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Gateway Bank & Trust

Ringgold, GA · Cert 34239

FDIC

Q2 2012

$249.0MAssets
$140.3MLoans
$217.1MDeposits
$23.9MEquity
Loan mix
86%RE $108.3M12%C&I $15.4M2%Consumer $2.4MQ2 2011Q2 2012
Deposit mix
88%Interest-bearing $190.5M12%Noninterest $26.6MQ2 2011Q2 2012

NIM

5.22%Q2 ’104.66%Q2 ’112.21%Q2 ’12-2%-43%

Non-interest income vs. expense

2.77%Q2 ’102.57%Q2 ’111.05%Q2 ’12-10%-59%

Executive Summary

  • Earnings: ROA of 0.43%, up 20 bps year over year; NIM at 2.07%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
  • Funding: loans stand at 64.61% of deposits as of Q2 2012.

Financial Results

Return on Assets (YTD, annualized)

0.43%+20 bps YoY

Net Interest Margin (YTD, annualized)

2.07%-156 bps YoY

Efficiency Ratio (YTD, annualized)

46.51%-1,613 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets0.23%1-0.44%-0.92%-2.58%0.43%+20 bps
Return on Equity2.40%-4.72%-9.92%-29.70%4.77%+237 bps
Net Interest Margin3.63%3.63%3.71%3.36%2.07%-156 bps
Efficiency Ratio62.64%64.42%69.72%81.22%46.51%-1,613 bps
Non-Interest Burden2.10%2.18%2.48%2.66%0.86%-124 bps
Growth
Asset Growth (YoY)-0.50%-0.96%-5.20%-7.58%-7.76%-726 bps
Loan Growth (YoY)-8.84%-11.52%-17.56%-19.50%-20.76%-1,192 bps
Deposit Growth (YoY)1.83%-0.63%-4.19%-6.49%-8.60%-1,042 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.71%3.47%3.70%4.58%-0.05%-377 bps
Allowance / Loans1.98%3.07%3.66%4.09%0.60%-138 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 Capital14.92%14.84%14.39%14.08%14.96%+4 bps
Equity / Assets9.41%9.24%8.93%8.41%9.62%+20 bps
Liquidity & Funding
Loans / Deposits74.53%71.95%69.32%66.30%64.61%-992 bps
Liquid Assets / Assets19.47%16.27%0.38%19.25%20.89%+142 bps
CRE / Total Capitaln/an/an/an/an/an/an/a