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Independence Bank of Georgia

Braselton, GA · Cert 58736

FDIC · 2 branches

Q3 2016

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 2016, the quarter ended September 30, 2016, 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

Independence Bank of Georgia

Braselton, GA · Cert 58736

FDIC · 2 branches

Q3 2016

$189.7MAssets
$151.1MLoans
$156.5MDeposits
$24.4MEquity
Loan mix
91%RE $94.9M7%C&I $7.6M1%Consumer $1.5MQ3 2015Q3 2016
Deposit mix
84%Interest-bearing $130.8M16%Noninterest $25.7MQ3 2015Q3 2016

NIM

4.20%Q3 ’143.91%Q3 ’154.22%Q3 ’16-6%+10%

Non-interest income vs. expense

2.40%Q3 ’142.30%Q3 ’152.56%Q3 ’16-4%+12%

Market Position · Gainesville, GA · 2016 SOD (annual) · 2.6% share · #13 of 18 inst. · $0.1B of $3.2B

2.6% Hall
0.4% Gwinnett

Executive Summary

  • Earnings: ROA of 0.86%, down 2 bps year over year; NIM at 3.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 12.80%, up 59 bps from a year ago.
  • Funding: loans stand at 96.52% of deposits as of Q3 2016.

Financial Results

Return on Assets (YTD, annualized)

0.86%-2 bps YoY

Net Interest Margin (YTD, annualized)

3.78%+34 bps YoY

Efficiency Ratio (YTD, annualized)

65.63%+111 bps YoY

Tier 1 Leverage Ratio

12.80%+59 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets0.88%0.91%0.91%0.91%0.86%-2 bps
Return on Equity7.06%7.28%7.19%7.19%6.75%-31 bps
Net Interest Margin3.45%3.51%3.76%3.82%3.78%+34 bps
Efficiency Ratio64.52%64.20%65.45%64.36%65.63%+111 bps
Non-Interest Burden2.18%2.21%2.43%2.41%2.44%+26 bps
Growth
Asset Growth (YoY)13.21%9.06%5.88%2.09%2.35%-1,086 bps
Loan Growth (YoY)6.37%13.40%14.67%15.09%21.27%+1,490 bps
Deposit Growth (YoY)12.60%10.28%6.39%-1.66%2.09%-1,051 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.00%0.01%0.01%0 bps
Allowance / Loans1.29%1.20%1.18%1.12%1.13%-16 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio12.21%12.53%12.75%13.04%12.80%+59 bps
Total Risk-Based Capital19.10%18.09%17.86%16.33%16.59%-251 bps
Equity / Assets12.18%12.50%12.79%12.74%12.88%+70 bps
Liquidity & Funding
Loans / Deposits81.25%88.49%90.23%97.88%96.52%+1,527 bps
Liquid Assets / Assets9.92%3.35%3.06%2.44%2.86%-706 bps
CRE / Total Capitaln/an/an/an/an/an/an/a