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North Georgia Bank

Watkinsville, GA · Cert 35242

FDIC

Q4 2010

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2010, the quarter ended December 31, 2010, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

North Georgia Bank

Watkinsville, GA · Cert 35242

FDIC

Q4 2010

$153.2MAssets
$99.1MLoans
$139.7MDeposits
$540KEquity
Loan mix
96%RE $74.9M4%C&I $3.1M0%Consumer $0.0MQ4 2009Q4 2010
Deposit mix
97%Interest-bearing $136.0M3%Noninterest $3.7MQ4 2009Q4 2010

NIM

5.81%Q4 ’083.94%Q4 ’093.80%Q4 ’10-75%+102%

Non-interest income vs. expense

2.10%Q4 ’082.35%Q4 ’093.47%Q4 ’10+9%+53%

Executive Summary

  • Earnings: ROA of -4.52%, down 181 bps year over year; NIM at 1.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 6.20%.
  • Funding: loans stand at 70.94% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

-4.52%-181 bps YoY

Net Interest Margin (YTD, annualized)

1.20%+60 bps YoY

Efficiency Ratio (YTD, annualized)

243%-3,971 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-2.71%-1.00%-3.62%-3.73%-4.52%-181 bps
Return on Equity-47.94%-22.19%-87.85%-101.37%-147.12%-9,918 bps
Net Interest Margin0.59%0.87%1.03%1.14%1.20%+60 bps
Efficiency Ratio283%180.82%209%210%243%-3,971 bps
Non-Interest Burden2.11%2.07%2.66%2.80%3.24%+113 bps
Growth
Asset Growth (YoY)1.50%-11.60%-14.08%-9.49%-15.46%-1,695 bps
Loan Growth (YoY)-8.98%-13.94%-17.01%-16.05%-21.93%-1,295 bps
Deposit Growth (YoY)5.87%-10.56%-10.32%-3.64%-7.05%-1,292 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.75%1.03%5.38%4.49%6.20%+345 bps
Allowance / Loans2.10%1.94%1.29%1.71%1.17%-93 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 Capital7.93%7.82%5.85%4.48%1.66%-627 bps
Equity / Assets4.55%4.49%3.27%2.29%0.35%-420 bps
Liquidity & Funding
Loans / Deposits84.47%85.47%80.11%76.88%70.94%-1,352 bps
Liquid Assets / Assets3.61%5.24%1.69%1.68%1.15%-246 bps
CRE / Total Capitaln/an/an/an/an/an/an/a