COMMUNITY BANK LANDSCAPE Georgia 1St Quarter 2019

COMMUNITY BANK LANDSCAPE Georgia 1st Quarter 2019

RESEARCH | INVESTMENT BANKING | EQUITY SALES & TRADING | FIXED INCOME | CORPORATE & PRIVATE CLIENT SERVICES TABLE OF CONTENTS

SECTION DESCRIPTION

I. GEORGIA BANK REGULATORY DATA

II. FIG PARTNERS UPDATE

2 I. GEORGIA BANK REGULATORY DATA OVERVIEW – GEORGIA BANK REGULATORY DATA

METHODOLOGY Outer North Metro ▪ 7 county regions separated by geographic relevance Metro Atlanta ▪ Data as of most recent available quarter as of March 31, 2019

▪ Regulatory call report data shown for East all banks

Southwest KEY STATE OBSERVATIONS

Southeast ▪ Median loan growth of 3.48%

▪ Median NIM of 4.21%

South

NOTES FOR ALL REGIONS: NPAs = Nonaccrual Loans + (Loans 90+ PD ) + Restructured Loans + OREO Nonaccrual loans, Loans 90+ PD and OREO are adjusted to exclude the FDIC guaranteed portion of these assets Source: S&P Global Market Intelligence, Most Recent Available Quarter 4 METRO ATLANTA BANKS

Company Information Balance Sheet Highlights Capital Adequacy Asset Quality Financial Performance Total Total MRQ Total MRQ Lns / Leverage RBC NPA/ LLR/ NCOs/ MRQ MRQ MRQ MRQ Assets Lns Growth Deposits Growth Dep. Ratio Ratio Assets Loans Loans Net Inc. ROAA N.I.M. Efficiency Name City ($M) ($M) (%) ($M) (%) (%) (%) (%) (%) (%) (%) ($000) (%) (%) (%)

Affinity Bank Atlanta $318 $251 19.7 % $237 52.0 % 105.8 % 9.70 % 11.62 % 0.55 % 1.17 % (0.02) % $577 0.75 % 3.24 % 66.4 %

Atlantic Capital Bank NA Atlanta 2,856 2,121 2.6 2,452 (18.1) 86.5 11.25 13.22 0.00 0.85 0.11 6,203 0.87 3.26 57.9

Citizens Trust Bank Atlanta 404 263 3.6 354 5.9 74.4 10.85 15.71 1.28 0.61 0.05 1,051 1.04 3.99 73.1

Cornerstone Bank Atlanta 219 152 6.3 166 (22.7) 91.8 9.63 17.04 4.33 1.95 (0.02) (72) (0.13) 3.82 99.9

Embassy National Bank Lawrenceville 113 73 (2.0) 94 41.6 77.7 16.32 21.88 0.45 2.01 0.00 743 2.73 5.36 68.9

Fidelity Bank Atlanta 4,785 3,941 1.6 3,997 0.4 98.6 9.00 13.08 1.07 0.79 0.10 6,768 0.57 3.56 84.4

First IC Bank Doraville 563 476 69.7 464 35.3 102.8 14.17 16.68 0.26 1.24 (0.67) 2,817 2.13 4.66 51.7

Georgia Banking Co. Sandy Springs 435 374 147.2 336 43.4 111.5 11.23 18.90 1.88 0.43 0.00 130 0.15 3.70 95.1

Georgia Primary Bank Atlanta 192 147 10.7 160 1.3 91.8 11.89 14.67 0.18 1.36 (0.01) 430 0.89 4.06 70.0

Gwinnett Community Bank Duluth 225 148 12.4 216 (26.0) 68.8 4.52 7.06 5.96 1.15 (0.03) 449 0.79 4.02 75.1

Heritage Bank Jonesboro 558 437 28.5 472 41.3 92.6 9.11 10.91 0.80 1.22 0.01 1,140 0.86 4.49 73.5

Legacy State Bank Loganville 104 82 20.5 88 33.2 93.6 10.80 13.16 2.33 1.20 0.00 374 1.49 3.98 58.2

Metro City Bank Doraville 1,488 1,282 25.6 1,299 13.5 98.7 11.21 17.90 0.75 0.51 0.04 8,751 2.39 4.26 45.2

PromiseOne Bank Duluth 391 296 21.9 324 0.8 91.3 13.01 18.41 0.29 1.09 0.00 2,782 2.82 4.51 52.0

Peoples Bank & Trust Buford 326 141 13.1 293 9.9 48.0 10.19 18.33 3.21 0.98 (0.02) 857 1.07 3.62 66.2

Piedmont Bank Peachtree Corners 1,011 803 9.6 889 11.8 90.4 10.12 12.01 0.65 0.90 0.00 3,823 1.57 4.50 50.6

Providence Bk Alpharetta 91 59 3.5 70 5.2 83.6 12.40 17.40 8.08 1.30 0.00 48 0.21 4.16 92.2

Quantum National Bank Suwanee 498 427 5.5 440 9.3 96.9 11.52 14.55 0.11 1.07 (0.01) 3,669 3.07 5.28 44.8

Signature Bank of Georgia Sandy Springs 120 77 102.2 100 1.6 77.0 14.98 22.70 3.12 0.93 (0.01) 8 0.03 3.89 97.2

SouthCrest Bank N.A. Atlanta 541 315 (4.4) 454 (10.3) 69.5 9.52 14.20 1.02 0.94 0.09 1,186 0.87 3.79 73.4

SunTrust Bank Atlanta 214,042 156,928 9.2 164,303 (1.1) 95.5 9.78 12.14 1.36 1.05 0.33 625,970 1.18 3.26 59.3

Touchmark National Bank Alpharetta 423 363 4.8 356 24.3 102.0 11.72 21.13 0.74 1.41 0.00 1,375 1.33 3.01 50.5

Vinings Bank Smyrna 329 130 19.3 299 65.6 43.4 8.89 13.44 0.58 1.02 0.00 473 0.60 3.24 93.5

