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First National Bank of Gwinnett

Duluth, GA · Cert 35409

FDIC

Q2 2008

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2008, the quarter ended June 30, 2008, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First National Bank of Gwinnett

Duluth, GA · Cert 35409

FDIC

Q2 2008

$184.6MAssets
$155.3MLoans
$144.4MDeposits
$35.7MEquity
Loan mix
93%RE $105.1M7%C&I $7.7M0%Consumer $0.3MQ2 2007Q2 2008
Deposit mix
92%Interest-bearing $132.5M8%Noninterest $11.9MQ2 2007Q2 2008

NIM

6.68%Q2 ’067.28%Q2 ’071.48%Q2 ’08+0%-84%

Non-interest income vs. expense

2.06%Q2 ’061.74%Q2 ’070.59%Q2 ’08-8%-65%

Executive Summary

  • Earnings: ROA of 0.01%, down 119 bps year over year; NIM at 0.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 107.58% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

0.01%-119 bps YoY

Net Interest Margin (YTD, annualized)

0.58%-306 bps YoY

Efficiency Ratio (YTD, annualized)

84.16%+3,883 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.20%1.11%1.05%-0.67%0.01%-119 bps
Return on Equity6.83%6.47%6.22%-4.28%0.06%-677 bps
Net Interest Margin3.64%3.43%3.16%1.93%0.58%-306 bps
Efficiency Ratio45.33%45.93%48.14%82.53%84.16%+3,883 bps
Non-Interest Burden1.66%1.58%1.52%1.63%0.59%-107 bps
Growth
Asset Growth (YoY)11.44%17.88%20.09%15.71%0.07%-1,137 bps
Loan Growth (YoY)12.87%18.53%23.97%25.60%9.02%-386 bps
Deposit Growth (YoY)8.23%18.21%22.13%16.70%6.05%-217 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%0.04%0.06%0.03%-0.01%-7 bps
Allowance / Loans1.00%1.07%1.02%1.45%8.24%+724 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 Capital10.62%10.37%10.03%10.14%12.23%+161 bps
Equity / Assets17.05%16.27%15.72%15.67%19.36%+231 bps
Liquidity & Funding
Loans / Deposits104.65%102.33%103.14%106.01%107.58%+292 bps
Liquid Assets / Assets0.02%0.57%0.05%0.03%0.03%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a