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Heritage Community Bank

Quitman, GA · Cert 9066

FDIC

Q4 2005

$113.4MAssets
$86.1MLoans
$94.1MDeposits
$8.4MEquity
Loan mix
69%RE $35.5M31%C&I $16.1M0%Consumer $0.1MQ4 2004Q4 2005
Deposit mix
87%Interest-bearing $81.7M13%Noninterest $12.4MQ4 2004Q4 2005

NIM

6.13%Q4 ’035.77%Q4 ’046.20%Q4 ’05-4%0%

Non-interest income vs. expense

2.68%Q4 ’032.64%Q4 ’042.69%Q4 ’05+8%+15%

Executive Summary

  • Earnings: ROA of 1.50%, down 17 bps year over year; NIM at 4.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 91.46% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

1.50%-17 bps YoY

Net Interest Margin (YTD, annualized)

4.20%-1 bps YoY

Efficiency Ratio (YTD, annualized)

53.73%+310 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.67%1.26%1.41%1.35%1.50%-17 bps
Return on Equity21.50%16.10%18.25%17.64%19.71%-179 bps
Net Interest Margin4.21%4.11%4.35%4.33%4.20%-1 bps
Efficiency Ratio50.63%55.83%56.13%57.01%53.73%+310 bps
Non-Interest Burden1.64%1.89%2.05%2.10%1.89%+25 bps
Growth
Asset Growth (YoY)7.14%4.48%8.62%11.91%16.69%+955 bps
Loan Growth (YoY)7.15%5.02%7.49%12.75%14.53%+738 bps
Deposit Growth (YoY)2.25%6.66%23.03%19.65%19.76%+1,752 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.15%0.10%0.06%0.05%0.06%-9 bps
Allowance / Loans1.31%1.34%1.28%1.34%1.29%-1 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 Capital11.99%11.07%10.99%11.06%11.35%-63 bps
Equity / Assets8.13%7.55%7.47%7.53%7.38%-75 bps
Liquidity & Funding
Loans / Deposits95.64%100.88%97.70%100.09%91.46%-418 bps
Liquid Assets / Assets0.12%0.40%0.50%0.49%1.22%+110 bps
CRE / Total Capitaln/an/an/an/an/an/an/a