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First Commerce Community Bank

Douglasville, GA · Cert 57448

FDIC

Q2 2010

$248.2MAssets
$145.8MLoans
$242.8MDeposits
$4.0MEquity
Loan mix
93%RE $93.7M7%C&I $7.0M0%Consumer $0.2MQ2 2009Q2 2010
Deposit mix
97%Interest-bearing $235.8M3%Noninterest $7.1MQ2 2009Q2 2010

NIM

6.38%Q2 ’084.14%Q2 ’093.36%Q2 ’10-70%+20%

Non-interest income vs. expense

1.64%Q2 ’082.32%Q2 ’093.60%Q2 ’10+51%+55%

Executive Summary

  • Earnings: ROA of -8.70%, down 758 bps year over year; NIM at 0.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.44%.
  • Funding: loans stand at 60.05% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

-8.70%-758 bps YoY

Net Interest Margin (YTD, annualized)

0.85%+14 bps YoY

Efficiency Ratio (YTD, annualized)

430%+9,620 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-1.12%-1.74%-3.38%-3.82%-8.70%-758 bps
Return on Equity-13.73%-21.67%-44.92%-76.38%-222%-20,833 bps
Net Interest Margin0.70%0.65%0.59%0.66%0.85%+14 bps
Efficiency Ratio334%385%483%474%430%+9,620 bps
Non-Interest Burden2.33%2.41%2.76%2.51%3.61%+128 bps
Growth
Asset Growth (YoY)-2.04%-5.28%-9.56%-9.31%-10.11%-808 bps
Loan Growth (YoY)-13.46%-15.76%-18.79%-23.50%-28.31%-1,485 bps
Deposit Growth (YoY)-2.59%-4.75%-6.86%-5.98%-3.61%-103 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.53%3.49%4.53%2.25%7.44%+391 bps
Allowance / Loans2.15%2.69%2.94%3.46%5.14%+299 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 Capital10.23%8.99%7.98%7.04%3.08%-715 bps
Equity / Assets8.22%7.61%5.35%4.66%1.60%-662 bps
Liquidity & Funding
Loans / Deposits80.73%77.73%70.42%65.21%60.05%-2,068 bps
Liquid Assets / Assets0.56%3.34%5.40%5.40%6.55%+599 bps
CRE / Total Capitaln/an/an/an/an/an/an/a