PackageTrendsPeer
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First Bank of Henry County

McDonough, GA · Cert 57017

FDIC

Q4 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: Q4 2008, the quarter ended December 31, 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 Bank of Henry County

McDonough, GA · Cert 57017

FDIC

Q4 2008

$317.2MAssets
$219.0MLoans
$279.3MDeposits
$8.2MEquity
Loan mix
90%RE $177.9M10%C&I $18.9M0%Consumer $0.2MQ4 2007Q4 2008
Deposit mix
99%Interest-bearing $277.3M1%Noninterest $2.0MQ4 2007Q4 2008

NIM

6.87%Q4 ’066.69%Q4 ’075.19%Q4 ’08-24%-54%

Non-interest income vs. expense

1.94%Q4 ’061.85%Q4 ’072.42%Q4 ’08-9%+37%

Executive Summary

  • Earnings: ROA of -6.83%, down 654 bps year over year; NIM at 1.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.16%.
  • Funding: loans stand at 78.39% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-6.83%-654 bps YoY

Net Interest Margin (YTD, annualized)

1.25%-145 bps YoY

Efficiency Ratio (YTD, annualized)

174.90%+11,086 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets-0.28%-0.48%-3.08%-3.77%-6.83%-654 bps
Return on Equity-3.07%-6.04%-41.36%-52.78%-107.48%-10,441 bps
Net Interest Margin2.71%1.79%1.46%1.38%1.25%-145 bps
Efficiency Ratio64.04%102.47%104.98%148.10%174.90%+11,086 bps
Non-Interest Burden1.67%1.84%1.54%2.08%2.29%+62 bps
Growth
Asset Growth (YoY)24.69%41.63%26.88%7.32%-8.09%-3,278 bps
Loan Growth (YoY)22.09%11.01%2.79%-8.98%-14.76%-3,684 bps
Deposit Growth (YoY)23.94%41.17%30.90%13.15%0.47%-2,347 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%3.02%4.08%4.69%4.16%+403 bps
Allowance / Loans2.78%2.39%3.24%3.56%9.02%+624 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 Capital11.68%11.13%9.69%9.22%4.46%-722 bps
Equity / Assets8.86%7.34%6.31%6.14%2.58%-629 bps
Liquidity & Funding
Loans / Deposits92.40%71.23%75.30%76.07%78.39%-1,400 bps
Liquid Assets / Assets0.23%0.94%3.20%2.24%1.84%+162 bps
CRE / Total Capitaln/an/an/an/an/an/an/a