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North Atlanta National Bank

Alpharetta, GA · Cert 34661

FDIC

Q3 2007

$135.3MAssets
$113.9MLoans
$118.0MDeposits
$11.1MEquity
Loan mix
61%RE $61.3M38%C&I $38.6M1%Consumer $0.7MQ3 2006Q3 2007
Deposit mix
92%Interest-bearing $108.7M8%Noninterest $9.4MQ3 2006Q3 2007

NIM

5.86%Q3 ’057.06%Q3 ’067.56%Q3 ’07+2%-3%

Non-interest income vs. expense

2.39%Q3 ’052.04%Q3 ’062.43%Q3 ’07-11%+19%

Executive Summary

  • Earnings: ROA of 0.73%, down 25 bps year over year; NIM at 3.42%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 96.49% of deposits as of Q3 2007.

Financial Results

Return on Assets (YTD, annualized)

0.73%-25 bps YoY

Net Interest Margin (YTD, annualized)

3.42%-10 bps YoY

Efficiency Ratio (YTD, annualized)

67.41%+1,197 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets0.98%0.99%0.65%0.88%0.73%-25 bps
Return on Equity13.47%13.51%8.58%11.41%9.31%-417 bps
Net Interest Margin3.52%3.54%3.34%3.38%3.42%-10 bps
Efficiency Ratio55.44%56.64%65.85%58.95%67.41%+1,197 bps
Non-Interest Burden1.89%1.94%2.17%1.92%2.25%+37 bps
Growth
Asset Growth (YoY)16.60%11.91%10.52%2.59%1.50%-1,509 bps
Loan Growth (YoY)14.48%14.37%11.53%9.19%3.11%-1,137 bps
Deposit Growth (YoY)18.33%9.52%9.62%2.57%0.51%-1,782 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.01%0.07%0.17%0.13%+14 bps
Allowance / Loans1.15%1.09%1.09%1.07%1.13%-1 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 Capital10.76%10.62%10.56%10.74%11.54%+78 bps
Equity / Assets7.41%7.68%7.58%7.79%8.21%+79 bps
Liquidity & Funding
Loans / Deposits94.06%101.16%96.74%98.41%96.49%+243 bps
Liquid Assets / Assets0.07%0.04%0.05%0.08%0.05%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a