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First Community Bank of Georgia

Roberta, GA · Cert 34580

FDIC

Q4 2006

$69.7MAssets
$49.7MLoans
$58.1MDeposits
$8.2MEquity
Loan mix
70%RE $13.2M29%C&I $5.5M1%Consumer $0.1MQ4 2005Q4 2006
Deposit mix
80%Interest-bearing $46.5M20%Noninterest $11.6MQ4 2005Q4 2006

NIM

5.76%Q4 ’046.67%Q4 ’057.47%Q4 ’06+6%+3%

Non-interest income vs. expense

3.73%Q4 ’043.52%Q4 ’053.25%Q4 ’06-5%-8%

Executive Summary

  • Earnings: ROA of 1.00%, down 33 bps year over year; NIM at 4.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.17%.
  • Funding: loans stand at 85.54% of deposits as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

1.00%-33 bps YoY

Net Interest Margin (quarter, annualized)

4.73%+14 bps YoY

Efficiency Ratio (quarter, annualized)

57.59%-575 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets1.33%1.30%1.61%1.70%1.00%-33 bps
Return on Equity12.36%12.08%15.29%15.91%8.78%-358 bps
Net Interest Margin4.59%4.62%4.84%4.94%4.73%+14 bps
Efficiency Ratio63.34%63.55%56.65%55.17%57.59%-575 bps
Non-Interest Burden2.55%2.62%2.36%2.30%2.33%-22 bps
Growth
Asset Growth (YoY)8.72%9.01%11.40%8.22%2.17%-655 bps
Loan Growth (YoY)11.08%9.52%13.96%5.38%-3.02%-1,410 bps
Deposit Growth (YoY)6.76%5.80%9.11%4.99%2.36%-440 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%0.25%-0.20%-0.09%0.17%-4 bps
Allowance / Loans1.36%1.35%1.31%1.46%1.78%+42 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 Capital15.23%15.30%14.81%16.21%16.98%+176 bps
Equity / Assets10.73%10.77%10.34%10.99%11.75%+102 bps
Liquidity & Funding
Loans / Deposits90.29%89.77%92.97%87.84%85.54%-474 bps
Liquid Assets / Assets0.73%0.81%0.87%0.93%0.93%+21 bps
CRE / Total Capitaln/an/an/an/an/an/an/a