PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Georgian Bank

Powder Springs, GA · Cert 57151

FDIC

Q2 2009

$2.2BAssets
$1.8BLoans
$2.0BDeposits
$144.8MEquity
Loan mix
74%RE $1.3B25%C&I $0.4B0%Consumer $0.0BQ2 2008Q2 2009
Deposit mix
91%Interest-bearing $1.8B9%Noninterest $0.2BQ2 2008Q2 2009

NIM

7.98%Q2 ’075.94%Q2 ’084.23%Q2 ’09-28%-40%

Non-interest income vs. expense

1.72%Q2 ’071.75%Q2 ’081.86%Q2 ’09+1%+23%

Executive Summary

  • Earnings: ROA of -4.01%, down 455 bps year over year; NIM at 1.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.83%.
  • Funding: loans stand at 93.09% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-4.01%-455 bps YoY

Net Interest Margin (YTD, annualized)

1.65%-111 bps YoY

Efficiency Ratio (YTD, annualized)

127.73%+6,612 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets0.54%0.48%0.19%-1.48%-4.01%-455 bps
Return on Equity6.03%5.30%2.15%-17.94%-52.24%-5,827 bps
Net Interest Margin2.76%2.56%2.37%1.87%1.65%-111 bps
Efficiency Ratio61.61%64.24%72.04%88.87%127.73%+6,612 bps
Non-Interest Burden1.66%1.61%1.72%1.65%2.05%+39 bps
Growth
Asset Growth (YoY)16.52%5.91%9.92%9.24%2.83%-1,369 bps
Loan Growth (YoY)15.42%12.03%10.00%4.41%-1.71%-1,714 bps
Deposit Growth (YoY)17.80%5.32%13.25%13.14%8.09%-971 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.09%0.21%0.87%2.83%+282 bps
Allowance / Loans1.04%1.07%1.17%1.77%2.87%+183 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 Capital10.61%10.71%10.46%10.21%8.59%-202 bps
Equity / Assets8.77%8.99%8.47%8.03%6.49%-228 bps
Liquidity & Funding
Loans / Deposits102.38%106.31%98.31%94.61%93.09%-929 bps
Liquid Assets / Assets0.00%0.00%0.17%5.70%4.26%+426 bps
CRE / Total Capitaln/an/an/an/an/an/an/a