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Premier National Bank

Dalton, GA · Cert 34329

FDIC

Q4 2002

$84.8MAssets
$63.1MLoans
$73.5MDeposits
$7.1MEquity
Loan mix
48%RE $16.2M52%C&I $17.5M0%Consumer $0.1MQ4 2001Q4 2002
Deposit mix
84%Interest-bearing $62.1M16%Noninterest $11.4MQ4 2001Q4 2002

NIM

8.01%Q1 ’016.95%Q4 ’016.46%Q4 ’02-7%+13%

Non-interest income vs. expense

3.59%Q1 ’013.27%Q4 ’013.35%Q4 ’02+12%-12%

Executive Summary

  • Earnings: ROA of 0.45%, up 73 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.47%.
  • Funding: loans stand at 85.92% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

0.45%+73 bps YoY

Net Interest Margin (YTD, annualized)

3.76%+44 bps YoY

Efficiency Ratio (YTD, annualized)

77.11%-1,718 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets-0.27%0.38%0.67%0.48%0.45%+73 bps
Return on Equityn/a4.80%8.38%5.98%5.59%n/a
Net Interest Margin3.32%3.53%3.85%3.79%3.76%+44 bps
Efficiency Ratio94.29%81.17%75.91%75.16%77.11%-1,718 bps
Non-Interest Burden3.13%2.75%2.77%2.68%2.77%-36 bps
Growth
Asset Growth (YoY)32.26%17.13%13.28%4.19%-0.53%-3,279 bps
Loan Growth (YoY)38.14%33.77%14.45%1.41%-4.60%-4,274 bps
Deposit Growth (YoY)32.18%15.63%10.85%0.67%-1.29%-3,348 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.33%0.03%-0.01%0.53%0.47%+14 bps
Allowance / Loans1.27%1.37%1.30%1.27%1.29%+2 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 Capital10.65%11.11%11.34%11.24%11.71%+106 bps
Equity / Assets7.69%8.10%8.37%8.22%8.33%+64 bps
Liquidity & Funding
Loans / Deposits88.90%90.32%93.44%87.74%85.92%-298 bps
Liquid Assets / Assets0.12%0.00%0.00%0.00%0.00%-12 bps
CRE / Total Capitaln/an/an/an/an/an/an/a