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Heritagebank of the South

Albany, GA · Cert 50028

FDIC · 35 branches

Q2 2015

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 2015, the quarter ended June 30, 2015, 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

Heritagebank of the South

Albany, GA · Cert 50028

FDIC · 35 branches

Q2 2015

$1.9BAssets
$1.5BLoans
$1.4BDeposits
$152.5MEquity
Loan mix
88%RE $1.1B10%C&I $0.1B2%Consumer $0.0BQ3 2013Q2 2015
Deposit mix
80%Interest-bearing $1.1B20%Noninterest $0.3BQ3 2013Q2 2015

Market Position · Albany, GA · 2015 SOD (annual) · 12.7% share · #2 of 15 inst. · $0.3B of $2.1B

1.5% Gwinnett
15.9% Dougherty
2.9% Marion
13.3% Bulloch

Executive Summary

  • Earnings: ROA of -0.12%, down 60 bps year over year; NIM at 4.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 7.91%.
  • Funding: loans stand at 108.37% of deposits as of Q2 2015.

Return on Assets (YTD, annualized)

-0.12%-60 bps YoY

Net Interest Margin (YTD, annualized)

4.35%+25 bps YoY

Efficiency Ratio (YTD, annualized)

100.29%+1,509 bps YoY

Tier 1 Leverage Ratio

7.91%

NIM

4.91%Q2 ’134.65%Q2 ’144.47%Q2 ’15-6%+6%

Non-interest income vs. expense

4.10%Q2 ’134.51%Q2 ’146.88%Q2 ’15+23%+30%

Year to date, annualized, through each quarter.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015YoY ΔTrend
Earnings
Return on Assets0.87%0.92%0.42%0.48%0.49%0.53%0.92%-0.12%-60 bps
Return on Equity10.21%10.94%5.20%5.93%5.96%6.34%10.49%-1.44%-737 bps
Net Interest Margin4.23%4.33%4.04%4.09%4.12%3.62%4.24%4.35%+25 bps
Efficiency Ratio75.20%74.77%86.39%85.21%85.39%85.01%78.17%100.29%+1,509 bps
Non-Interest Burden2.90%2.95%3.41%3.37%3.36%2.91%2.78%4.40%+103 bps
Growth
Asset Growth (YoY)25.35%25.79%3.12%11.50%32.77%23.58%27.92%25.67%+1,417 bps
Loan Growth (YoY)28.80%32.64%21.34%19.52%47.13%37.07%43.92%53.12%+3,360 bps
Deposit Growth (YoY)23.19%23.00%2.99%13.55%27.50%22.07%22.93%12.81%-74 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.27%0.20%-0.01%0.03%0.04%0.04%0.03%0.00%-3 bps
Allowance / Loans1.08%0.98%0.98%0.97%0.81%0.80%0.74%0.70%-28 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/a8.33%7.91%n/a
Total Risk-Based Capital14.36%13.19%12.93%12.81%12.18%12.35%12.42%11.67%-114 bps
Equity / Assets8.36%8.06%8.10%7.96%8.60%8.92%8.66%8.18%+22 bps
Liquidity & Funding
Loans / Deposits78.13%83.71%82.42%79.84%90.16%94.00%96.49%108.37%+2,853 bps
Liquid Assets / Assets1.06%0.24%0.74%3.86%0.63%0.36%0.19%0.20%-366 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a