Average 10,001 7,360 23.1 7,733 13.8 86.6 10.95 15.48 1.70 1.09 (0.00) 29,111 1.19 3.99 69.5 Median 404 296 10.7 336 9.3 91.8 10.85 14.67 0.80 1.07 0.00 1,051 0.89 3.98 68.9

Source: S&P Global Market Intelligence, Most Recent Available Quarter 5 OUTER METRO ATLANTA BANKS

American Commerce Bank NA Bremen 310 269 6.7 % 264 8.9 % 101.8 % 10.43 % 14.00 % 1.22 % 1.48 % 0.05 % 843 1.09 % 3.91 % 58.8 %

Bank of Monticello Monticello 108 69 6.2 96 (6.1) 72.3 10.54 17.84 1.65 0.90 (0.34) 422 1.58 4.33 63.5

Century Bank of Georgia Cartersville 195 99 (2.9) 172 3.6 57.4 11.43 20.63 0.34 1.59 (0.02) 623 1.31 4.11 63.0

Citizens Bank of Georgia Cumming 322 201 1.4 289 25.7 69.7 10.60 16.33 0.65 1.41 0.07 1,036 1.31 3.87 55.8

Community Bank of Pickens Cnty Jasper 353 266 1.4 307 (4.0) 86.6 11.25 16.50 4.03 1.13 0.33 1,372 1.56 4.18 57.2

F & M B&TC Manchester 66 45 (7.3) 61 2.1 73.5 5.19 7.92 6.32 1.17 (0.03) 7 0.04 4.74 99.1

First Bank of Pike Molena 51 30 14.9 46 19.3 64.2 8.73 16.58 1.00 1.25 0.17 30 0.24 5.28 90.4

First National Bank of Griffin Griffin 281 110 2.0 248 16.2 44.4 6.50 12.36 0.50 1.21 0.01 444 0.65 3.73 79.5

Liberty First Bank Monroe 134 90 1.8 119 8.2 75.4 11.05 15.90 1.15 1.21 0.00 321 0.98 4.00 74.5

Newton Federal Bank (MHC) Covington 310 240 13.6 241 13.4 99.4 19.78 30.02 1.27 1.74 (0.18) 212 0.27 4.04 93.3

Northside Bank Adairsville 130 89 6.0 113 20.3 78.2 8.44 12.90 3.22 1.25 0.00 (24) (0.07) 4.38 96.1

Talbot State Bank Woodland 60 27 (4.4) 53 (14.4) 50.6 9.79 25.70 2.30 1.53 (0.03) (20) (0.13) 3.79 103.4

United Bank Zebulon 1,414 656 7.6 1,265 3.9 51.9 10.40 19.22 0.38 1.79 (0.09) 8,459 2.44 3.87 55.1

WestSide Bank Hiram 135 81 23.5 122 22.0 66.8 9.07 13.81 8.94 1.41 0.00 252 0.76 5.12 84.2

Average 276 162 5.0 243 8.5 70.9 10.23 17.12 2.36 1.36 (0.00) 998 0.86 4.24 76.7 Median 165 94 4.0 147 8.5 71.0 10.42 16.42 1.24 1.33 - 372 0.87 4.08 77.0

Source: S&P Global Market Intelligence, Most Recent Available Quarter 6 NORTH GEORGIA BANKS

Bank of Dade Trenton $111 $52 15.4 % $99 7.8 % 52.6 % 10.69 % 24.19 % 0.70 % 1.16 % (0.84) % $424 1.54 % 4.01 % 64.3 %

Bank of LaFayette Georgia Lafayette 278 96 5.7 243 3.1 39.4 12.49 44.39 1.11 0.93 0.13 604 0.88 3.16 66.7

Citizens Bank & Trust Inc. Trenton 103 62 1.5 91 27.5 67.9 11.50 21.41 0.83 1.62 0.25 266 1.07 4.67 71.2

Elberton FS&LA Elberton 24 19 8.3 15 (12.9) 125.4 21.36 43.18 1.04 0.22 0.00 (9) (0.15) 3.51 104.0

First Bank Dalton 384 304 0.1 348 23.3 87.4 8.90 11.88 0.77 1.76 0.57 1,210 1.29 4.40 61.9

First Century Bank NA Gainesville 154 17 (1.5) 137 40.6 12.4 9.49 62.41 0.14 6.46 (1.40) 1,137 2.71 5.96 39.3

First Covenant Bank Commerce 136 42 3.1 116 7.4 36.0 14.17 27.78 8.41 1.20 0.05 83 0.25 5.10 89.7

First National Community Bank Chatsworth 163 114 (9.6) 139 (5.2) 81.8 13.10 20.74 2.51 1.67 (1.03) 427 1.05 4.15 69.6

Greater Community Bank Rome 208 158 10.0 172 54.9 91.8 10.19 12.93 0.43 1.09 0.06 659 1.36 4.68 68.5

Heritage First Bank Rome 137 112 7.0 120 7.0 93.8 11.05 14.20 0.94 0.96 (0.01) 333 0.99 5.15 79.2

North Georgia National Bank Calhoun 131 70 5.7 113 (42.3) 61.7 11.11 19.94 0.54 1.31 0.00 144 0.44 3.72 82.9

Northeast Georgia Bank Lavonia 474 233 (1.9) 423 (0.1) 55.0 11.00 19.30 0.58 1.18 0.06 1,779 1.51 3.62 60.1

Peach State Bank & Trust Gainesville 232 172 (6.1) 201 11.5 85.6 10.31 14.96 0.15 1.26 0.13 494 0.88 4.48 72.9

Pinnacle Bank Elberton 972 672 (7.7) 857 10.5 78.4 9.42 12.15 0.69 1.01 (0.09) 2,963 1.24 4.62 65.3

Rabun County Bank Clayton 174 121 (1.6) 145 (7.6) 83.6 12.98 21.00 1.07 2.59 (1.78) 610 1.41 4.44 64.2

