PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Security Exchange Bank

Marietta, GA · Cert 35299

FDIC

Q1 2012

$151.0MAssets
$71.4MLoans
$147.9MDeposits
$2.9MEquity
Loan mix
84%RE $42.5M15%C&I $7.6M1%Consumer $0.6MQ1 2011Q1 2012
Deposit mix
97%Interest-bearing $143.8M3%Noninterest $4.1MQ1 2011Q1 2012

NIM

4.38%Q1 ’103.40%Q1 ’112.54%Q1 ’12+1%-20%

Non-interest income vs. expense

2.50%Q1 ’102.53%Q1 ’112.92%Q1 ’12-6%-24%

Executive Summary

  • Earnings: ROA of -0.73%, up 2 bps year over year; NIM at 1.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.81%.
  • Funding: loans stand at 48.29% of deposits as of Q1 2012.

Financial Results

Return on Assets (YTD, annualized)

-0.73%+2 bps YoY

Net Interest Margin (YTD, annualized)

1.45%-35 bps YoY

Efficiency Ratio (YTD, annualized)

122.00%-2,426 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets-0.75%-2.37%-1.57%-2.01%-0.73%+2 bps
Return on Equity-21.78%-74.65%-49.25%-67.88%-36.75%-1,497 bps
Net Interest Margin1.81%1.90%2.07%2.11%1.45%-35 bps
Efficiency Ratio146.26%342%201%361%122.00%-2,426 bps
Non-Interest Burden2.61%3.89%3.59%4.42%1.98%-63 bps
Growth
Asset Growth (YoY)-5.33%-1.66%-9.66%-7.57%-13.54%-821 bps
Loan Growth (YoY)-18.92%-17.77%-10.31%-13.23%-17.42%+150 bps
Deposit Growth (YoY)-3.34%1.20%-8.44%-5.92%-12.29%-894 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.39%1.50%1.40%1.42%3.81%+242 bps
Allowance / Loans3.09%3.16%3.09%3.12%2.46%-63 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 Capital6.06%4.81%4.96%3.97%3.79%-227 bps
Equity / Assets3.29%2.61%3.19%2.03%1.95%-134 bps
Liquidity & Funding
Loans / Deposits51.29%50.92%51.87%49.27%48.29%-300 bps
Liquid Assets / Assets4.76%4.27%8.79%10.03%8.29%+353 bps
CRE / Total Capitaln/an/an/an/an/an/an/a