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Letter portraitLegal landscapeQuarterYTD

Main Street Bank

Covington, GA · Cert 9243

FDIC

Q2 2006

$2.6BAssets
$1.7BLoans
$1.7BDeposits
$637.4MEquity
Loan mix
75%RE $237.0M25%C&I $78.6M0%Consumer $0.2MQ2 2005Q2 2006
Deposit mix
85%Interest-bearing $1.4B15%Noninterest $0.3BQ2 2005Q2 2006

NIM

5.52%Q2 ’045.81%Q2 ’051.11%Q2 ’06-4%-83%

Non-interest income vs. expense

2.62%Q2 ’042.25%Q2 ’050.41%Q2 ’06-20%-79%

Executive Summary

  • Earnings: ROA of 0.28%, down 104 bps year over year; NIM at 0.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 105.91% of deposits as of Q2 2006.

Financial Results

Return on Assets (YTD, annualized)

0.28%-104 bps YoY

Net Interest Margin (YTD, annualized)

0.67%-325 bps YoY

Efficiency Ratio (YTD, annualized)

45.18%-194 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.32%1.39%1.36%1.50%0.28%-104 bps
Return on Equity9.81%10.37%10.11%10.68%1.59%-822 bps
Net Interest Margin3.92%3.88%3.91%3.94%0.67%-325 bps
Efficiency Ratio47.13%47.98%49.19%50.09%45.18%-194 bps
Non-Interest Burden1.41%1.44%1.53%1.60%0.30%-112 bps
Growth
Asset Growth (YoY)10.38%9.65%1.12%0.22%9.03%-134 bps
Loan Growth (YoY)10.74%8.36%6.28%3.20%-1.31%-1,205 bps
Deposit Growth (YoY)7.23%8.71%1.51%-0.87%-1.87%-910 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.70%0.53%0.45%0.26%0.00%-70 bps
Allowance / Loans1.42%1.40%1.39%1.40%1.32%-10 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 Capital13.09%12.92%13.25%13.50%11.69%-141 bps
Equity / Assets13.55%13.10%13.89%14.18%24.80%+1,125 bps
Liquidity & Funding
Loans / Deposits105.30%101.32%104.09%103.96%105.91%+61 bps
Liquid Assets / Assets0.65%0.72%0.45%0.45%0.09%-57 bps
CRE / Total Capitaln/an/an/an/an/an/an/a