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Mountain Heritage Bank

Clayton, GA · Cert 57593

FDIC

Q1 2011

$103.7MAssets
$58.0MLoans
$89.6MDeposits
$1.1MEquity
Loan mix
91%RE $49.9M5%C&I $2.8M4%Consumer $2.2MQ1 2010Q1 2011
Deposit mix
97%Interest-bearing $87.3M3%Noninterest $2.3MQ1 2010Q1 2011

NIM

5.05%Q1 ’093.98%Q1 ’103.14%Q1 ’11-19%-19%

Non-interest income vs. expense

2.35%Q1 ’093.01%Q1 ’103.44%Q1 ’11+29%+16%

Executive Summary

  • Earnings: ROA of -6.46%, down 528 bps year over year; NIM at 1.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.64%.
  • Funding: loans stand at 64.74% of deposits as of Q1 2011.

Financial Results

Return on Assets (YTD, annualized)

-6.46%-528 bps YoY

Net Interest Margin (YTD, annualized)

1.23%-28 bps YoY

Efficiency Ratio (YTD, annualized)

236%+6,557 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets-1.19%-1.34%-1.17%-1.70%-6.46%-528 bps
Return on Equity-30.19%-34.61%-31.07%-48.27%-371%-34,036 bps
Net Interest Margin1.51%1.68%1.58%1.48%1.23%-28 bps
Efficiency Ratio170.59%162.09%132.36%174.13%236%+6,557 bps
Non-Interest Burden2.76%2.88%2.44%3.06%3.21%+45 bps
Growth
Asset Growth (YoY)-13.07%-11.30%-5.33%-8.84%-12.76%+31 bps
Loan Growth (YoY)-14.68%-19.76%-27.70%-27.40%-27.20%-1,251 bps
Deposit Growth (YoY)-11.45%-9.26%-1.86%-8.19%-11.50%-5 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.62%2.95%2.41%7.64%+755 bps
Allowance / Loans3.25%3.41%2.59%2.70%2.95%-30 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 Capital6.64%6.26%6.15%5.02%2.85%-379 bps
Equity / Assets3.80%3.74%3.45%2.44%1.01%-279 bps
Liquidity & Funding
Loans / Deposits78.70%75.56%65.23%65.50%64.74%-1,395 bps
Liquid Assets / Assets0.16%0.08%1.30%1.38%1.66%+150 bps
CRE / Total Capitaln/an/an/an/an/an/an/a