PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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

6.74%Q3 ’058.30%Q3 ’068.31%Q3 ’07+12%-17%

Non-interest income vs. expense

2.97%Q3 ’052.22%Q3 ’062.02%Q3 ’07-23%-7%

Executive Summary

  • Earnings: ROA of 0.97%, down 52 bps year over year; NIM at 3.81%.
  • 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 (quarter, annualized)

0.97%-52 bps YoY

Net Interest Margin (quarter, annualized)

3.81%-77 bps YoY

Efficiency Ratio (quarter, annualized)

51.22%+468 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.49%1.34%1.18%0.85%0.97%-52 bps
Return on Equity16.69%15.84%14.98%11.22%13.23%-346 bps
Net Interest Margin4.59%4.56%3.90%3.83%3.81%-77 bps
Efficiency Ratio46.54%41.68%49.61%45.67%51.22%+468 bps
Non-Interest Burden2.03%1.81%1.86%1.67%1.89%-14 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