PackageTrendsPeer
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Southern National Bank

Marietta, GA · Cert 34855

FDIC

Q3 2006

$345.9MAssets
$264.2MLoans
$307.8MDeposits
$25.2MEquity
Loan mix
63%RE $20.5M37%C&I $12.0M0%Consumer $0.0MQ3 2005Q3 2006
Deposit mix
92%Interest-bearing $283.0M8%Noninterest $24.8MQ3 2005Q3 2006

NIM

5.54%Q3 ’046.54%Q3 ’057.88%Q3 ’06+11%+14%

Non-interest income vs. expense

2.70%Q3 ’043.02%Q3 ’052.39%Q3 ’06-27%+24%

Executive Summary

  • Earnings: ROA of 2.15%, up 34 bps year over year; NIM at 4.51%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.29%.
  • Funding: loans stand at 85.85% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

2.15%+34 bps YoY

Net Interest Margin (quarter, annualized)

4.51%+54 bps YoY

Efficiency Ratio (quarter, annualized)

49.89%-719 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.81%1.98%1.37%2.38%2.15%+34 bps
Return on Equity25.89%26.80%18.28%33.61%30.16%+427 bps
Net Interest Margin3.97%3.65%4.14%4.31%4.51%+54 bps
Efficiency Ratio57.08%46.24%57.59%52.07%49.89%-719 bps
Non-Interest Burden1.70%1.35%2.26%2.11%2.11%+41 bps
Growth
Asset Growth (YoY)20.13%11.11%15.17%21.69%20.37%+24 bps
Loan Growth (YoY)9.32%11.51%17.98%22.25%46.37%+3,705 bps
Deposit Growth (YoY)19.87%16.55%16.73%20.33%17.85%-202 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.44%0.01%0.00%0.46%0.29%+72 bps
Allowance / Loans1.86%1.96%1.84%1.51%1.39%-46 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 Capital11.35%11.57%10.43%10.25%10.28%-107 bps
Equity / Assets6.98%7.82%7.19%6.96%7.29%+32 bps
Liquidity & Funding
Loans / Deposits69.12%81.29%86.34%83.32%85.85%+1,673 bps
Liquid Assets / Assets2.93%3.02%2.60%2.29%1.74%-119 bps
CRE / Total Capitaln/an/an/an/an/an/an/a