River City Bank Rome 161 106 (9.2) 140 (11.8) 75.8 10.83 16.28 0.27 1.11 (0.36) 348 0.86 4.05 73.9

Southeast First National Bank Summerville 59 16 (7.5) 51 0.9 31.3 12.02 32.17 0.30 1.52 0.00 73 0.50 2.60 79.4

Southern Bank & Trust Clarkesville 205 160 11.2 182 24.4 87.6 9.22 13.27 0.97 1.37 0.02 606 1.22 4.38 66.4

United Community Bank Blairsville 12,480 8,520 5.6 10,657 (1.0) 79.9 10.40 14.04 0.54 0.72 0.15 42,732 1.37 4.09 52.1

Average 873 581 1.5 750 7.3 69.9 11.59 23.49 1.16 1.53 (0.22) 2,889 1.07 4.25 70.1 Median 163 112 1.5 140 7.0 78.4 11.00 19.94 0.70 1.20 - 494 1.07 4.38 68.5

Source: S&P Global Market Intelligence, Most Recent Available Quarter 7 EAST GEORGIA BANKS (1 OF 2)

Bank of Dudley Dublin $227 $154 (7.7) % $199 5.9 % 77.3 % 12.33 % 19.16 % 1.41 % 1.53 % 0.19 % $628 1.12 % 4.72 % 67.6 %

Bank of Eastman Eastman 167 122 (1.4) 149 0.3 82.0 10.45 16.34 8.31 1.28 0.01 364 0.86 4.61 83.2

Bank of Hancock County Sparta 76 25 19.9 60 1.6 41.0 20.85 41.72 0.24 4.03 0.05 115 0.62 4.01 85.5

Bank of Madison Madison 226 136 (2.5) 194 (2.9) 70.3 13.71 18.88 2.41 1.41 0.00 577 1.04 4.08 67.2

Bank of Newington Newington 130 110 8.1 113 0.1 97.7 9.12 12.43 2.88 1.72 0.03 415 1.28 5.17 61.2

Bank of Wrightsville Wrightsville 58 34 (9.6) 52 17.7 64.9 9.60 15.24 0.50 0.99 (0.03) 151 1.06 4.05 72.2

BankSouth Greensboro 636 544 11.2 545 (0.6) 99.9 9.79 13.71 0.62 1.18 0.00 2,460 1.58 4.26 84.2

Century Bank & Trust Milledgeville 261 167 7.0 232 (5.3) 71.9 10.46 15.49 1.51 1.10 0.01 888 1.37 4.00 61.9

Citizens B&TC Eastman 148 94 60.2 132 32.9 71.0 10.50 16.92 1.43 1.23 (0.13) 371 1.04 4.71 75.7

Citizens Bank of Cochran Cochran 91 73 14.4 81 16.6 90.4 11.54 16.10 1.21 0.79 (0.01) 121 0.54 4.57 81.7

Citizens Bank of Swainsboro Swainsboro 210 156 9.5 182 (2.7) 85.6 10.46 15.89 0.87 2.60 0.17 620 1.20 4.62 66.3

Citizens Bank of The South Sandersville 243 185 14.6 215 (3.9) 85.9 11.71 17.52 0.79 1.25 0.18 597 0.99 4.76 68.5

Commercial Bank Crawford 184 147 24.3 158 3.1 92.5 11.03 16.41 0.62 1.92 (0.01) 1,155 2.53 4.62 46.3

Durden Banking Co. Twin City 180 107 (10.9) 153 10.2 70.1 15.68 27.21 0.59 2.37 0.03 1,033 2.37 4.92 57.0

Exchange Bank Milledgeville 251 157 3.1 214 7.0 73.2 13.69 21.28 0.67 1.72 (0.02) 726 1.17 4.21 67.1

F&M Bank Washington 263 142 (4.6) 213 (6.2) 66.8 16.84 27.98 1.03 1.52 0.85 710 1.07 4.21 68.0

Farmers & Merchants Bank Eatonton 183 94 25.2 159 (7.3) 59.5 13.58 23.25 6.46 2.19 0.00 59 0.13 3.87 94.5

Farmers & Merchants Bank Sylvania 119 44 4.5 101 12.0 43.3 16.25 38.43 1.27 1.68 (0.01) 315 1.16 3.73 63.9

Farmers Bank Greensboro 104 51 70.0 90 (33.0) 57.4 13.75 25.50 0.61 1.62 0.01 295 1.11 3.41 59.0

Farmers State Bank Lincolnton 125 73 4.2 104 25.2 70.4 17.44 26.61 1.98 1.21 0.18 544 1.85 5.68 66.9

Source: S&P Global Market Intelligence, Most Recent Available Quarter 8 EAST GEORGIA BANKS (2 OF 2)

Farmers State Bank Dublin 126 91 3.6 107 (4.5) 85.0 14.94 20.77 1.79 2.85 0.09 396 1.27 4.35 70.1

First American B&TC Athens 545 361 6.6 453 3.3 79.6 11.00 17.88 0.58 1.41 (0.01) 1,692 1.25 3.60 60.8

First Madison Bank & Trust Athens 244 199 (6.0) 213 0.9 93.5 12.05 17.72 0.00 3.18 0.00 1,191 1.92 4.60 46.9

First National Bank Waynesboro Waynesboro 138 86 (2.4) 113 (7.4) 76.3 17.07 31.28 0.53 1.28 0.08 591 1.69 4.63 57.2

First State Bank Wrens 153 114 (1.0) 140 11.5 81.1 8.38 12.82 0.62 1.10 0.04 491 1.32 5.12 65.0

Four County Bank Allentown 72 51 (8.4) 62 8.2 83.0 13.68 21.38 0.89 2.18 (0.08) 308 1.74 4.35 58.8

Geo. D. Warthen Bank Sandersville 189 114 (13.6) 172 30.9 66.4 8.92 14.17 1.85 0.87 0.10 291 0.64 4.67 79.2

