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Satilla Community Bank

Saint Marys, GA · Cert 35114

FDIC

Q1 2010

$135.7MAssets
$96.6MLoans
$134.0MDeposits
$1.2MEquity
Loan mix
96%RE $79.3M4%C&I $3.1M0%Consumer $0.0MQ1 2009Q1 2010
Deposit mix
97%Interest-bearing $129.8M3%Noninterest $4.2MQ1 2009Q1 2010

NIM

6.99%Q1 ’085.56%Q1 ’094.00%Q1 ’10-20%-56%

Non-interest income vs. expense

1.82%Q1 ’082.06%Q1 ’092.38%Q1 ’10+36%+112%

Executive Summary

  • Earnings: ROA of -11.37%, down 1,129 bps year over year; NIM at 1.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.67%.
  • Funding: loans stand at 72.08% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-11.37%-1,129 bps YoY

Net Interest Margin (quarter, annualized)

1.08%-138 bps YoY

Efficiency Ratio (quarter, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-0.07%-1.18%-5.41%-10.52%-11.37%-1,129 bps
Return on Equity-0.92%-16.99%-89.11%-221%-502%-50,068 bps
Net Interest Margin2.46%1.45%1.59%0.53%1.08%-138 bps
Efficiency Ratio89.36%112.19%336%126.61%n/an/a
Non-Interest Burden2.22%1.64%2.90%1.05%4.70%+249 bps
Growth
Asset Growth (YoY)-5.06%21.85%-1.43%-0.30%-13.21%-815 bps
Loan Growth (YoY)-12.19%-7.89%-11.38%-14.78%-15.78%-359 bps
Deposit Growth (YoY)-9.78%27.68%2.77%5.14%0.10%+988 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.55%2.49%5.33%10.42%7.67%+512 bps
Allowance / Loans2.64%2.03%2.96%4.51%5.71%+307 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 Capital10.77%10.64%9.60%6.48%2.48%-829 bps
Equity / Assets7.77%6.24%5.87%3.57%0.87%-691 bps
Liquidity & Funding
Loans / Deposits85.67%64.45%70.91%71.23%72.08%-1,359 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.03%+3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a