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Liberty First Bank

Monroe, GA · Cert 58274

FDIC · 1 branch

Q3 2021

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 2021, the quarter ended September 30, 2021, 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

Liberty First Bank

Monroe, GA · Cert 58274

FDIC · 1 branch

Q3 2021

$192.9MAssets
$72.5MLoans
$179.1MDeposits
$13.4MEquity
Loan mix
91%RE $48.2M7%C&I $3.9M1%Consumer $0.7MQ3 2020Q3 2021
Deposit mix
70%Interest-bearing $126.2M30%Noninterest $52.9MQ3 2020Q3 2021

NIM

4.67%Q3 ’193.55%Q3 ’202.70%Q3 ’21-18%-18%

Non-interest income vs. expense

2.92%Q3 ’192.24%Q3 ’203.29%Q3 ’21-23%+52%

Market Position · Atlanta-Sandy Springs-Alpharetta, GA · 2021 SOD (annual) · 0.1% share · #51 of 81 inst. · $0.2B of $236.1B

Executive Summary

  • Earnings: ROA of -0.35%, down 147 bps year over year; NIM at 2.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 7.81%, down 183 bps from a year ago.
  • Funding: loans stand at 40.49% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

-0.35%-147 bps YoY

Net Interest Margin (YTD, annualized)

2.44%-55 bps YoY

Efficiency Ratio (YTD, annualized)

120.56%+5,198 bps YoY

Tier 1 Leverage Ratio

7.81%-183 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets1.12%0.99%1.05%0.97%-0.35%-147 bps
Return on Equity10.94%9.79%11.96%11.37%-4.37%-1,531 bps
Net Interest Margin3.00%2.92%2.46%2.50%2.44%-55 bps
Efficiency Ratio68.59%72.03%81.15%78.55%120.56%+5,198 bps
Non-Interest Burden1.97%2.03%1.95%1.91%3.00%+103 bps
Growth
Asset Growth (YoY)24.48%22.30%17.60%16.89%15.76%-872 bps
Loan Growth (YoY)-11.09%-12.51%-8.26%-2.54%-5.64%+545 bps
Deposit Growth (YoY)29.44%24.20%20.19%19.65%19.97%-948 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%-0.01%-0.01%-0.01%0 bps
Allowance / Loans1.50%1.65%1.49%1.41%1.48%-2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.64%9.82%8.97%8.83%7.81%-183 bps
Total Risk-Based Capital9.64%9.82%8.97%8.83%7.81%-183 bps
Equity / Assets9.98%9.80%7.79%8.01%6.96%-303 bps
Liquidity & Funding
Loans / Deposits51.48%45.50%42.93%43.21%40.49%-1,099 bps
Liquid Assets / Assets6.68%6.32%4.58%2.19%2.12%-456 bps
CRE / Total Capitaln/an/an/an/an/an/an/a