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Letter portraitLegal landscapeQuarterYTD

Georgia Central Bank

Social Circle, GA · Cert 5708

FDIC

Q2 2007

$89.6MAssets
$57.4MLoans
$80.7MDeposits
$7.9MEquity
Loan mix
95%RE $51.9M5%C&I $2.5M0%Consumer $0.0MQ2 2006Q2 2007
Deposit mix
86%Interest-bearing $69.4M14%Noninterest $11.3MQ2 2006Q2 2007

NIM

5.91%Q2 ’057.09%Q2 ’067.32%Q2 ’07+8%-9%

Non-interest income vs. expense

3.99%Q2 ’053.62%Q2 ’064.23%Q2 ’07+1%+13%

Executive Summary

  • Earnings: ROA of -0.14%, down 88 bps year over year; NIM at 3.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 71.20% of deposits as of Q2 2007.

Financial Results

Return on Assets (YTD, annualized)

-0.14%-88 bps YoY

Net Interest Margin (YTD, annualized)

3.97%-40 bps YoY

Efficiency Ratio (YTD, annualized)

91.11%+1,642 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets0.75%0.69%0.63%0.26%-0.14%-88 bps
Return on Equity9.11%8.38%7.58%2.96%-1.60%-1,070 bps
Net Interest Margin4.37%4.38%4.22%3.66%3.97%-40 bps
Efficiency Ratio74.69%76.47%80.07%93.16%91.11%+1,642 bps
Non-Interest Burden3.14%3.22%3.26%3.36%3.56%+42 bps
Growth
Asset Growth (YoY)9.55%9.74%4.38%2.58%-6.15%-1,570 bps
Loan Growth (YoY)6.42%-5.67%-11.71%-10.95%-6.85%-1,327 bps
Deposit Growth (YoY)6.27%6.47%5.22%3.54%-4.77%-1,104 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%0.14%0.10%-0.04%-0.03%-25 bps
Allowance / Loans1.69%1.96%1.83%1.78%2.37%+68 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 Capital12.68%13.67%13.99%13.84%13.99%+131 bps
Equity / Assets8.02%8.39%8.64%8.62%8.76%+75 bps
Liquidity & Funding
Loans / Deposits72.79%67.61%68.34%69.21%71.20%-159 bps
Liquid Assets / Assets0.06%0.08%0.05%0.04%0.05%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a