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First Coweta Bank

Newnan, GA · Cert 57702

FDIC

Q2 2009

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: Q2 2009, the quarter ended June 30, 2009, 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 Coweta Bank

Newnan, GA · Cert 57702

FDIC

Q2 2009

$163.8MAssets
$116.0MLoans
$154.9MDeposits
$3.3MEquity
Loan mix
93%RE $97.4M7%C&I $7.7M0%Consumer $0.0MQ2 2008Q2 2009
Deposit mix
97%Interest-bearing $149.7M3%Noninterest $5.2MQ2 2008Q2 2009

NIM

8.37%Q2 ’076.71%Q2 ’084.17%Q2 ’09-38%-62%

Non-interest income vs. expense

3.41%Q2 ’073.37%Q2 ’084.17%Q2 ’09+9%+40%

Executive Summary

  • Earnings: ROA of -4.82%, down 330 bps year over year; NIM at 1.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.51%.
  • Funding: loans stand at 74.90% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-4.82%-330 bps YoY

Net Interest Margin (YTD, annualized)

1.02%-165 bps YoY

Efficiency Ratio (YTD, annualized)

337%+23,210 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-1.51%-1.40%-4.64%-4.35%-4.82%-330 bps
Return on Equity-18.12%-16.84%-61.34%-113.61%-148.79%-13,068 bps
Net Interest Margin2.67%2.67%2.31%1.29%1.02%-165 bps
Efficiency Ratio104.99%103.95%140.84%303%337%+23,210 bps
Non-Interest Burden2.83%2.80%3.34%4.05%3.95%+112 bps
Growth
Asset Growth (YoY)14.68%-2.51%-7.42%-6.26%-2.12%-1,680 bps
Loan Growth (YoY)20.62%-2.93%-12.76%-16.51%-18.53%-3,916 bps
Deposit Growth (YoY)17.64%2.88%1.15%-0.92%5.01%-1,264 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.74%1.17%3.51%3.61%3.51%+278 bps
Allowance / Loans2.61%3.23%3.30%3.13%3.34%+73 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 Capital10.84%10.83%6.57%5.28%3.77%-707 bps
Equity / Assets8.31%8.24%4.42%3.25%2.02%-629 bps
Liquidity & Funding
Loans / Deposits96.54%94.61%84.77%77.68%74.90%-2,164 bps
Liquid Assets / Assets0.09%0.06%0.02%0.02%4.53%+444 bps
CRE / Total Capitaln/an/an/an/an/an/an/a