PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Belk National Bank

Lawrenceville, GA · Cert 34963

FDIC

Q4 2005

$12.9MAssets
$3.6MLoans
$6.0MDeposits
$3.1MEquity
Deposit mix
8%Interest-bearing $0.5M92%Noninterest $5.5MQ1 2004Q4 2005

Executive Summary

  • Earnings: ROA of 2.71%, up 27 bps year over year; NIM at 1.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 59.47% of deposits as of Q4 2005.

Return on Assets (YTD, annualized)

2.71%+27 bps YoY

Net Interest Margin (YTD, annualized)

1.17%+59 bps YoY

Efficiency Ratio (YTD, annualized)

39.54%-732 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

0.67%Q4 ’030.77%Q4 ’041.54%Q4 ’05+2%+103%

Non-interest income vs. expense

5.42%Q4 ’034.79%Q4 ’044.01%Q4 ’05-12%-2%

Year to date, annualized, through each quarter.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.06%1.52%1.85%2.43%1.61%2.02%2.22%2.71%+27 bps
Return on Equity3.07%4.50%5.29%7.81%6.50%7.28%7.49%9.60%+180 bps
Net Interest Margin0.78%0.56%0.65%0.58%1.11%1.29%1.33%1.17%+59 bps
Efficiency Ratio73.11%64.29%59.12%46.86%51.63%49.09%47.79%39.54%-732 bps
Non-Interest Burden-2.00%-3.27%-3.91%-4.86%-4.38%-4.86%-4.62%-4.96%-11 bps
Growth
Asset Growth (YoY)-45.73%-26.08%10.55%60.49%40.27%-1.59%14.91%2.67%-5,781 bps
Loan Growth (YoY)-61.02%-41.53%2.55%225%27.27%-32.03%-1.66%-13.29%-23,833 bps
Deposit Growth (YoY)-53.85%-30.00%20.00%37.50%66.67%0.00%16.67%9.09%-2,841 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital79.48%70.90%92.47%44.88%66.61%90.66%94.40%52.11%+723 bps
Equity / Assets35.84%32.43%38.69%22.27%27.84%36.09%36.98%23.86%+159 bps
Liquidity & Funding
Loans / Deposits57.57%59.94%44.20%74.82%43.96%40.74%37.26%59.47%-1,535 bps
Liquid Assets / Assets73.55%73.26%79.09%66.50%76.90%5.27%81.95%71.42%+492 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a