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Bank of Ellijay

East Ellijay, GA · Cert 58197

FDIC

Q2 2010

$168.8MAssets
$117.6MLoans
$160.7MDeposits
$945KEquity
Loan mix
96%RE $83.6M3%C&I $3.0M0%Consumer $0.0MQ2 2009Q2 2010
Deposit mix
98%Interest-bearing $157.6M2%Noninterest $3.2MQ2 2009Q2 2010

NIM

5.93%Q2 ’084.81%Q2 ’092.62%Q2 ’10-10%-85%

Non-interest income vs. expense

2.84%Q2 ’082.25%Q2 ’093.21%Q2 ’10-6%+22%

Executive Summary

  • Earnings: ROA of -8.34%, down 534 bps year over year; NIM at 0.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.81%.
  • Funding: loans stand at 73.16% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

-8.34%-534 bps YoY

Net Interest Margin (YTD, annualized)

0.24%-136 bps YoY

Efficiency Ratio (YTD, annualized)

1093%+91,344 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-3.00%-2.15%-4.33%-6.42%-8.34%-534 bps
Return on Equity-36.04%-26.82%-59.34%-173.48%-312%-27,630 bps
Net Interest Margin1.59%1.52%1.33%0.05%0.24%-136 bps
Efficiency Ratio179.84%174.81%221%1554%1093%+91,344 bps
Non-Interest Burden2.59%2.48%2.68%2.29%3.15%+56 bps
Growth
Asset Growth (YoY)10.61%8.07%1.83%-5.66%-5.09%-1,571 bps
Loan Growth (YoY)6.53%1.16%-6.87%-9.57%-15.07%-2,160 bps
Deposit Growth (YoY)19.39%11.89%8.01%0.20%1.81%-1,758 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.81%3.47%3.55%0.98%2.81%-199 bps
Allowance / Loans2.26%2.17%1.60%2.83%4.41%+215 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 Capital8.03%8.01%7.10%5.09%1.33%-671 bps
Equity / Assets7.20%7.07%4.39%3.00%0.56%-664 bps
Liquidity & Funding
Loans / Deposits87.70%84.58%81.25%78.84%73.16%-1,454 bps
Liquid Assets / Assets0.01%4.81%5.53%4.43%5.93%+593 bps
CRE / Total Capitaln/an/an/an/an/an/an/a