Morris Bank Dublin 762 599 (9.9) 666 4.8 89.9 10.62 13.74 1.56 1.62 0.11 4,637 2.44 4.39 59.9

Oconee State Bank Watkinsville 346 235 18.7 314 (5.4) 74.9 9.19 12.81 0.19 1.01 0.01 548 0.63 3.67 79.9

Peoples Bank Eatonton 123 82 (4.9) 112 2.0 72.9 6.64 10.99 4.47 1.36 (0.04) 223 0.74 4.48 81.3

Queensborough National B&TC Louisville 1,157 774 4.2 1,037 (8.2) 74.6 9.60 14.69 2.81 1.56 0.15 3,608 1.23 4.14 68.1

Southern Bank Sardis 81 46 (7.4) 71 25.4 64.2 11.88 21.76 3.77 1.19 0.30 102 0.51 4.35 80.3

State Bank of Cochran Cochran 214 130 (20.5) 181 (1.3) 72.0 15.25 27.92 2.92 4.54 (0.32) 1,175 2.19 4.59 53.7

Wilkinson County Bank Irwinton 49 26 6.4 41 (12.1) 62.9 16.31 34.67 1.52 1.98 0.60 143 1.18 4.35 63.2

Average 238 162 6.0 207 3.5 74.9 12.48 20.55 1.73 1.75 0.07 810 1.26 4.40 68.3 Median 182 114 3.9 156 1.3 73.9 11.80 17.80 1.24 1.53 0.01 546 1.18 4.37 67.1

Source: S&P Global Market Intelligence, Most Recent Available Quarter 9 SOUTHEAST GEORGIA BANKS (1 OF 2)

Altamaha B&TC Vidalia $164 $107 (7.8) % $144 (8.8) % 73.8 % 12.14 % 19.03 % 3.21 % 1.32 % 0.86 % $464 1.14 % 4.61 % 74.4 %

Bank of Hazlehurst Hazlehurst 135 60 (45.2) 118 (9.0) 50.5 10.85 23.29 6.79 3.30 3.18 121 0.36 4.00 62.9

Bank of Lumber City Lumber City 24 13 7.7 20 6.7 65.1 15.24 24.66 0.54 0.92 0.00 58 0.95 5.17 83.8

Bank of Soperton Soperton 86 68 12.4 78 39.6 86.3 9.02 13.16 0.61 1.48 0.00 335 1.64 5.43 66.4

Carver State Bank Savannah 43 25 (10.9) 35 36.3 70.9 10.46 17.86 4.82 1.67 0.03 104 1.01 5.49 72.1

Claxton Bank Claxton 123 80 5.5 110 10.6 72.4 10.32 15.65 2.54 1.84 (0.01) 397 1.30 4.89 72.2

Community Bk of GA Baxley 100 80 46.5 78 46.3 103.0 12.60 14.40 2.36 1.63 (0.08) 327 1.41 5.20 52.6

Douglas National Bank Douglas 187 150 0.1 164 20.5 91.4 12.06 15.79 0.22 1.14 0.03 1,205 2.65 4.95 54.6

Farmers & Merchants Bank Statesboro 191 112 (18.7) 171 10.3 65.7 9.73 16.71 0.88 1.05 (0.10) 395 0.83 3.87 73.4

Farmers & Merchants Bank Lakeland 492 366 (7.9) 439 5.0 83.3 5.98 9.39 8.20 1.51 0.54 380 0.31 3.85 79.2

First Bank of Coastal Georgia Pembroke 117 38 (0.3) 101 (24.2) 37.7 14.50 35.75 0.51 2.57 0.00 151 0.51 2.73 82.5

First Chatham Bank Savannah 360 239 (6.5) 323 (6.2) 73.9 8.97 12.75 4.76 1.12 0.01 1,190 1.33 4.58 70.1

First Natl Bk of Coffee Cnty Douglas 210 135 28.0 191 35.1 70.4 8.97 14.93 0.18 1.11 (1.33) 594 1.19 5.07 72.1

First Southern Bank Patterson 123 73 29.2 104 29.4 70.3 16.73 25.04 3.96 1.82 0.13 (120) (0.42) 4.58 95.4

FNB South Alma 383 277 6.6 319 11.0 86.7 16.13 24.19 0.78 3.12 (0.78) 2,332 2.48 5.23 49.6

Glennville Bank Glennville 247 159 9.9 217 12.4 73.2 12.21 18.53 1.38 2.01 (0.10) 841 1.42 4.54 61.3

Heritage Bank Hinesville 568 368 9.0 510 (18.7) 72.1 8.74 12.48 3.62 1.47 0.76 995 0.69 4.28 72.9

Merchants & Citizens Bank McRae 110 36 (1.2) 90 8.8 39.6 14.40 33.74 0.37 2.73 0.11 230 0.84 3.32 72.4

Mount Vernon Bank Mount Vernon 135 79 (1.3) 120 9.4 66.1 11.18 18.30 2.89 1.14 0.00 458 1.36 3.93 68.9

Peoples Bank Lyons 98 81 33.8 89 33.8 91.4 9.58 14.35 0.68 1.50 0.17 307 1.30 4.98 66.7

Source: S&P Global Market Intelligence, Most Recent Available Quarter 10 SOUTHEAST GEORGIA BANKS (2 OF 2)

Peoples Bank Willacoochee 77 42 14.7 67 (5.2) 63.4 13.40 22.68 0.33 0.53 0.03 250 1.31 3.73 69.8

Pineland Bank Alma 285 201 (1.3) 253 17.4 79.5 11.20 15.63 1.01 1.49 0.07 570 0.83 5.10 77.8

PrimeSouth Bank Waycross 630 485 24.3 550 40.3 88.3 10.85 15.23 1.05 1.58 (0.03) 2,107 1.40 4.63 58.0

