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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

8.83%Q2 ’076.03%Q2 ’083.82%Q2 ’09-49%-68%

Non-interest income vs. expense

3.54%Q2 ’073.28%Q2 ’084.18%Q2 ’09-6%+38%

Executive Summary

  • Earnings: ROA of -5.24%, down 271 bps year over year; NIM at 0.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.20%.
  • Funding: loans stand at 74.90% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

-5.24%-271 bps YoY

Net Interest Margin (quarter, annualized)

0.74%-157 bps YoY

Efficiency Ratio (quarter, annualized)

380%+26,413 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-2.54%-1.18%-14.91%-4.35%-5.24%-271 bps
Return on Equity-30.50%-14.21%-236%-113.61%-198.18%-16,769 bps
Net Interest Margin2.31%2.39%1.22%1.29%0.74%-157 bps
Efficiency Ratio116.18%101.83%140.84%303%380%+26,413 bps
Non-Interest Burden2.76%2.45%4.94%4.05%3.81%+105 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 / Loans0.53%1.98%10.34%3.61%3.20%+267 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