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1st Georgia Banking Company

Franklin, GA · Cert 57647

FDIC

Q1 2011

$731.0MAssets
$490.3MLoans
$702.2MDeposits
$5.8MEquity
Loan mix
90%RE $376.8M7%C&I $29.4M3%Consumer $12.0MQ1 2010Q1 2011
Deposit mix
93%Interest-bearing $650.0M7%Noninterest $52.2MQ1 2010Q1 2011

NIM

4.97%Q1 ’094.45%Q1 ’104.06%Q1 ’11+29%-4%

Non-interest income vs. expense

2.80%Q1 ’092.81%Q1 ’103.06%Q1 ’11+4%+23%

Executive Summary

  • Earnings: ROA of -1.27%, down 51 bps year over year; NIM at 2.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.84%.
  • Funding: loans stand at 69.83% of deposits as of Q1 2011.

Financial Results

Return on Assets (quarter, annualized)

-1.27%-51 bps YoY

Net Interest Margin (quarter, annualized)

2.67%-10 bps YoY

Efficiency Ratio (quarter, annualized)

116.60%+2,474 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets-0.76%-2.10%-1.66%-8.26%-1.27%-51 bps
Return on Equity-18.51%-55.76%-48.67%-389%-141.52%-12,302 bps
Net Interest Margin2.77%2.67%2.72%2.35%2.67%-10 bps
Efficiency Ratio91.86%101.48%146.24%162.77%116.60%+2,474 bps
Non-Interest Burden2.52%2.71%3.67%3.50%3.11%+59 bps
Growth
Asset Growth (YoY)2.05%0.86%2.68%-2.78%-11.99%-1,404 bps
Loan Growth (YoY)-10.84%-13.34%-15.03%-16.60%-17.23%-639 bps
Deposit Growth (YoY)3.44%6.64%4.84%0.56%-9.31%-1,275 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.23%2.49%1.36%10.92%0.84%-39 bps
Allowance / Loans2.25%2.53%2.56%2.81%3.04%+79 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 Capital6.84%6.36%5.94%3.05%2.64%-420 bps
Equity / Assets3.93%3.60%3.20%1.00%0.79%-314 bps
Liquidity & Funding
Loans / Deposits76.50%74.77%71.61%69.05%69.83%-668 bps
Liquid Assets / Assets14.58%14.08%16.84%17.44%14.90%+32 bps
CRE / Total Capitaln/an/an/an/an/an/an/a