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Community Bank & Trust

Cornelia, GA · Cert 5702

FDIC

Q4 2009

$1.2BAssets
$875.3MLoans
$1.1BDeposits
$18.9MEquity
Deposit mix
96%Interest-bearing $1.0B4%Noninterest $0.0BQ4 2008Q4 2009

NIM

7.22%Q4 ’075.89%Q4 ’084.17%Q4 ’09-23%-44%

Non-interest income vs. expense

3.91%Q4 ’073.90%Q4 ’083.91%Q4 ’09+11%+20%

Executive Summary

  • Earnings: ROA of -4.72%, down 419 bps year over year; NIM at 1.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.68%.
  • Funding: loans stand at 81.96% of deposits as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

-4.72%-419 bps YoY

Net Interest Margin (YTD, annualized)

1.64%-128 bps YoY

Efficiency Ratio (YTD, annualized)

123.83%+4,336 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-0.53%-0.64%-0.79%-6.79%-4.72%-419 bps
Return on Equity-7.25%-10.37%-13.23%-138.86%-110.64%-10,338 bps
Net Interest Margin2.92%2.35%2.06%1.66%1.64%-128 bps
Efficiency Ratio80.47%106.38%107.39%111.57%123.83%+4,336 bps
Non-Interest Burden1.99%2.59%2.33%2.04%2.40%+41 bps
Growth
Asset Growth (YoY)15.71%10.80%9.81%0.26%-7.44%-2,314 bps
Loan Growth (YoY)16.28%6.06%0.41%-7.30%-11.80%-2,808 bps
Deposit Growth (YoY)7.88%9.36%11.05%2.43%2.75%-513 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.49%0.39%0.87%6.02%4.68%+319 bps
Allowance / Loans2.09%2.35%2.39%4.08%4.05%+196 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 Capital9.17%9.13%8.79%3.05%3.68%-549 bps
Equity / Assets6.22%6.05%5.63%1.48%1.60%-462 bps
Liquidity & Funding
Loans / Deposits95.49%88.37%84.66%82.04%81.96%-1,352 bps
Liquid Assets / Assets0.64%2.86%5.48%4.69%8.88%+824 bps
CRE / Total Capitaln/an/an/an/an/an/an/a