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Alpha Bank & Trust

Alpharetta, GA · Cert 58241

FDIC

Q3 2008

$354.1MAssets
$295.9MLoans
$344.2MDeposits
$5.3MEquity
Loan mix
92%RE $234.3M8%C&I $19.0M0%Consumer $0.0MQ3 2007Q3 2008
Deposit mix
99%Interest-bearing $339.9M1%Noninterest $4.3MQ3 2007Q3 2008

NIM

4.33%Q3 ’067.05%Q3 ’074.92%Q3 ’08-3%-78%

Non-interest income vs. expense

4.14%Q3 ’062.09%Q3 ’072.28%Q3 ’08-50%+7%

Executive Summary

  • Earnings: ROA of -7.87%, down 810 bps year over year; NIM at 0.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.01%.
  • Funding: loans stand at 85.97% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-7.87%-810 bps YoY

Net Interest Margin (YTD, annualized)

0.71%-256 bps YoY

Efficiency Ratio (YTD, annualized)

297%+23,354 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 Assets0.23%-2.87%-0.31%-3.62%-7.87%-810 bps
Return on Equity1.68%-24.12%-4.39%-56.07%-149.28%-15,096 bps
Net Interest Margin3.28%2.83%1.84%1.02%0.71%-256 bps
Efficiency Ratio63.52%67.06%104.31%203%297%+23,354 bps
Non-Interest Burden2.07%1.89%1.92%2.13%2.22%+15 bps
Growth
Asset Growth (YoY)277%116.56%73.11%37.76%6.03%-27,090 bps
Loan Growth (YoY)354%136.23%84.30%34.77%1.67%-35,203 bps
Deposit Growth (YoY)432%140.65%80.34%52.55%18.91%-41,283 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.25%0.00%0.54%2.01%+201 bps
Allowance / Loans1.27%3.63%3.54%4.84%8.39%+712 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 Capital11.04%8.53%8.36%6.96%2.92%-813 bps
Equity / Assets10.41%7.30%6.91%5.20%1.49%-892 bps
Liquidity & Funding
Loans / Deposits100.55%100.22%100.50%89.25%85.97%-1,458 bps
Liquid Assets / Assets2.40%4.16%4.21%4.03%3.80%+140 bps
CRE / Total Capitaln/an/an/an/an/an/an/a