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Dalton Whitfield Bank

Dalton, GA · Cert 35264

FDIC

Q2 2003

$270.7MAssets
$180.6MLoans
$230.6MDeposits
$32.8MEquity
Loan mix
48%RE $49.8M52%C&I $53.8M0%Consumer $0.2MQ2 2002Q2 2003
Deposit mix
84%Interest-bearing $193.2M16%Noninterest $37.4MQ2 2002Q2 2003

NIM

7.30%Q2 ’015.79%Q2 ’024.31%Q2 ’03+6%-20%

Non-interest income vs. expense

3.10%Q2 ’012.70%Q2 ’022.67%Q2 ’03-28%+1%

Executive Summary

  • Earnings: ROA of 0.51%, down 45 bps year over year; NIM at 2.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.25%.
  • Funding: loans stand at 78.33% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

0.51%-45 bps YoY

Net Interest Margin (YTD, annualized)

2.74%-70 bps YoY

Efficiency Ratio (YTD, annualized)

71.59%+971 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.95%0.81%0.84%0.32%0.51%-45 bps
Return on Equity8.04%7.08%7.32%2.70%4.29%-374 bps
Net Interest Margin3.44%3.27%3.26%3.39%2.74%-70 bps
Efficiency Ratio61.87%61.81%60.87%73.24%71.59%+971 bps
Non-Interest Burden1.78%1.69%1.63%2.18%1.79%+1 bps
Growth
Asset Growth (YoY)23.50%24.90%13.46%71.94%57.67%+3,418 bps
Loan Growth (YoY)19.01%2.98%6.78%49.92%42.04%+2,303 bps
Deposit Growth (YoY)30.34%30.11%17.21%72.34%55.53%+2,519 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.23%0.22%0.45%0.30%0.25%+3 bps
Allowance / Loans1.39%1.54%1.45%1.56%1.59%+20 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 Capital11.84%11.62%12.32%12.44%12.73%+89 bps
Equity / Assets11.49%10.53%11.65%11.69%12.12%+62 bps
Liquidity & Funding
Loans / Deposits85.77%78.84%86.22%78.84%78.33%-744 bps
Liquid Assets / Assets0.02%0.02%0.58%0.39%0.44%+42 bps
CRE / Total Capitaln/an/an/an/an/an/an/a