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Letter portraitLegal landscapeQuarterYTD

First Bank of Gwinnett

Lawrenceville, GA · Cert 35390

FDIC

Q2 2007

$817.2MAssets
$544.4MLoans
$581.0MDeposits
$214.4MEquity
Deposit mix
82%Interest-bearing $478.9M18%Noninterest $102.0MQ2 2006Q2 2007

NIM

6.02%Q2 ’057.29%Q2 ’061.03%Q2 ’07+8%-87%

Non-interest income vs. expense

1.70%Q2 ’051.76%Q2 ’060.24%Q2 ’07+11%-86%

Executive Summary

  • Earnings: ROA of 0.28%, down 173 bps year over year; NIM at 0.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 93.71% of deposits as of Q2 2007.

Financial Results

Return on Assets (YTD, annualized)

0.28%-173 bps YoY

Net Interest Margin (YTD, annualized)

0.62%-414 bps YoY

Efficiency Ratio (YTD, annualized)

35.31%+31 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets2.01%2.02%1.96%1.85%0.28%-173 bps
Return on Equity19.34%18.78%18.00%17.03%1.68%-1,766 bps
Net Interest Margin4.76%4.78%4.50%4.34%0.62%-414 bps
Efficiency Ratio35.00%34.35%34.00%30.36%35.31%+31 bps
Non-Interest Burden1.57%1.55%1.45%1.15%0.22%-135 bps
Growth
Asset Growth (YoY)41.27%34.56%43.38%9.80%30.74%-1,053 bps
Loan Growth (YoY)40.81%36.72%32.38%4.27%8.01%-3,280 bps
Deposit Growth (YoY)39.01%31.27%38.01%10.31%7.35%-3,165 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.04%0.31%0.00%-1 bps
Allowance / Loans1.43%1.40%1.35%1.34%1.30%-13 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 Capital12.00%12.10%12.10%11.30%10.43%-157 bps
Equity / Assets11.23%11.79%11.37%10.40%26.24%+1,501 bps
Liquidity & Funding
Loans / Deposits93.15%97.45%91.61%88.18%93.71%+57 bps
Liquid Assets / Assets0.29%0.29%0.27%0.26%0.01%-28 bps
CRE / Total Capitaln/an/an/an/an/an/an/a