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Chestatee State Bank

Dawsonville, GA · Cert 34578

FDIC

Q3 2010

$244.4MAssets
$170.6MLoans
$240.5MDeposits
$2.1MEquity
Loan mix
91%RE $140.8M8%C&I $11.9M1%Consumer $1.5MQ3 2009Q3 2010
Deposit mix
94%Interest-bearing $226.2M6%Noninterest $14.3MQ3 2009Q3 2010

NIM

4.90%Q3 ’083.74%Q3 ’093.86%Q3 ’10-52%+121%

Non-interest income vs. expense

2.55%Q3 ’082.91%Q3 ’093.51%Q3 ’10+19%+145%

Executive Summary

  • Earnings: ROA of -11.10%, down 845 bps year over year; NIM at 1.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 13.96%.
  • Funding: loans stand at 70.94% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

-11.10%-845 bps YoY

Net Interest Margin (quarter, annualized)

1.89%+103 bps YoY

Efficiency Ratio (quarter, annualized)

344%+7,583 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-2.65%-3.74%-2.53%-3.69%-11.10%-845 bps
Return on Equity-45.62%-72.26%-55.23%-92.85%-485%-43,971 bps
Net Interest Margin0.86%1.26%1.80%1.88%1.89%+103 bps
Efficiency Ratio268%484%184.75%168.50%344%+7,583 bps
Non-Interest Burden2.68%6.17%3.55%3.39%6.57%+389 bps
Growth
Asset Growth (YoY)1.68%0.18%-3.67%-11.21%-16.01%-1,769 bps
Loan Growth (YoY)-10.14%-11.37%-13.38%-13.15%-16.42%-628 bps
Deposit Growth (YoY)5.39%4.31%0.17%-7.33%-10.49%-1,588 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.07%8.64%5.18%1.55%13.96%+1,089 bps
Allowance / Loans4.46%3.11%2.25%2.69%1.91%-255 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 Capital7.98%7.15%6.43%5.50%2.07%-591 bps
Equity / Assets5.48%4.86%4.31%3.63%0.87%-462 bps
Liquidity & Funding
Loans / Deposits75.98%75.73%72.65%73.37%70.94%-503 bps
Liquid Assets / Assets12.59%1.01%0.62%6.46%7.14%-545 bps
CRE / Total Capitaln/an/an/an/an/an/an/a