PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of America Georgia, National Association

Atlanta, GA · Cert 57117

FDIC

Q1 2008

$92.8MAssets
n/aLoans
$500KDeposits
$92.1MEquity
Deposit mix
100%Interest-bearing $500K0%Noninterest $0KQ1 2007Q1 2008

NIM

5.66%Q1 ’065.23%Q1 ’073.37%Q1 ’08+19%+74%

Non-interest income vs. expense

0.30%Q1 ’060.04%Q1 ’070.10%Q1 ’08-107%+294%

Executive Summary

  • Earnings: ROA of 1.91%, up 66 bps year over year; NIM at 3.34%.
  • Funding: loans stand at 0.00% of deposits as of Q1 2008.

Financial Results

Return on Assets (quarter, annualized)

1.91%+66 bps YoY

Net Interest Margin (quarter, annualized)

3.34%+142 bps YoY

Efficiency Ratio (quarter, annualized)

2.86%+76 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets1.24%1.85%1.29%0.99%1.91%+66 bps
Return on Equity3.46%4.37%1.35%1.01%1.92%-154 bps
Net Interest Margin1.92%3.68%1.89%1.41%3.34%+142 bps
Efficiency Ratio2.10%0.29%29.66%-0.29%2.86%+76 bps
Non-Interest Burden-0.02%-0.17%0.18%-0.13%0.04%+6 bps
Growth
Asset Growth (YoY)-82.79%-97.35%-92.88%-88.46%-88.42%-563 bps
Loan Growth (YoY)-100.00%n/an/an/an/an/a
Deposit Growth (YoY)0.00%0.00%0.00%0.00%0.00%0 bps
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital170.91%524%491%578%569%+39,818 bps
Equity / Assets36.06%95.44%95.35%99.39%99.17%+6,311 bps
Liquidity & Funding
Loans / Deposits0.00%0.00%0.00%0.00%0.00%0 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a