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Newnan Coweta Bank

Newnan, GA · Cert 35285

FDIC

Q1 2009

$212.6MAssets
$163.1MLoans
$190.1MDeposits
$5.3MEquity
Loan mix
75%RE $101.5M25%C&I $34.0M0%Consumer $0.0MQ1 2008Q1 2009
Deposit mix
94%Interest-bearing $178.8M6%Noninterest $11.3MQ1 2008Q1 2009

NIM

8.41%Q1 ’075.85%Q1 ’083.67%Q1 ’09-54%-75%

Non-interest income vs. expense

2.59%Q1 ’072.97%Q1 ’083.31%Q1 ’09+10%+24%

Executive Summary

  • Earnings: ROA of -6.17%, down 563 bps year over year; NIM at 0.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.28%.
  • Funding: loans stand at 85.83% of deposits as of Q1 2009.

Financial Results

Return on Assets (YTD, annualized)

-6.17%-563 bps YoY

Net Interest Margin (YTD, annualized)

0.50%-148 bps YoY

Efficiency Ratio (YTD, annualized)

432%+31,249 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets-0.54%-0.94%-3.01%-5.99%-6.17%-563 bps
Return on Equity-5.70%-10.23%-34.30%-76.51%-194.10%-18,840 bps
Net Interest Margin1.98%1.80%1.45%1.20%0.50%-148 bps
Efficiency Ratio119.28%133.32%164.11%312%432%+31,249 bps
Non-Interest Burden2.46%2.55%2.66%4.65%3.04%+58 bps
Growth
Asset Growth (YoY)2.15%1.87%-0.53%-6.50%-11.24%-1,338 bps
Loan Growth (YoY)-3.58%-4.23%-8.31%-7.68%-11.01%-743 bps
Deposit Growth (YoY)-5.42%-4.60%-5.80%-1.77%-4.49%+93 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.48%0.91%2.20%2.06%1.28%+79 bps
Allowance / Loans1.36%1.43%3.53%4.35%5.52%+416 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 Capital11.91%11.45%9.55%5.80%4.09%-782 bps
Equity / Assets9.37%8.84%7.35%3.85%2.47%-690 bps
Liquidity & Funding
Loans / Deposits92.12%90.70%87.31%85.93%85.83%-629 bps
Liquid Assets / Assets0.24%0.20%0.21%0.21%0.26%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a