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Generations Bank

Blairsville, GA · Cert 57352

FDIC

Q3 2006

$88.0MAssets
$78.2MLoans
$75.9MDeposits
$6.2MEquity
Loan mix
82%RE $16.8M17%C&I $3.5M0%Consumer $0.1MQ3 2005Q3 2006
Deposit mix
93%Interest-bearing $70.9M7%Noninterest $5.0MQ3 2005Q3 2006

NIM

5.66%Q3 ’046.65%Q3 ’058.21%Q3 ’06+2%+14%

Non-interest income vs. expense

4.05%Q3 ’043.57%Q3 ’053.18%Q3 ’06-12%-14%

Executive Summary

  • Earnings: ROA of -5.73%, down 569 bps year over year; NIM at 4.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.81%.
  • Funding: loans stand at 102.99% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

-5.73%-569 bps YoY

Net Interest Margin (quarter, annualized)

4.32%+54 bps YoY

Efficiency Ratio (quarter, annualized)

68.96%-2,011 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets-0.04%0.26%0.54%0.47%-5.73%-569 bps
Return on Equity-0.45%2.93%5.98%5.30%-73.11%-7,266 bps
Net Interest Margin3.78%4.28%4.33%4.50%4.32%+54 bps
Efficiency Ratio89.07%81.17%76.11%71.40%68.96%-2,011 bps
Non-Interest Burden3.34%3.43%3.23%3.11%2.88%-46 bps
Growth
Asset Growth (YoY)48.72%38.70%39.03%26.98%18.17%-3,055 bps
Loan Growth (YoY)58.84%52.44%46.70%30.85%23.51%-3,533 bps
Deposit Growth (YoY)47.50%33.82%49.00%28.13%17.33%-3,016 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.02%0.23%0.84%0.81%+70 bps
Allowance / Loans1.25%1.40%1.39%1.34%3.09%+184 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 Capital11.10%11.83%12.00%11.40%9.47%-163 bps
Equity / Assets8.44%9.01%9.04%8.60%7.08%-136 bps
Liquidity & Funding
Loans / Deposits97.84%100.51%100.23%101.87%102.99%+515 bps
Liquid Assets / Assets0.28%0.13%0.05%0.03%0.03%-25 bps
CRE / Total Capitaln/an/an/an/an/an/an/a