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Jefferson State Bank

Cumming, GA · Cert 58151

FDIC

Q3 2008

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: Q3 2008, the quarter ended September 30, 2008, 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

Jefferson State Bank

Cumming, GA · Cert 58151

FDIC

Q3 2008

$83.6MAssets
$68.5MLoans
$71.6MDeposits
$11.8MEquity
Deposit mix
93%Interest-bearing $67.0M7%Noninterest $4.7MQ3 2007Q3 2008

NIM

4.64%Q3 ’066.34%Q3 ’075.75%Q3 ’08+8%-20%

Non-interest income vs. expense

6.94%Q3 ’063.58%Q3 ’073.79%Q3 ’08-51%+7%

Executive Summary

  • Earnings: ROA of -1.87%, down 137 bps year over year; NIM at 2.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.66%.
  • Funding: loans stand at 95.61% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-1.87%-137 bps YoY

Net Interest Margin (YTD, annualized)

2.64%-66 bps YoY

Efficiency Ratio (YTD, annualized)

128.13%+2,945 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets-0.50%-0.36%-1.03%-0.67%-1.87%-137 bps
Return on Equity-2.51%-1.91%-6.59%-4.30%-12.24%-973 bps
Net Interest Margin3.31%3.08%2.81%3.07%2.64%-66 bps
Efficiency Ratio98.67%97.86%124.09%115.10%128.13%+2,945 bps
Non-Interest Burden3.26%3.01%3.54%3.60%3.48%+22 bps
Growth
Asset Growth (YoY)93.38%95.39%41.63%26.77%0.56%-9,283 bps
Loan Growth (YoY)109.41%92.44%59.25%29.93%19.61%-8,980 bps
Deposit Growth (YoY)128.61%132.69%52.44%32.34%1.33%-12,728 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.66%+66 bps
Allowance / Loans1.00%1.00%1.02%1.00%1.31%+31 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 Capital19.29%18.72%18.49%17.84%16.95%-235 bps
Equity / Assets14.79%15.27%16.06%15.62%14.15%-64 bps
Liquidity & Funding
Loans / Deposits80.99%88.34%100.85%101.16%95.61%+1,462 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a