PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First National Bank of South Georgia

Albany, GA · Cert 33416

FDIC

Q4 2005

$103.1MAssets
$91.4MLoans
$78.8MDeposits
$7.7MEquity
Loan mix
66%RE $35.0M34%C&I $17.7M0%Consumer $0.2MQ4 2004Q4 2005
Deposit mix
89%Interest-bearing $70.3M11%Noninterest $8.5MQ4 2004Q4 2005

NIM

5.68%Q4 ’035.73%Q4 ’046.02%Q4 ’05+4%-7%

Non-interest income vs. expense

2.49%Q4 ’032.70%Q4 ’042.58%Q4 ’05+20%-4%

Executive Summary

  • Earnings: ROA of 1.13%, down 11 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 115.96% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

1.13%-11 bps YoY

Net Interest Margin (YTD, annualized)

3.76%-26 bps YoY

Efficiency Ratio (YTD, annualized)

58.44%+130 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.24%0.76%0.97%0.99%1.13%-11 bps
Return on Equity15.62%10.30%13.46%14.07%15.84%+23 bps
Net Interest Margin4.03%3.92%3.95%3.76%3.76%-26 bps
Efficiency Ratio57.14%62.10%60.49%60.09%58.44%+130 bps
Non-Interest Burden2.00%2.20%2.10%1.98%1.93%-7 bps
Growth
Asset Growth (YoY)6.25%8.69%20.05%27.23%20.33%+1,408 bps
Loan Growth (YoY)8.47%9.93%21.07%33.18%25.48%+1,702 bps
Deposit Growth (YoY)6.17%20.01%24.34%36.50%34.22%+2,806 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.20%-0.02%0.01%0.03%-0.01%-22 bps
Allowance / Loans1.43%1.53%1.48%1.43%1.39%-3 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 Capital10.55%10.44%10.02%9.71%10.88%+32 bps
Equity / Assets7.47%7.25%6.85%6.64%7.50%+3 bps
Liquidity & Funding
Loans / Deposits124.04%115.36%100.86%109.47%115.96%-808 bps
Liquid Assets / Assets0.16%0.18%0.30%0.28%1.16%+100 bps
CRE / Total Capitaln/an/an/an/an/an/an/a