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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

7.33%Q2 ’015.86%Q2 ’025.12%Q2 ’03+8%-7%

Non-interest income vs. expense

3.15%Q2 ’012.72%Q2 ’023.18%Q2 ’03-29%+21%

Executive Summary

  • Earnings: ROA of 0.63%, down 34 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.20%.
  • Funding: loans stand at 78.33% of deposits as of Q2 2003.

Financial Results

Return on Assets (quarter, annualized)

0.63%-34 bps YoY

Net Interest Margin (quarter, annualized)

3.27%-25 bps YoY

Efficiency Ratio (quarter, annualized)

70.45%+958 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.97%0.57%0.89%0.32%0.63%-34 bps
Return on Equity8.27%5.23%8.01%2.70%5.33%-294 bps
Net Interest Margin3.52%3.45%3.44%3.39%3.27%-25 bps
Efficiency Ratio60.86%61.68%58.38%73.24%70.45%+958 bps
Non-Interest Burden1.77%1.80%1.55%2.18%2.15%+38 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 / Loans0.37%0.22%1.15%0.30%0.20%-17 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