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Piedmont Bank of Georgia

Atlanta, GA · Cert 57219

FDIC

Q3 2008

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2008, the quarter ended September 30, 2008, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Piedmont Bank of Georgia

Atlanta, GA · Cert 57219

FDIC

Q3 2008

$375.3MAssets
$276.3MLoans
$234.1MDeposits
$66.6MEquity
Loan mix
92%RE $162.2M8%C&I $14.3M0%Consumer $0.2MQ3 2007Q3 2008
Deposit mix
91%Interest-bearing $212.4M9%Noninterest $21.7MQ3 2007Q3 2008

NIM

6.99%Q3 ’067.14%Q3 ’075.33%Q3 ’08-9%-34%

Non-interest income vs. expense

2.56%Q3 ’062.18%Q3 ’072.26%Q3 ’08-8%+13%

Executive Summary

  • Earnings: ROA of -2.69%, down 344 bps year over year; NIM at 2.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.90%.
  • Funding: loans stand at 118.00% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-2.69%-344 bps YoY

Net Interest Margin (YTD, annualized)

2.25%-119 bps YoY

Efficiency Ratio (YTD, annualized)

97.35%+4,009 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.75%0.11%-0.83%-2.13%-2.69%-344 bps
Return on Equity4.09%0.58%-4.45%-11.40%-14.59%-1,868 bps
Net Interest Margin3.44%2.99%2.41%2.40%2.25%-119 bps
Efficiency Ratio57.26%62.69%88.18%90.66%97.35%+4,009 bps
Non-Interest Burden2.03%1.93%2.22%2.28%2.30%+26 bps
Growth
Asset Growth (YoY)41.91%18.02%16.10%9.23%11.56%-3,035 bps
Loan Growth (YoY)40.49%31.37%22.52%13.51%6.70%-3,379 bps
Deposit Growth (YoY)31.72%19.38%15.17%1.84%0.38%-3,134 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.07%1.83%1.89%1.90%+190 bps
Allowance / Loans1.25%2.12%2.08%3.31%4.67%+342 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 Capital11.45%12.07%12.49%12.50%13.46%+201 bps
Equity / Assets17.75%18.71%18.72%18.59%17.73%-2 bps
Liquidity & Funding
Loans / Deposits111.01%108.75%109.37%114.00%118.00%+699 bps
Liquid Assets / Assets5.80%2.09%0.15%0.09%7.77%+196 bps
CRE / Total Capitaln/an/an/an/an/an/an/a