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Integrity Bank

Alpharetta, GA · Cert 35469

FDIC

Q2 2008

$1.1BAssets
$849.8MLoans
$962.5MDeposits
$34.3MEquity
Loan mix
98%RE $718.7M2%C&I $14.2M0%Consumer $0.0MQ2 2007Q2 2008
Deposit mix
99%Interest-bearing $950.5M1%Noninterest $12.0MQ2 2007Q2 2008

NIM

8.48%Q2 ’066.98%Q2 ’073.17%Q2 ’08-49%-152%

Non-interest income vs. expense

1.95%Q2 ’061.55%Q2 ’071.74%Q2 ’08-24%+15%

Executive Summary

  • Earnings: ROA of -8.30%, up 197 bps year over year; NIM at -1.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.54%.
  • Funding: loans stand at 88.29% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

-8.30%+197 bps YoY

Net Interest Margin (quarter, annualized)

-1.20%-351 bps YoY

Efficiency Ratio (quarter, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets-10.27%0.37%-5.84%-3.18%-8.30%+197 bps
Return on Equity-130.04%5.72%-96.20%-59.26%-202%-7,159 bps
Net Interest Margin2.31%2.35%1.54%-0.23%-1.20%-351 bps
Efficiency Ratio63.44%53.97%106.59%n/an/an/a
Non-Interest Burden1.41%1.21%1.65%2.70%1.62%+21 bps
Growth
Asset Growth (YoY)29.89%27.94%7.99%-0.39%-10.69%-4,058 bps
Loan Growth (YoY)26.00%16.37%-0.32%-10.62%-17.24%-4,324 bps
Deposit Growth (YoY)22.58%32.46%7.46%11.02%-3.55%-2,613 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans13.58%0.01%5.70%0.08%1.54%-1,204 bps
Allowance / Loans2.38%2.58%4.10%4.85%4.30%+192 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 Capital9.68%10.10%9.00%8.10%7.06%-262 bps
Equity / Assets6.48%6.45%5.66%5.05%3.10%-338 bps
Liquidity & Funding
Loans / Deposits102.89%92.35%93.84%86.41%88.29%-1,460 bps
Liquid Assets / Assets0.04%0.02%0.01%5.92%0.03%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a