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First National Bank West Metro

Dallas, GA · Cert 57261

FDIC

Q2 2005

$134.0MAssets
$115.3MLoans
$120.0MDeposits
$12.6MEquity
Loan mix
64%RE $14.1M36%C&I $7.8M0%Consumer $0.1MQ2 2004Q2 2005
Deposit mix
92%Interest-bearing $109.9M8%Noninterest $10.1MQ2 2004Q2 2005

NIM

5.81%Q2 ’035.82%Q2 ’047.00%Q2 ’05+9%+18%

Non-interest income vs. expense

3.84%Q2 ’032.68%Q2 ’042.37%Q2 ’05-19%-18%

Executive Summary

  • Earnings: ROA of 1.39%, up 99 bps year over year; NIM at 4.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 96.09% of deposits as of Q2 2005.

Financial Results

Return on Assets (quarter, annualized)

1.39%+99 bps YoY

Net Interest Margin (quarter, annualized)

4.77%+73 bps YoY

Efficiency Ratio (quarter, annualized)

45.95%-1,619 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets0.40%0.77%0.95%1.09%1.39%+99 bps
Return on Equity3.42%7.31%9.96%12.00%15.06%+1,164 bps
Net Interest Margin4.03%4.40%4.39%4.22%4.77%+73 bps
Efficiency Ratio62.14%59.54%56.08%52.96%45.95%-1,619 bps
Non-Interest Burden2.40%2.53%2.36%2.02%1.98%-43 bps
Growth
Asset Growth (YoY)60.64%66.16%82.06%48.27%31.83%-2,881 bps
Loan Growth (YoY)72.85%65.13%61.12%46.21%24.95%-4,790 bps
Deposit Growth (YoY)68.97%75.51%97.58%52.40%35.52%-3,345 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.00%0.00%0.00%0.00%-2 bps
Allowance / Loans1.35%1.36%1.45%1.52%1.61%+26 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 Capital13.06%12.07%11.61%11.46%11.79%-127 bps
Equity / Assets11.08%10.10%9.02%9.10%9.42%-166 bps
Liquidity & Funding
Loans / Deposits104.22%102.17%91.25%93.90%96.09%-813 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a