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Homestead Bank

Suwanee, GA · Cert 57346

FDIC

Q2 2009

$259.2MAssets
$179.0MLoans
$256.6MDeposits
$-20882KEquity
Loan mix
97%RE $153.8M3%C&I $5.1M0%Consumer $0.0MQ2 2008Q2 2009
Deposit mix
90%Interest-bearing $232.1M10%Noninterest $24.5MQ2 2008Q2 2009

NIM

7.55%Q2 ’073.86%Q2 ’081.96%Q2 ’09-102%-4066%

Non-interest income vs. expense

1.31%Q2 ’0715.03%Q2 ’083.00%Q2 ’09+1144%-65%

Executive Summary

  • Earnings: ROA of -21.45%, down 161 bps year over year; NIM at -2.11%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 24.27%.
  • Funding: loans stand at 69.75% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-21.45%-161 bps YoY

Net Interest Margin (YTD, annualized)

-2.11%-206 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-19.84%-15.50%-15.36%-10.19%-21.45%-161 bps
Return on Equity-167.38%-147.25%-166.52%-422%4208%+437,562 bps
Net Interest Margin-0.05%-0.03%-0.25%-1.62%-2.11%-206 bps
Efficiency Ration/an/an/an/an/an/a
Non-Interest Burden15.55%11.97%9.91%3.08%5.49%-1,006 bps
Growth
Asset Growth (YoY)-3.32%-8.49%-14.09%-13.86%-29.79%-2,647 bps
Loan Growth (YoY)-11.46%-22.11%-27.95%-27.00%-32.64%-2,118 bps
Deposit Growth (YoY)8.50%2.04%-0.41%-2.87%-22.62%-3,113 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.25%4.68%6.82%9.58%24.27%+2,102 bps
Allowance / Loans5.47%7.26%4.77%4.96%6.35%+87 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 Capital10.08%10.17%6.02%2.79%-10.68%-2,076 bps
Equity / Assets6.54%6.32%3.56%1.18%-8.06%-1,459 bps
Liquidity & Funding
Loans / Deposits80.12%77.04%72.91%72.01%69.75%-1,037 bps
Liquid Assets / Assets0.25%0.17%9.36%3.57%2.04%+179 bps
CRE / Total Capitaln/an/an/an/an/an/an/a