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Hardwick Bank & Trust Company

Dalton, GA · Cert 5714

FDIC

Q1 2001

$361.6MAssets
$187.0MLoans
$312.0MDeposits
$31.3MEquity
Loan mix
48%RE $45.3M51%C&I $47.9M2%Consumer $1.5MQ1 2000Q1 2001
Deposit mix
81%Interest-bearing $254.1M19%Noninterest $57.9MQ1 2000Q1 2001

NIM

Non-interest income vs. expense

Executive Summary

  • Earnings: ROA of 1.21%, down 47 bps year over year; NIM at 3.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 59.93% of deposits as of Q1 2001.

Financial Results

Return on Assets (YTD, annualized)

1.21%-47 bps YoY

Net Interest Margin (YTD, annualized)

3.17%

Efficiency Ratio (YTD, annualized)

60.58%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2000Q2 2000Q3 2000Q4 2000Q1 2001YoY ΔTrend
Earnings
Return on Assets1.68%-0.92%-0.31%0.12%1.21%-47 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/an/an/an/a3.17%n/an/a
Efficiency Ration/an/an/an/a60.58%n/an/a
Non-Interest Burdenn/an/an/an/a1.45%n/an/a
Growth
Asset Growth (YoY)-1.97%4.20%7.30%16.08%24.23%+2,620 bps
Loan Growth (YoY)6.37%6.66%3.40%11.63%11.80%+543 bps
Deposit Growth (YoY)-0.51%3.41%9.65%14.87%22.15%+2,265 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/a-0.02%n/an/a
Allowance / Loansn/an/an/an/a2.57%n/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 Capitaln/an/an/an/a14.66%n/an/a
Equity / Assetsn/an/an/an/a8.65%n/an/a
Liquidity & Funding
Loans / Deposits65.48%62.37%60.75%64.93%59.93%-555 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