PackageTrendsPeer
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Sapelo National Bank

Darien, GA · Cert 34235

FDIC

Q3 2006

$63.9MAssets
$49.9MLoans
$53.2MDeposits
$6.9MEquity
Loan mix
49%RE $11.0M49%C&I $10.9M1%Consumer $0.3MQ4 2004Q3 2006
Deposit mix
88%Interest-bearing $46.8M12%Noninterest $6.5MQ4 2004Q3 2006

Executive Summary

  • Earnings: ROA of 1.14%, up 32 bps year over year; NIM at 5.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 93.75% of deposits as of Q3 2006.

Return on Assets (YTD, annualized)

1.14%+32 bps YoY

Net Interest Margin (YTD, annualized)

5.34%+89 bps YoY

Efficiency Ratio (YTD, annualized)

68.02%-247 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.17%Q3 ’046.08%Q3 ’057.34%Q3 ’06+14%+20%

Non-interest income vs. expense

3.79%Q3 ’044.02%Q3 ’054.14%Q3 ’06+7%+23%

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.67%0.76%0.76%0.82%0.91%1.03%1.13%1.14%+32 bps
Return on Equity8.59%9.84%9.04%9.49%10.10%9.84%10.56%10.68%+119 bps
Net Interest Margin3.08%4.13%4.40%4.45%3.49%4.98%5.26%5.34%+89 bps
Efficiency Ratio74.00%71.10%71.83%70.49%70.08%68.77%68.02%68.02%-247 bps
Non-Interest Burden2.05%2.56%2.79%2.76%2.19%3.19%3.35%3.39%+63 bps
Growth
Asset Growth (YoY)4.80%-4.55%7.78%23.18%-35.97%9.73%-2.45%-1.59%-2,477 bps
Loan Growth (YoY)1.71%2.61%10.62%6.26%-2.49%1.16%7.69%18.07%+1,181 bps
Deposit Growth (YoY)6.52%-1.62%13.80%33.30%-39.09%13.10%-6.00%-4.56%-3,786 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.14%0.24%0.18%0.21%0.25%-0.08%0.19%0.11%-10 bps
Allowance / Loans1.08%1.03%1.02%1.10%1.12%1.14%0.97%1.00%-9 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital10.94%12.43%12.19%12.94%13.46%13.19%12.63%12.69%-25 bps
Equity / Assets5.99%10.61%10.04%9.70%10.34%10.51%11.20%10.83%+113 bps
Liquidity & Funding
Loans / Deposits47.50%92.27%85.78%75.78%76.04%82.53%98.27%93.75%+1,797 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a