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Gwinnett Banking Company

Lawrenceville, GA · Cert 34389

FDIC

Q4 2006

$465.5MAssets
$341.5MLoans
$337.9MDeposits
$101.0MEquity
Deposit mix
89%Interest-bearing $301.6M11%Noninterest $36.2MQ4 2005Q4 2006

NIM

5.53%Q4 ’046.83%Q4 ’057.79%Q4 ’06+17%+2%

Non-interest income vs. expense

2.34%Q4 ’042.23%Q4 ’053.16%Q4 ’06-19%+83%

Executive Summary

  • Earnings: ROA of 1.12%, down 69 bps year over year; NIM at 4.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 101.08% of deposits as of Q4 2006.

Financial Results

Return on Assets (YTD, annualized)

1.12%-69 bps YoY

Net Interest Margin (YTD, annualized)

4.37%+7 bps YoY

Efficiency Ratio (YTD, annualized)

64.13%+2,046 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets1.81%1.60%1.88%1.97%1.12%-69 bps
Return on Equity21.78%19.59%22.58%22.90%9.70%-1,207 bps
Net Interest Margin4.30%4.72%4.71%4.77%4.37%+7 bps
Efficiency Ratio43.67%42.18%40.56%40.51%64.13%+2,046 bps
Non-Interest Burden1.42%1.73%1.57%1.53%2.60%+118 bps
Growth
Asset Growth (YoY)21.08%25.54%18.22%10.36%22.46%+138 bps
Loan Growth (YoY)26.36%24.73%16.83%13.18%7.01%-1,935 bps
Deposit Growth (YoY)21.09%25.06%18.16%8.93%-1.40%-2,248 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.29%0.07%0.03%0.02%0.02%-27 bps
Allowance / Loans1.16%1.16%1.20%1.20%1.25%+9 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 Capital10.64%10.48%11.11%11.70%11.11%+47 bps
Equity / Assets8.38%7.97%8.59%9.47%21.70%+1,331 bps
Liquidity & Funding
Loans / Deposits93.14%93.58%93.77%98.67%101.08%+794 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