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Patriot Bank of Georgia

Suwanee, GA · Cert 58273

FDIC

Q2 2011

$150.8MAssets
$111.2MLoans
$140.6MDeposits
$2.7MEquity
Loan mix
85%RE $76.6M14%C&I $13.0M0%Consumer $0.4MQ2 2010Q2 2011
Deposit mix
97%Interest-bearing $136.8M3%Noninterest $3.9MQ2 2010Q2 2011

NIM

4.70%Q2 ’093.86%Q2 ’102.80%Q2 ’11+5%-32%

Non-interest income vs. expense

4.70%Q2 ’092.17%Q2 ’103.46%Q2 ’11-42%+24%

Executive Summary

  • Earnings: ROA of -2.60%, up 54 bps year over year; NIM at 1.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.64%.
  • Funding: loans stand at 79.08% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

-2.60%+54 bps YoY

Net Interest Margin (quarter, annualized)

1.03%-49 bps YoY

Efficiency Ratio (quarter, annualized)

393%+11,381 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-3.14%-5.35%-5.74%-0.81%-2.60%+54 bps
Return on Equity-58.75%-120.74%-186.16%-35.97%-131.84%-7,309 bps
Net Interest Margin1.52%1.14%1.07%1.27%1.03%-49 bps
Efficiency Ratio279%213%326%134.09%393%+11,381 bps
Non-Interest Burden2.92%2.57%3.04%2.08%3.61%+69 bps
Growth
Asset Growth (YoY)3.71%-5.31%-8.74%-7.53%-11.91%-1,562 bps
Loan Growth (YoY)2.86%-6.91%-14.05%-16.19%-16.68%-1,954 bps
Deposit Growth (YoY)4.69%-2.93%-5.80%-4.10%-9.28%-1,397 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.12%6.12%3.59%0.36%1.64%-148 bps
Allowance / Loans2.02%2.04%2.55%2.58%2.20%+17 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 Capital7.30%5.85%4.23%4.02%3.38%-392 bps
Equity / Assets5.03%3.81%2.33%2.15%1.78%-325 bps
Liquidity & Funding
Loans / Deposits86.10%80.53%78.56%74.70%79.08%-702 bps
Liquid Assets / Assets4.56%4.66%4.68%7.53%7.21%+265 bps
CRE / Total Capitaln/an/an/an/an/an/an/a