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First Madison Bank & Trust

Colbert, GA · Cert 57898

FDIC · 3 branches

Q1 2019

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: Q1 2019, the quarter ended March 31, 2019, 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 Madison Bank & Trust

Colbert, GA · Cert 57898

FDIC · 3 branches

Q1 2019

$243.7MAssets
$199.2MLoans
$213.1MDeposits
$29.9MEquity
Loan mix
83%RE $118.6M13%C&I $18.6M4%Consumer $5.6MQ1 2018Q1 2019
Deposit mix
81%Interest-bearing $173.4M19%Noninterest $39.7MQ1 2018Q1 2019

NIM

4.59%Q1 ’174.81%Q1 ’185.28%Q1 ’19+6%+1%

Non-interest income vs. expense

2.09%Q1 ’172.14%Q1 ’182.24%Q1 ’19+31%+12%

Market Position · Athens-Clarke County, GA · 2018 SOD (annual) · 3.8% share · #8 of 17 inst. · $0.2B of $5.1B

3.2% Clarke
35.4% Madison

Executive Summary

  • Earnings: ROA of 1.90%, down 7 bps year over year; NIM at 4.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.05%, down 75 bps from a year ago.
  • Funding: loans stand at 93.47% of deposits as of Q1 2019.

Financial Results

Return on Assets (YTD, annualized)

1.90%-7 bps YoY

Net Interest Margin (YTD, annualized)

4.22%+6 bps YoY

Efficiency Ratio (YTD, annualized)

46.89%+230 bps YoY

Tier 1 Leverage Ratio

12.05%-75 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2018Q2 2018Q3 2018Q4 2018Q1 2019YoY ΔTrend
Earnings
Return on Assets1.97%1.97%1.97%1.95%1.90%-7 bps
Return on Equity15.54%16.01%16.25%16.17%15.82%+29 bps
Net Interest Margin4.16%4.04%3.79%3.59%4.22%+6 bps
Efficiency Ratio44.59%43.88%43.62%44.63%46.89%+230 bps
Non-Interest Burden1.50%1.43%1.33%1.30%1.68%+19 bps
Growth
Asset Growth (YoY)4.94%15.46%18.41%21.21%14.66%+972 bps
Loan Growth (YoY)14.37%17.18%22.26%21.31%10.62%-376 bps
Deposit Growth (YoY)8.00%11.15%14.51%18.56%14.76%+676 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.03%0.02%0.02%0.00%-2 bps
Allowance / Loans3.54%3.35%3.14%3.13%3.18%-36 bps
Allowance Coverage of NPLs3186.0xn/a1588.0xn/a1056.2x-2129.8x
Capital
Tier 1 Leverage Ratio12.80%12.60%12.02%11.63%12.05%-75 bps
Total Risk-Based Capital16.19%16.60%17.19%17.64%17.72%+153 bps
Equity / Assets12.61%11.70%11.70%11.74%12.27%-35 bps
Liquidity & Funding
Loans / Deposits96.97%96.99%98.97%95.11%93.47%-350 bps
Liquid Assets / Assets6.04%11.36%10.93%10.60%5.57%-47 bps
CRE / Total Capitaln/an/an/an/an/an/an/a