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Letter portraitLegal landscapeQuarterYTD

Century Security Bank

Duluth, GA · Cert 58104

FDIC

Q4 2009

$96.5MAssets
$63.6MLoans
$94.0MDeposits
$2.3MEquity
Deposit mix
98%Interest-bearing $92.1M2%Noninterest $1.8MQ4 2008Q4 2009

NIM

5.15%Q4 ’075.32%Q4 ’084.30%Q4 ’09-26%-66%

Non-interest income vs. expense

2.86%Q4 ’073.11%Q4 ’084.55%Q4 ’09+11%+51%

Executive Summary

  • Earnings: ROA of -4.82%, down 1 bps year over year; NIM at 0.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.25%.
  • Funding: loans stand at 67.72% of deposits as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

-4.82%-1 bps YoY

Net Interest Margin (YTD, annualized)

0.58%-111 bps YoY

Efficiency Ratio (YTD, annualized)

705%+53,556 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-4.81%-3.00%-5.09%-4.41%-4.82%-1 bps
Return on Equity-46.11%-49.04%-93.11%-86.84%-104.98%-5,887 bps
Net Interest Margin1.69%0.58%0.56%0.43%0.58%-111 bps
Efficiency Ratio169.51%595%661%737%705%+53,556 bps
Non-Interest Burden2.96%3.56%3.89%3.63%4.48%+152 bps
Growth
Asset Growth (YoY)26.30%23.64%5.22%-1.88%-17.73%-4,403 bps
Loan Growth (YoY)28.92%2.64%-13.00%-23.77%-30.14%-5,906 bps
Deposit Growth (YoY)36.12%34.20%13.27%5.05%-14.07%-5,019 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.15%0.37%2.99%2.19%2.25%-190 bps
Allowance / Loans1.31%1.46%1.49%1.66%1.71%+40 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 Capital8.83%8.04%5.99%5.49%3.89%-493 bps
Equity / Assets6.34%5.88%4.14%3.76%2.36%-397 bps
Liquidity & Funding
Loans / Deposits83.30%78.92%73.19%71.07%67.72%-1,558 bps
Liquid Assets / Assets2.30%2.88%1.13%3.92%5.38%+309 bps
CRE / Total Capitaln/an/an/an/an/an/an/a