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Tifton Banking Company

Tifton, GA · Cert 57831

FDIC

Q3 2010

$143.7MAssets
$118.1MLoans
$141.6MDeposits
$1.8MEquity
Loan mix
78%RE $74.1M22%C&I $20.8M0%Consumer $0.0MQ3 2009Q3 2010
Deposit mix
94%Interest-bearing $132.5M6%Noninterest $9.0MQ3 2009Q3 2010

NIM

6.04%Q3 ’084.88%Q3 ’093.19%Q3 ’10+3%-48%

Non-interest income vs. expense

1.85%Q3 ’081.86%Q3 ’092.75%Q3 ’10-4%+61%

Executive Summary

  • Earnings: ROA of -4.02%, down 507 bps year over year; NIM at 1.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.85%.
  • Funding: loans stand at 83.43% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

-4.02%-507 bps YoY

Net Interest Margin (quarter, annualized)

1.53%-144 bps YoY

Efficiency Ratio (quarter, annualized)

147.35%+9,156 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.05%-4.29%-5.74%-14.98%-4.02%-507 bps
Return on Equity12.41%-57.38%-95.06%-395%-241%-25,324 bps
Net Interest Margin2.97%2.21%2.40%0.64%1.53%-144 bps
Efficiency Ratio55.79%61.73%60.70%247%147.35%+9,156 bps
Non-Interest Burden1.50%1.24%1.38%1.76%2.42%+92 bps
Growth
Asset Growth (YoY)21.09%25.58%18.45%0.10%-21.07%-4,217 bps
Loan Growth (YoY)12.06%6.11%5.22%-7.91%-18.69%-3,075 bps
Deposit Growth (YoY)16.81%33.09%24.18%8.45%-6.91%-2,372 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.69%8.69%-0.02%20.97%1.85%+117 bps
Allowance / Loans3.52%4.04%6.05%4.94%6.28%+276 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 Capital11.71%10.22%7.28%4.05%2.94%-877 bps
Equity / Assets8.28%6.71%5.36%2.05%1.22%-706 bps
Liquidity & Funding
Loans / Deposits95.52%86.89%89.54%86.94%83.43%-1,209 bps
Liquid Assets / Assets0.00%0.00%4.49%5.01%0.01%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a