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Georgia Trust Bank

Buford, GA · Cert 57847

FDIC

Q2 2012

$116.9MAssets
$69.5MLoans
$114.7MDeposits
$1.9MEquity
Loan mix
70%RE $25.5M27%C&I $9.7M4%Consumer $1.3MQ2 2011Q2 2012
Deposit mix
92%Interest-bearing $105.9M8%Noninterest $8.9MQ2 2011Q2 2012

NIM

3.47%Q2 ’103.38%Q2 ’113.02%Q2 ’12+23%+7%

Non-interest income vs. expense

1.89%Q2 ’102.53%Q2 ’112.53%Q2 ’12-57%+10%

Executive Summary

  • Earnings: ROA of -1.42%, down 72 bps year over year; NIM at 1.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.87%.
  • Funding: loans stand at 60.58% of deposits as of Q2 2012.

Financial Results

Return on Assets (quarter, annualized)

-1.42%-72 bps YoY

Net Interest Margin (quarter, annualized)

1.82%+11 bps YoY

Efficiency Ratio (quarter, annualized)

161.40%+1,326 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets-0.70%-0.56%-0.64%-2.74%-1.42%-72 bps
Return on Equity-28.79%-22.11%-25.40%-126.56%-82.05%-5,326 bps
Net Interest Margin1.71%1.76%1.95%1.84%1.82%+11 bps
Efficiency Ratio148.15%165.23%142.63%n/a161.40%+1,326 bps
Non-Interest Burden2.54%2.72%2.70%4.45%2.79%+25 bps
Growth
Asset Growth (YoY)-17.96%-12.21%-15.32%-14.19%-12.42%+554 bps
Loan Growth (YoY)-12.98%-18.40%-18.58%-18.79%-17.83%-484 bps
Deposit Growth (YoY)-15.94%-11.44%-15.29%-13.72%-11.61%+433 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.48%0.24%0.55%0.53%2.87%+39 bps
Allowance / Loans2.84%3.00%3.06%3.21%2.84%0 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 Capital4.80%4.86%4.80%3.92%3.46%-134 bps
Equity / Assets2.50%2.54%2.49%1.84%1.62%-88 bps
Liquidity & Funding
Loans / Deposits65.16%61.78%62.76%60.76%60.58%-458 bps
Liquid Assets / Assets7.47%10.94%7.85%11.05%15.10%+764 bps
CRE / Total Capitaln/an/an/an/an/an/an/a