Security State Bank McRae 48 21 (36.4) 41 (6.0) 50.8 14.95 29.25 0.01 2.32 (0.02) 207 1.81 4.71 63.2

South Coast Bank & Trust Brunswick 132 106 (4.9) 118 3.6 89.7 10.62 14.66 0.11 1.71 0.02 313 0.96 3.99 72.9

South Georgia Bank Glennville 163 98 7.4 141 7.8 69.3 12.37 20.90 0.43 2.56 (1.33) 932 2.36 4.91 55.0

Southeastern Bank Darien 427 215 7.4 372 6.7 57.8 12.63 22.30 0.85 2.03 (1.04) 1,568 1.48 4.18 60.8

Vidalia FSB Vidalia 207 61 4.9 175 (7.0) 34.9 15.43 52.87 1.07 1.08 0.01 152 0.29 2.43 85.2

Waycross Bank & Trust Waycross 163 83 (8.3) 144 11.0 57.6 11.76 21.50 0.55 2.42 0.01 652 1.65 3.44 73.1

Wheeler County State Bank Alamo 93 63 (1.8) 77 26.6 81.2 17.52 27.36 0.69 1.67 (0.16) 275 1.22 4.47 73.1

Average 204 131 3.2 179 11.5 70.5 12.02 20.75 1.85 1.73 0.03 593 1.19 4.41 69.7 Median 149 82 2.5 131 9.8 71.5 11.91 18.42 0.86 1.61 0.01 388 1.26 4.58 72.1

Source: S&P Global Market Intelligence, Most Recent Available Quarter 11 SOUTHWEST GEORGIA BANKS

American Pride Bank Macon $190 $144 8.1 % $154 (1.6) % 93.2 % 14.82 % 18.76 % 0.93 % 1.48 % 0.00 % $802 1.70 % 4.24 % 66.3 %

Bank of Dawson Dawson 122 84 13.3 100 27.3 83.8 18.65 20.98 1.71 1.40 0.06 584 1.94 4.67 56.2

Bank of Terrell Dawson 172 132 4.8 151 8.3 87.1 9.84 15.06 1.19 1.04 0.34 584 1.39 4.09 64.6

Calumet Bank LaGrange 207 132 (11.6) 185 6.5 71.2 9.86 14.07 0.37 1.11 0.51 585 1.12 3.80 59.5

Citizens Bank of Americus Americus 325 173 (4.9) 286 (0.9) 60.5 9.19 17.21 0.58 2.03 0.01 1,131 1.38 3.69 53.9

Cmnty Bnkg Co. of Fitzgerald Fitzgerald 165 116 25.4 139 19.7 83.5 11.86 17.32 0.55 2.06 0.11 550 1.36 4.24 58.1

Colony Bank Fitzgerald 1,277 779 (1.1) 1,113 10.0 70.0 9.97 15.78 1.17 0.85 0.42 3,276 1.04 3.53 67.2

Community Bank & Trust - W GA LaGrange 81 44 6.6 78 (29.3) 56.0 3.78 7.19 7.27 1.12 (0.03) (104) (0.50) 4.90 108.2

Ctzns State Bk of Taylor Cnty Reynolds 64 27 (7.6) 57 14.2 46.8 10.10 21.04 1.42 1.33 (0.04) 149 0.95 4.33 75.9

First Peoples Bank Pine Mountain 157 85 24.1 139 4.5 60.8 10.54 18.07 0.46 1.26 0.00 409 1.06 4.65 68.3

First St. Bk of Randolph Cnty Cuthbert 81 29 (12.8) 74 7.9 38.9 9.40 17.46 2.92 1.43 0.04 98 0.49 3.16 80.6

Peoples Bank of Georgia Talbotton 83 58 3.3 74 (8.9) 78.5 10.40 16.51 1.78 0.72 0.84 169 0.80 5.38 74.5

Persons Banking Company Forsyth 316 207 3.2 296 9.3 70.1 6.81 11.24 2.16 0.95 0.24 28 0.04 4.37 99.2

Planters First Bank Hawkinsville 327 239 2.8 294 (10.4) 81.2 9.68 13.50 1.95 1.19 (0.08) 720 0.88 4.34 82.5

Rochelle State Bank Rochelle 27 9 2.4 22 2.5 38.2 18.24 41.43 0.00 1.49 (0.05) 33 0.48 3.47 82.7

SunMark Community Bank Hawkinsville 276 191 (4.8) 242 8.9 78.8 10.94 17.44 1.57 2.06 0.00 855 1.25 4.44 75.2

Synovus Bank Columbus 46,523 35,690 149.4 38,446 170.9 92.8 9.77 11.75 0.53 0.72 0.19 127,197 1.11 3.78 58.0

West Central Georgia Bank Thomaston 131 44 (11.3) 97 2.9 45.7 24.76 56.13 0.05 2.87 (0.04) 414 1.28 3.59 63.3

Wilcox County State Bank Abbeville 110 79 3.3 90 16.3 88.1 10.93 16.61 1.24 1.58 0.28 348 1.31 4.67 63.1

Average 2,665 2,014 10.1 2,213 13.6 69.7 11.55 19.34 1.47 1.40 0.15 7,254 1.00 4.18 71.4 Median 165 116 3.2 139 7.9 71.2 10.10 17.21 1.19 1.33 0.04 550 1.11 4.24 67.2

Source: S&P Global Market Intelligence, Most Recent Available Quarter 12 SOUTH GEORGIA BANKS (1 OF 2)

AB&T Albany $192 $157 (2.1) % $158 (3.3) % 99.5 % 8.41 % 11.61 % 0.18 % 1.18 % 0.15 % $470 0.97 % 3.71 % 68.2 %

Ameris Bank Moultrie 11,570 8,594 (1.3) 9,807 6.3 87.6 10.69 13.44 0.92 0.33 0.17 44,871 1.58 4.00 52.0

Bank of Alapaha Alapaha 169 121 17.1 150 13.0 80.7 11.24 16.41 0.76 1.56 0.28 342 0.84 3.74 62.5

