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Rockdale National Bank

Conyers, GA · Cert 34506

FDIC

Q4 2004

$209.2MAssets
$159.7MLoans
$161.0MDeposits
$40.7MEquity
Loan mix
45%RE $9.3M55%C&I $11.4M1%Consumer $0.1MQ4 2003Q4 2004
Deposit mix
84%Interest-bearing $135.6M16%Noninterest $25.4MQ4 2003Q4 2004

NIM

6.49%Q4 ’025.68%Q4 ’03-11.82%Q4 ’04-8%-303%

Non-interest income vs. expense

3.20%Q4 ’023.11%Q4 ’03-6.35%Q4 ’04-3%-318%

Executive Summary

  • Earnings: ROA of -2.27%, down 350 bps year over year; NIM at -7.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.15%.
  • Funding: loans stand at 99.21% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

-2.27%-350 bps YoY

Net Interest Margin (quarter, annualized)

-7.97%-1,190 bps YoY

Efficiency Ratio (quarter, annualized)

36.65%-2,300 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets1.22%1.13%1.02%1.21%-2.27%-350 bps
Return on Equity14.85%14.17%12.96%15.27%-16.25%-3,110 bps
Net Interest Margin3.93%3.92%3.60%3.98%-7.97%-1,190 bps
Efficiency Ratio59.65%59.06%59.36%54.92%36.65%-2,300 bps
Non-Interest Burden1.83%1.84%1.71%1.72%-3.97%-580 bps
Growth
Asset Growth (YoY)30.30%33.50%27.35%33.74%33.84%+355 bps
Loan Growth (YoY)35.34%34.53%22.36%31.07%22.42%-1,292 bps
Deposit Growth (YoY)30.53%34.40%27.94%34.96%14.50%-1,602 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.01%0.00%0.14%-0.15%-17 bps
Allowance / Loans1.30%1.26%1.37%1.30%1.34%+4 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 Capital10.16%10.14%10.59%10.13%10.25%+8 bps
Equity / Assets8.20%7.81%7.94%7.90%19.46%+1,126 bps
Liquidity & Funding
Loans / Deposits92.80%87.37%87.17%90.28%99.21%+641 bps
Liquid Assets / Assets0.09%0.07%1.50%0.07%0.26%+16 bps
CRE / Total Capitaln/an/an/an/an/an/an/a