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Georgia Commerce Bank

Atlanta, GA · Cert 57521

FDIC · 9 branches

Q1 2015

$1.1BAssets
$792.8MLoans
$918.5MDeposits
$118.5MEquity
Loan mix
55%RE $375.9M44%C&I $298.7M1%Consumer $7.9MQ2 2013Q1 2015
Deposit mix
73%Interest-bearing $673.0M27%Noninterest $245.4MQ2 2013Q1 2015

Market Position · Atlanta-Sandy Springs-Roswell, GA · 2014 SOD (annual) · 0.6% share · #18 of 100 inst. · $0.8B of $132.6B

3.4% Cobb
0.2% Fulton
1.7% DeKalb
2.7% Forsyth

Executive Summary

  • Earnings: ROA of 1.29%, up 45 bps year over year; NIM at 4.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 10.79%.
  • Funding: loans stand at 86.32% of deposits as of Q1 2015.

Return on Assets (quarter, annualized)

1.29%+45 bps YoY

Net Interest Margin (quarter, annualized)

4.33%+2 bps YoY

Efficiency Ratio (quarter, annualized)

52.12%-1,239 bps YoY

Tier 1 Leverage Ratio

10.79%
n/a

NIM

4.57%Q1 ’134.70%Q1 ’144.62%Q1 ’15+8%+0%

Non-interest income vs. expense

3.20%Q1 ’132.78%Q1 ’142.48%Q1 ’15+3%-27%

Discrete quarter, annualized.

MetricQ2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015YoY ΔTrend
Earnings
Return on Assets0.68%0.72%-0.39%0.84%0.94%1.11%0.88%1.29%+45 bps
Return on Equity6.52%6.86%-3.51%7.65%8.46%9.89%7.84%11.58%+393 bps
Net Interest Margin3.84%3.89%4.21%4.31%4.36%4.29%4.32%4.33%+2 bps
Efficiency Ratio67.29%68.10%121.20%64.51%60.69%57.42%61.94%52.12%-1,239 bps
Non-Interest Burden2.40%2.48%4.89%2.87%2.67%2.36%2.68%2.09%-77 bps
Growth
Asset Growth (YoY)18.80%14.05%28.71%34.28%22.55%36.76%8.80%9.73%-2,455 bps
Loan Growth (YoY)11.90%16.97%40.93%40.60%37.19%40.44%14.58%17.86%-2,274 bps
Deposit Growth (YoY)17.78%11.82%28.40%35.37%21.35%30.85%6.52%7.77%-2,760 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.55%2.02%-0.13%-0.01%0.02%0.04%0.09%0.07%+7 bps
Allowance / Loans1.76%1.29%1.07%0.94%0.98%0.98%1.00%0.97%+2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a10.79%n/an/a
Total Risk-Based Capital16.45%16.23%14.92%14.21%14.21%13.97%14.67%13.67%-54 bps
Equity / Assets10.09%11.01%11.10%10.86%11.37%11.16%11.26%11.03%+17 bps
Liquidity & Funding
Loans / Deposits73.80%82.32%80.80%78.93%83.43%88.35%86.92%86.32%+739 bps
Liquid Assets / Assets13.11%6.68%6.52%4.41%2.76%4.04%6.70%5.38%+97 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a