Bank of Camilla Camilla 106 53 6.5 89 (6.5) 58.9 15.26 21.89 1.46 1.80 (0.04) 195 0.73 4.03 79.0

Bank of Early Blakely 142 98 (19.0) 123 22.7 79.9 10.29 16.09 1.47 1.65 (0.08) 211 0.60 4.41 82.7

Bank of Edison Edison 49 22 (12.4) 45 7.5 48.9 9.21 20.93 0.81 1.39 0.22 92 0.75 3.71 80.6

Barwick Banking Company Barwick 13 1 (39.9) 12 (6.8) 9.1 7.27 81.54 0.00 4.09 0.00 2 0.06 2.17 97.2

Citizens Bank Nashville 251 164 2.1 216 0.6 75.9 13.58 24.02 2.63 1.57 0.05 480 0.76 3.68 78.2

Citizens Community Bank Hahira 138 85 (9.1) 122 16.5 70.0 12.46 21.03 1.68 1.53 0.11 436 1.27 4.34 70.8

Citizens Natl Bk of Quitman Quitman 102 69 (8.1) 87 (12.0) 79.9 13.09 20.19 1.75 1.76 (0.01) 265 1.04 3.92 64.1

Commercial Banking Company Valdosta 231 169 (4.9) 191 (8.2) 88.8 15.30 24.32 1.08 1.74 (0.03) 647 1.13 4.43 68.6

Commercial State Bank Donalsonville 95 48 15.9 78 (42.2) 61.9 15.22 27.55 1.42 1.98 0.01 322 1.29 3.98 65.0

Family Bank Pelham 103 81 11.4 91 14.9 88.2 12.32 20.09 1.26 0.98 0.08 209 0.88 4.97 79.5

First FS&LA of Valdosta Valdosta 184 159 5.8 117 7.1 135.9 15.77 NA 2.40 0.31 0.21 247 0.54 4.41 82.9

First Natl Bk of Decatur Cnty Bainbridge 180 123 6.2 160 (23.0) 76.7 8.70 14.16 0.50 1.64 (0.01) 393 0.86 3.56 68.8

First Port City Bank Bainbridge 217 149 9.5 189 29.7 79.0 9.26 14.11 0.28 1.48 0.00 654 1.25 3.91 60.1

First State Bank of Blakely Blakely 476 357 5.4 374 (14.2) 95.6 15.05 21.45 2.06 1.44 0.02 1,770 1.46 4.47 53.5

Flint Community Bank Albany 228 191 7.7 200 15.5 95.4 8.65 11.81 1.87 0.84 0.19 649 1.15 3.75 65.9

Guardian Bank Valdosta 422 274 (0.5) 380 11.1 72.2 10.33 17.57 0.75 1.89 0.01 1,396 1.36 3.62 61.7

PeoplesSouth Bank Colquitt 836 505 (3.8) 762 4.3 66.3 8.80 14.84 1.28 1.47 0.04 2,763 1.35 3.96 57.7

Source: S&P Global Market Intelligence, Most Recent Available Quarter 13 SOUTH GEORGIA BANKS (2 OF 2)

Planters & Citizens Bank Camilla 105 35 1.1 93 (23.9) 37.7 10.88 21.09 0.08 1.61 (0.02) 232 0.86 3.57 76.1

South Georgia Banking Co. Tifton 459 224 (7.6) 394 (11.2) 56.8 11.87 20.43 0.55 1.66 0.07 1,450 1.27 3.94 61.5

Southwest Georgia Bank Moultrie 550 376 0.3 490 29.8 76.8 8.24 12.58 0.19 0.89 0.19 1,262 0.93 3.75 72.6

TC Federal Bank Thomasville 300 239 1.1 254 5.0 94.2 12.90 18.09 0.65 1.35 (0.07) 134 0.18 3.40 92.8

Thomasville National Bank Thomasville 956 735 1.7 827 39.7 88.9 8.93 12.88 0.42 2.16 0.01 4,564 1.98 3.63 47.2

Trust Bank Lenox 40 24 (21.8) 35 13.4 66.8 10.30 17.56 3.13 1.42 0.49 129 1.30 6.15 81.3

United National Bank Cairo 217 190 (0.5) 180 (16.0) 106.0 14.17 19.17 2.39 2.27 (0.02) 788 1.45 4.76 57.4

Average 679 491 (1.5) 579 2.6 77.0 11.41 20.57 1.18 1.56 0.07 2,406 1.03 4.00 69.9 Median 192 157 0.3 160 5.0 79.0 10.88 18.63 1.08 1.56 0.02 436 1.04 3.92 68.6

Source: S&P Global Market Intelligence, Most Recent Available Quarter 14 GEORGIA PUBLICLY TRADED BANKS

Sorted by Market Capitalization Market Data Financial Highlights

Price to: Div. Weekly Short Insider Institut. LTM Total Total TCE NPAs/ LTM LTM Mkt Cap Closing Tg Bk EPS Yield Volume Interest Own. Own. Return Assets Loans /TA Assets ROAA ROAE Ticker Institution City StateExchange ($M) Price (%) (x) (%) (%) (%) (%) (%) (%) ($M) ($M) (%) (%) (%) (%)

STI SunTrust Banks Inc. Atlanta GA NYSE $28,347.1 $63.87 173.3 % 11.2 x 3.1 % 4.2 % 2.2 % 1.1 % 77.6 % -1.7 % $220,425.0 $157,014.0 7.6 1.32 1.29 11.25

SNV Synovus Financial Corp. Columbus GA NYSE 5,729.9 $36.38 149.2 10.9 3.3 5.9 3.2 0.9 69.3 -29.6 46,630.0 35,690.5 8.3 0.52 1.26 13.11

UCBI United Community Banks Inc. Blairsville GA NASDAQ 2,227.2 $28.18 187.9 13.2 2.3 3.0 2.3 2.1 91.0 -11.0 12,505.8 8,519.6 9.7 0.20 1.39 12.20

