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Piedmont Community Bank

Gray, GA · Cert 57256

FDIC

Q3 2011

$199.0MAssets
$111.9MLoans
$178.8MDeposits
$1.3MEquity
Loan mix
93%RE $81.7M6%C&I $5.2M1%Consumer $0.9MQ3 2010Q3 2011
Deposit mix
97%Interest-bearing $173.5M3%Noninterest $5.3MQ3 2010Q3 2011

NIM

3.75%Q3 ’093.32%Q3 ’103.28%Q3 ’11+29%+32%

Non-interest income vs. expense

1.72%Q3 ’093.42%Q3 ’103.59%Q3 ’11+74%-79%

Executive Summary

  • Earnings: ROA of 0.32%, up 666 bps year over year; NIM at 1.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.69%.
  • Funding: loans stand at 62.60% of deposits as of Q3 2011.

Financial Results

Return on Assets (quarter, annualized)

0.32%+666 bps YoY

Net Interest Margin (quarter, annualized)

1.79%+43 bps YoY

Efficiency Ratio (quarter, annualized)

76.71%-16,499 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets-6.34%-1.63%-13.77%-1.71%0.32%+666 bps
Return on Equity-114.58%-35.72%-519%-209%48.57%+16,315 bps
Net Interest Margin1.36%1.74%1.77%2.07%1.79%+43 bps
Efficiency Ratio242%130.78%259%128.80%76.71%-16,499 bps
Non-Interest Burden3.36%2.34%5.16%2.88%0.70%-267 bps
Growth
Asset Growth (YoY)-16.14%-12.04%-11.70%-12.38%-10.10%+604 bps
Loan Growth (YoY)-16.74%-17.37%-14.42%-17.50%-25.29%-855 bps
Deposit Growth (YoY)-16.37%-10.91%-7.41%-7.24%-6.09%+1,028 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.87%2.74%15.22%0.99%1.69%+83 bps
Allowance / Loans4.23%3.65%4.08%4.81%5.07%+84 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 Capital6.84%6.56%2.47%1.50%1.76%-508 bps
Equity / Assets4.87%4.27%0.97%0.66%0.67%-420 bps
Liquidity & Funding
Loans / Deposits78.68%76.35%72.67%69.89%62.60%-1,609 bps
Liquid Assets / Assets1.93%1.81%1.92%2.22%2.07%+15 bps
CRE / Total Capitaln/an/an/an/an/an/an/a