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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

6.34%Q4 ’047.81%Q4 ’058.04%Q4 ’06+12%-7%

Non-interest income vs. expense

2.41%Q4 ’042.16%Q4 ’056.59%Q4 ’06+4%+293%

Executive Summary

  • Earnings: ROA of -1.20%, down 301 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 0.00%.
  • Funding: loans stand at 101.08% of deposits as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

-1.20%-301 bps YoY

Net Interest Margin (quarter, annualized)

4.37%-34 bps YoY

Efficiency Ratio (quarter, annualized)

138.36%+9,750 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets1.81%1.60%2.11%2.13%-1.20%-301 bps
Return on Equity21.54%19.59%25.48%23.60%-7.44%-2,898 bps
Net Interest Margin4.71%4.72%4.86%4.80%4.37%-34 bps
Efficiency Ratio40.86%42.18%39.11%40.41%138.36%+9,750 bps
Non-Interest Burden1.58%1.73%1.46%1.43%6.20%+462 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 / Loans0.00%0.07%-0.01%0.01%0.00%0 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