ABCB Ameris Bancorp Moultrie GA NASDAQ 1,737.1 $36.63 185.7 12.8 1.1 3.8 4.2 2.2 86.0 -31.4 11,656.3 8,594.4 8.5 0.54 1.26 10.18

LION Fidelity Southern Corp. Atlanta GA NASDAQ 809.3 $29.26 183.8 21.1 1.6 2.5 1.2 18.7 68.9 30.3 4,789.9 3,940.5 9.2 0.96 0.80 8.83

ACBI Atlantic Capital Bcshs Inc. Atlanta GA NASDAQ 426.2 $17.42 145.1 15.7 -- 2.2 1.7 3.4 83.7 -10.9 2,855.9 1,736.1 NA 0.40 1.03 9.06

MCBS MetroCity Bankshares Inc. Doraville GA OTCQX 332.0 $27.50 NA NA 0.0 0.0 0.0 45.3 -- 14.6 1,437.1 1,204.9 11.2 0.62 3.01 28.17

THVB Thomasville Bancshares Inc. Thomasville GA OTC Pink 233.9 $39.00 NA NA 3.3 0.0 0.0 24.9 0.9 4.1 880.5 732.0 8.7 0.17 2.00 21.44

CBAN Colony Bankcorp Inc. Fitzgerald GA NASDAQ 147.0 $17.41 146.5 12.7 1.7 0.3 0.0 27.0 15.9 7.4 1,279.1 779.5 7.8 0.72 0.95 12.70

SEBC Southeastern Banking Corp. Darien GA OTC Pink 64.4 $20.50 116.2 9.4 2.5 0.1 0.0 36.6 -- 5.6 419.6 211.3 13.2 0.82 1.60 13.18

SCSG SouthCrest Financial Group Inc Atlanta GA OTC Pink 60.5 $9.77 141.6 18.8 1.6 0.3 0.0 9.7 4.0 -9.9 542.6 315.3 NA 0.92 0.80 8.06

FIEB First IC Corp. Doraville GA OTC Pink 53.0 $8.05 84.0 NA -- 0.1 0.0 0.0 -- -21.1 500.7 405.7 14.4 0.55 2.16 14.31

SGB Southwest Georgia Financial Moultrie GA NYSEAM 52.9 $20.80 117.0 11.4 2.3 0.3 0.1 17.2 4.1 1.2 551.1 377.7 8.2 0.19 0.89 10.81

CCFH CCF Holding Co. Jonesboro GA OTCQX 40.1 $18.50 92.1 12.7 0.0 0.0 0.0 66.1 -- -27.5 512.0 408.3 8.5 3.57 0.90 10.75

TMAK Touchmark Bancshares Inc. Alpharetta GA OTC Pink 39.7 $8.86 81.3 7.4 0.0 0.1 0.0 50.0 -- -9.6 404.8 359.1 NA 0.74 1.36 11.24

SGBG Signature Bank of Georgia Sandy Springs GA OTC Pink 30.9 $1.10 155.5 NA -- 0.0 ------156.7 119.7 61.3 14.5 2.48 -1.19 -8.60

OSBK Oconee Financial Corp. Watkinsville GA OTCQX 30.6 $34.05 NA NA 1.8 0.1 ------3409.6 346.2 NA NA NA 0.59 NA

EXCH Exchange Bankshares Inc. Milledgeville GA OTC Pink 28.5 $45.00 NA NA 2.0 0.0 0.0 24.7 -- -5.0 249.5 155.5 13.1 0.80 1.14 8.97

CZBS Citizens Bancshares Corp. Atlanta GA OTC Pink 23.3 $11.00 54.6 5.9 2.7 0.2 0.0 37.8 4.8 -13.0 410.6 260.9 10.4 1.09 0.97 9.77

UNBK United National Bank Cairo GA OTC Pink 20.6 $30.50 NA NA -- NA 0.0 -- -- -9.0 224.7 190.5 13.4 1.42 1.32 9.77

ALBY Community Capital Bancshares Albany GA OTCQX 12.0 $9.75 79.5 8.8 0.0 0.2 0.1 16.6 -- -25.0 194.7 NA 7.8 0.02 0.74 9.43

CBHC CBC Holding Company Fitzgerald GA OTC Pink 8.2 $13.50 43.5 NA 4.4 0.0 0.0 -- -- 8.1 165.3 115.9 11.5 0.50 1.46 11.63

Avg. 1,838.8 125.7 12.3 1.9 1.1 0.8 21.3 46.0 156.1 13,959.1 11,053.7 10.3 0.88 1.17 11.25 Median 56.7 141.6 12.0 1.9 0.2 0.0 17.9 68.9 -7.0 527.3 407.0 9.5 0.72 1.20 10.81

Note: Market data as of May 8, 2019 Source: S&P Global Market Intelligence, Most Recent Available Quarter 15 RECENT SOUTHEAST TRANSACTIONS

Sorted by date announced Terms of the Transaction Target Financials Deal Purchase Price to Core Dep. Total NPA/ TCE/ LTM Date Considr Value Tg. Bk Erngs Assets Premium Assets Assets TA ROAA Announced Buyer St. Seller City St. Type ($M) (%) (x) (%) (%) ($M) (%) (%) (%)

05/08/19 Southern States Bancshares, Inc. AL East Alabama Financial Grp, Inc. Wedowee AL Mix NA NA NM NA NA $241.1 0.99 15.07 1.09

05/06/19 Banco Bradesco SA -- BAC Florida Bank Coral Gables FL Cash 500.0 258.9 16.8 22.0 33.7 2,274.8 1.57 8.49 1.37

05/03/19 MIDFLORIDA Credit Union FL Community Bank & Trust of FL Ocala FL Mix NA NA NM NA NA 733.3 0.09 9.16 1.10

