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Eagle National Bank

Stockbridge, GA · Cert 34285

FDIC

Q3 2004

$67.9MAssets
$50.8MLoans
$61.9MDeposits
$5.8MEquity
Deposit mix
89%Interest-bearing $54.9M11%Noninterest $7.0MQ3 2003Q3 2004

NIM

6.42%Q3 ’025.75%Q3 ’035.61%Q3 ’04-4%-4%

Non-interest income vs. expense

3.45%Q3 ’024.53%Q3 ’034.92%Q3 ’04+26%+9%

Executive Summary

  • Earnings: ROA of -0.48%, down 28 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 82.10% of deposits as of Q3 2004.

Financial Results

Return on Assets (quarter, annualized)

-0.48%-28 bps YoY

Net Interest Margin (quarter, annualized)

3.92%-16 bps YoY

Efficiency Ratio (quarter, annualized)

112.57%+1,182 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets-0.20%-0.16%-0.19%0.39%-0.48%-28 bps
Return on Equity-2.03%-1.65%-1.99%4.24%-5.41%-338 bps
Net Interest Margin4.08%3.86%3.84%3.63%3.92%-16 bps
Efficiency Ratio100.75%101.83%103.13%87.09%112.57%+1,182 bps
Non-Interest Burden4.11%3.93%3.97%3.02%4.47%+36 bps
Growth
Asset Growth (YoY)4.95%-2.32%5.32%8.30%9.62%+466 bps
Loan Growth (YoY)-1.60%5.52%16.43%16.65%12.07%+1,367 bps
Deposit Growth (YoY)3.04%-1.88%6.35%9.49%13.78%+1,074 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.42%-1.51%0.00%0.00%0 bps
Allowance / Loans1.32%1.22%1.53%1.51%1.44%+12 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 Capital12.51%12.33%12.32%12.41%11.81%-70 bps
Equity / Assets9.43%9.56%9.21%9.10%8.61%-82 bps
Liquidity & Funding
Loans / Deposits83.36%82.14%82.76%83.65%82.10%-125 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a