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American Trust Bank

Roswell, GA · Cert 57432

FDIC

Q4 2010

$238.2MAssets
$158.3MLoans
$222.2MDeposits
$1.5MEquity
Deposit mix
96%Interest-bearing $212.2M4%Noninterest $10.0MQ4 2009Q4 2010

NIM

5.69%Q4 ’083.68%Q4 ’093.53%Q4 ’10-42%+6%

Non-interest income vs. expense

2.72%Q4 ’082.39%Q4 ’092.95%Q4 ’10+20%+12%

Executive Summary

  • Earnings: ROA of -3.42%, up 163 bps year over year; NIM at 1.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.62%.
  • Funding: loans stand at 71.25% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

-3.42%+163 bps YoY

Net Interest Margin (YTD, annualized)

1.32%+7 bps YoY

Efficiency Ratio (YTD, annualized)

356%-6,499 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-5.05%-2.37%-3.22%-2.41%-3.42%+163 bps
Return on Equity-74.18%-68.30%-103.82%-82.54%-136.52%-6,233 bps
Net Interest Margin1.25%1.37%1.15%1.20%1.32%+7 bps
Efficiency Ratio421%161.10%183.32%191.55%356%-6,499 bps
Non-Interest Burden3.07%2.30%2.24%2.44%3.44%+37 bps
Growth
Asset Growth (YoY)1.74%2.82%-7.19%-17.82%-10.61%-1,235 bps
Loan Growth (YoY)-10.31%-14.00%-15.50%-11.90%-16.57%-626 bps
Deposit Growth (YoY)8.58%9.30%-2.58%-14.57%-6.49%-1,507 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.77%1.02%2.86%2.23%3.62%-15 bps
Allowance / Loans2.30%2.68%2.70%2.60%1.94%-36 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 Capital6.19%5.55%4.31%4.19%1.80%-439 bps
Equity / Assets3.84%3.11%2.36%2.33%0.64%-320 bps
Liquidity & Funding
Loans / Deposits79.87%72.88%71.84%75.29%71.25%-861 bps
Liquid Assets / Assets5.00%1.58%1.68%5.26%5.37%+37 bps
CRE / Total Capitaln/an/an/an/an/an/an/a