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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

4.70%Q2 ’094.54%Q2 ’104.37%Q2 ’11+4%+26%

Non-interest income vs. expense

2.34%Q2 ’092.66%Q2 ’102.84%Q2 ’11+22%+4%

Executive Summary

  • Earnings: ROA of 1.37%, up 183 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.78%.
  • Funding: loans stand at 69.16% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

1.37%+183 bps YoY

Net Interest Margin (quarter, annualized)

3.15%+65 bps YoY

Efficiency Ratio (quarter, annualized)

77.86%-1,345 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-0.46%-7.31%-20.65%-5.53%1.37%+183 bps
Return on Equity-5.23%-88.05%-354%-189.07%53.19%+5,841 bps
Net Interest Margin2.50%2.32%2.50%2.63%3.15%+65 bps
Efficiency Ratio91.31%122.82%371%163.36%77.86%-1,345 bps
Non-Interest Burden2.25%4.26%4.95%4.11%2.34%+9 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 / Loans1.33%9.65%18.49%4.80%0.78%-55 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