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First Southern National Bank

Statesboro, GA · Cert 57239

FDIC

Q2 2011

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: Q2 2011, the quarter ended June 30, 2011, 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

First Southern National Bank

Statesboro, GA · Cert 57239

FDIC

Q2 2011

$164.6MAssets
$110.4MLoans
$159.7MDeposits
$4.7MEquity
Loan mix
77%RE $75.0M16%C&I $15.1M7%Consumer $7.3MQ2 2010Q2 2011
Deposit mix
87%Interest-bearing $138.3M13%Noninterest $21.4MQ2 2010Q2 2011

NIM

4.65%Q2 ’094.65%Q2 ’104.33%Q2 ’11+10%+17%

Non-interest income vs. expense

2.22%Q2 ’092.67%Q2 ’103.47%Q2 ’11+30%+51%

Executive Summary

  • Earnings: ROA of -2.14%, down 160 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.02%.
  • Funding: loans stand at 69.16% of deposits as of Q2 2011.

Financial Results

Return on Assets (YTD, annualized)

-2.14%-160 bps YoY

Net Interest Margin (YTD, annualized)

2.98%+44 bps YoY

Efficiency Ratio (YTD, annualized)

112.73%+2,280 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-0.54%-2.71%-6.71%-5.53%-2.14%-160 bps
Return on Equity-6.29%-32.20%-88.22%-189.07%-73.65%-6,736 bps
Net Interest Margin2.54%2.51%2.82%2.63%2.98%+44 bps
Efficiency Ratio89.93%122.82%151.93%163.36%112.73%+2,280 bps
Non-Interest Burden2.24%2.95%3.82%4.11%3.37%+113 bps
Growth
Asset Growth (YoY)-10.56%-13.62%-26.49%-24.22%-26.14%-1,558 bps
Loan Growth (YoY)-13.30%-17.14%-21.73%-24.01%-28.97%-1,567 bps
Deposit Growth (YoY)-3.98%-6.98%-17.91%-18.91%-21.24%-1,726 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.42%4.25%8.12%4.80%3.02%+160 bps
Allowance / Loans3.32%3.51%4.63%5.24%5.55%+223 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 Capital13.00%11.32%6.00%4.71%5.37%-763 bps
Equity / Assets8.79%7.78%3.53%2.33%2.85%-594 bps
Liquidity & Funding
Loans / Deposits76.69%74.72%77.59%71.14%69.16%-753 bps
Liquid Assets / Assets0.66%0.19%0.23%0.29%0.37%-29 bps
CRE / Total Capitaln/an/an/an/an/an/an/a