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First National Bank of Forsyth County

Cumming, GA · Cert 57680

FDIC

Q3 2007

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: Q3 2007, the quarter ended September 30, 2007, 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

First National Bank of Forsyth County

Cumming, GA · Cert 57680

FDIC

Q3 2007

$229.5MAssets
$184.8MLoans
$211.2MDeposits
$16.7MEquity
Deposit mix
94%Interest-bearing $198.7M6%Noninterest $12.5MQ3 2006Q3 2007

NIM

5.38%Q3 ’057.38%Q3 ’067.66%Q3 ’07+25%-13%

Non-interest income vs. expense

2.70%Q3 ’052.19%Q3 ’061.83%Q3 ’07-18%-14%

Executive Summary

  • Earnings: ROA of 0.99%, down 27 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 87.49% of deposits as of Q3 2007.

Financial Results

Return on Assets (YTD, annualized)

0.99%-27 bps YoY

Net Interest Margin (YTD, annualized)

3.62%-53 bps YoY

Efficiency Ratio (YTD, annualized)

48.88%-125 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.27%1.28%1.18%1.01%0.99%-27 bps
Return on Equity13.45%14.08%14.98%13.10%13.12%-33 bps
Net Interest Margin4.15%3.87%3.90%3.79%3.62%-53 bps
Efficiency Ratio50.13%47.67%49.61%47.62%48.88%-125 bps
Non-Interest Burden1.98%1.75%1.86%1.73%1.70%-28 bps
Growth
Asset Growth (YoY)48.28%49.45%46.94%38.71%41.36%-692 bps
Loan Growth (YoY)56.78%52.48%47.71%36.75%31.54%-2,524 bps
Deposit Growth (YoY)52.37%48.78%45.88%40.88%43.93%-844 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.25%1.25%1.25%1.40%1.52%+27 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 Capital11.67%10.51%10.42%10.04%10.27%-141 bps
Equity / Assets8.98%7.98%7.76%7.36%7.29%-169 bps
Liquidity & Funding
Loans / Deposits95.73%96.57%95.31%92.04%87.49%-824 bps
Liquid Assets / Assets0.00%0.00%1.49%1.41%2.12%+212 bps
CRE / Total Capitaln/an/an/an/an/an/an/a