-2.90%-6.77%-8.12%-8.95%-12.46%-956 bps
Deposit Growth (YoY)-12.00%-8.87%-7.87%-4.81%-7.02%+499 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.42%2.35%2.89%1.28%3.44%+202 bps
Allowance / Loans2.31%2.48%2.39%2.50%2.45%+14 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 Capital13.01%13.01%13.09%13.56%12.96%-5 bps
Equity / Assets9.17%9.04%9.19%9.43%8.51%-66 bps
Liquidity & Funding
Loans / Deposits93.45%89.89%90.10%89.28%87.98%-547 bps
Liquid Assets / Assets4.85%8.15%7.87%8.17%10.45%+560 bps
CRE / Total Capitaln/an/an/an/an/an/an/a