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Oglethorpe Bank

Brunswick, GA · Cert 57440

FDIC

Q4 2010

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2010, the quarter ended December 31, 2010, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Oglethorpe Bank

Brunswick, GA · Cert 57440

FDIC

Q4 2010

$211.1MAssets
$158.8MLoans
$201.4MDeposits
$-5665KEquity
Loan mix
90%RE $117.7M10%C&I $13.4M0%Consumer $0.2MQ4 2009Q4 2010
Deposit mix
95%Interest-bearing $192.3M5%Noninterest $9.1MQ4 2009Q4 2010

NIM

5.70%Q4 ’084.94%Q4 ’094.32%Q4 ’10-16%-6%

Non-interest income vs. expense

2.55%Q4 ’082.50%Q4 ’093.41%Q4 ’10+17%+31%

Executive Summary

  • Earnings: ROA of -6.26%, down 81 bps year over year; NIM at 2.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 12.02%.
  • Funding: loans stand at 78.85% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

-6.26%-81 bps YoY

Net Interest Margin (YTD, annualized)

2.19%-15 bps YoY

Efficiency Ratio (YTD, annualized)

150.33%+4,176 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-5.45%-0.65%-2.75%-3.87%-6.26%-81 bps
Return on Equity-80.26%-18.37%-85.48%-143.18%-357%-27,642 bps
Net Interest Margin2.34%2.32%2.34%2.25%2.19%-15 bps
Efficiency Ratio108.57%130.32%120.02%131.33%150.33%+4,176 bps
Non-Interest Burden2.53%2.98%2.83%2.97%3.33%+79 bps
Growth
Asset Growth (YoY)3.48%-6.91%-7.15%-13.25%-19.25%-2,273 bps
Loan Growth (YoY)-6.40%-11.19%-12.77%-19.34%-23.66%-1,727 bps
Deposit Growth (YoY)7.54%-1.93%-1.17%-7.63%-14.00%-2,154 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.95%9.43%8.12%9.45%12.02%+806 bps
Allowance / Loans5.35%3.28%3.49%2.97%3.00%-235 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 Capital5.29%5.48%4.15%2.68%-3.29%-858 bps
Equity / Assets3.52%3.55%2.56%1.02%-2.68%-620 bps
Liquidity & Funding
Loans / Deposits88.83%87.91%85.78%81.00%78.85%-998 bps
Liquid Assets / Assets7.84%10.23%9.87%9.19%7.05%-79 bps
CRE / Total Capitaln/an/an/an/an/an/an/a