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Colony Bank Ashburn

Ashburn, GA · Cert 8023

FDIC

Q2 2008

$343.7MAssets
$252.7MLoans
$264.4MDeposits
$28.5MEquity
Loan mix
95%RE $164.7M5%C&I $8.5M0%Consumer $0.0MQ2 2007Q2 2008
Deposit mix
94%Interest-bearing $247.2M6%Noninterest $17.2MQ2 2007Q2 2008

NIM

6.80%Q2 ’067.29%Q2 ’076.24%Q2 ’08-1%-13%

Non-interest income vs. expense

2.68%Q2 ’062.85%Q2 ’072.87%Q2 ’08+2%-2%

Executive Summary

  • Earnings: ROA of -0.82%, down 171 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.67%.
  • Funding: loans stand at 95.60% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

-0.82%-171 bps YoY

Net Interest Margin (quarter, annualized)

3.14%-47 bps YoY

Efficiency Ratio (quarter, annualized)

70.17%+699 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.89%0.73%0.11%0.65%-0.82%-171 bps
Return on Equity10.57%8.61%1.23%7.30%-9.40%-1,998 bps
Net Interest Margin3.61%3.45%3.41%3.29%3.14%-47 bps
Efficiency Ratio63.18%66.14%65.00%71.21%70.17%+699 bps
Non-Interest Burden1.97%2.05%1.97%2.15%1.93%-3 bps
Growth
Asset Growth (YoY)1.27%2.11%-2.38%-2.78%2.28%+101 bps
Loan Growth (YoY)5.26%5.34%-1.54%4.23%-1.09%-635 bps
Deposit Growth (YoY)-2.37%-0.14%-5.21%-5.54%-7.69%-532 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%0.17%0.52%0.35%1.67%+155 bps
Allowance / Loans1.55%1.61%1.98%1.96%2.43%+88 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 Capital10.88%11.05%11.38%11.60%11.38%+50 bps
Equity / Assets8.44%8.52%8.72%9.17%8.29%-15 bps
Liquidity & Funding
Loans / Deposits89.23%88.68%87.69%92.01%95.60%+638 bps
Liquid Assets / Assets0.40%0.79%1.03%1.04%1.00%+60 bps
CRE / Total Capitaln/an/an/an/an/an/an/a