04/30/19 Hancock Whitney Corp. MS MidSouth Bancorp Inc. Lafayette LA Mix 217.0 158.4 NM 12.5 5.8 1,743.4 1.82 8.03 -1.50

04/24/19 CBS Banc-Corp. AL PrimeSouth Bank Tallassee AL Cash NA NA NM NA NA 253.2 0.65 10.04 1.08

04/24/19 First Citizens BancShares Inc. NC Entegra Financial Franklin NC Cash 213.7 154.2 15.2 13.3 8.0 1,636.4 0.91 8.41 0.86

04/24/19 Chambers Bancshares Inc. AR Bank of Dardanelle Bkshs Inc. Dardanelle AR Mix NA NA NM NA NA 134.5 3.61 12.68 0.90

04/18/19 Big Creek Bancshares Inc AR Tyronza Bancshares Inc. Marked Tree AR Mix NA NA NM NA NA 59.6 0.22 10.62 0.83

03/29/19 Dancar Bus. Corp FL Citizens B&TC Atwood TN Cash NA NA NM NA NA 25.3 0.37 9.17 0.73

03/27/19 Power Financial Credit Union FL TransCapital Bank Sunrise FL Cash NA NA NM NA NA 204.1 1.50 18.00 2.44

03/05/19 BancorpSouth Bank MS Summit Financial Entrprs Inc. Panama City FL Mix 100.3 173.1 14.3 21.3 11.5 471.9 0.75 11.71 1.58

03/01/19 F & M Bancshares Inc. TN Chester County Bancshares Inc. Henderson TN Cash NA NA NM NA NA 111.9 NA 11.08 NA

02/26/19 Commerce Bancorp Inc MS Peoples Commerce Corp. North Carrollton MS Stock NA NA NM NA NA 71.7 0.00 15.15 1.24

02/25/19 Investor Group FL First City Bank of Florida Fort Walton Beach FL Cash NA NA NM NA NA 157.9 23.31 2.50 -0.54

02/25/19 Stone Bancshares Inc. AR DBT Financial Corp. De Witt AR Mix NA NA NM NA NA 94.4 6.14 16.49 2.60

02/19/19 FAIRWINDS CU FL Friends Bank New Smyrna Beach FL Mix NA NA NM NA NA 95.3 1.56 10.83 1.27

02/07/19 BB&T Corp. NC SunTrust Banks Inc. Atlanta GA Stock 28,188.3 178.3 11.0 13.1 8.1 215,543.0 1.35 7.56 1.34

02/05/19 United Community Banks Inc. GA First Madison Bank & Trust Athens GA Cash 52.0 171.5 11.4 20.1 14.2 258.3 0.00 11.74 1.96

01/25/19 NB Holdings LLC AL Merit Bancorporation Inc. Huntsville AL Cash 4.3 130.1 NM 14.8 4.1 28.8 3.64 11.35 0.35

01/24/19 Central Florida Educators FCU FL Fidelity Bank of Florida NA Merritt Island FL Cash NA NA NM NA NA 174.4 0.87 17.04 -0.88

Avg. 4,182.2 174.9 13.7 16.7 12.2 11,215.7 2.60 11.26 0.94 Median 213.7 171.5 14.3 14.8 8.1 189.3 0.99 10.96 1.09 Note: Includes whole bank transactions where 100% equity was acquired; Data as of May 8, 2019 Note: Most recent 20 transactions in the Southeast; Southeast consists of AL, AR, FL, GA, LA, MS, NC, SC and TN Source: S&P Global Market Intelligence 16 II. FIG PARTNERS UPDATE FIG PARTNERS MISSION

“WE ARE DEDICATED TO COMMUNITY BANKS AND WE EXIST TO BE THE TRUSTED ADVISOR FOR COMMUNITY BANKS AND THEIR INVESTORS ”

Founded in 2003, FIG Partners is a recognized Industry Specific, Client Focused industry expert in our five primary services: M&A

Capital Strategic Raising Advisory

Market Valuation Makers Services

www.figpartners.com Fixed Equity Income Capital Markets

Equity Sales & Research Trading

18 INVESTMENT BANKING AND CAPITAL MARKETS

Capital Mergers & Advisory Markets Acquisitions Services

• Public Equity & Debt • Whole Bank Sales • Valuation Services Offerings • Branch Divestitures • Strategic Planning • Private Placements of Debt & • Acquisition Analysis • Fairness Opinions Equity • Merger of Equals • Distressed Asset Sales • Private Equity Transactions • Change of Control • Succession Planning • Recapitalizations Transactions • Capital Advisory

▪ Providing guidance and maximizing value for clients:1 • Participated in 143 equity capital offerings, helping raise > $4.7 billion of equity capital since inception • Participated in 35 debt capital offerings, helping raise > $800 million of debt capital since inception • Advised on 120 whole bank transactions, totaling > $8.0 billion in transaction value since inception ▪ A seasoned team of more than 17 experienced and veteran professionals: • Involved in over $5.0 billion of equity raises • More than 275 bank transactions throughout the nation • Combined experience of more than 225 years

(1) Updated as of May 8, 2019 Source: S&P Global Market Intelligence, FIG Partners 19 A NATIONALLY RECOGNIZED CAPITAL RAISING LEADER

▪ Since January 1, 2017, FIG has helped Capital Offerings League Tables < $1.0 Billion Assets¹ Number of raise more than $1.2 billion of equity Rank Advisor Offerings capital, and more than $190 million of National debt capital, successfully completing 40 1FIG Partners LLC 65 equity capital raises and 13 debt capital 2Sandler O'Neill 42 3Stifel / KBW 28 raises

2 ▪ Since Inception, FIG has helped raise more Capital Offerings League Tables < $50.0 Million Offered Capital Offerings League Tables < $1.0 Billion Assets¹ Number of than $4.7 billion of equity capital, and Rank Advisor Offerings more than $800 million of debt capital, National successfully completing 143 equity capital 1Sandler O'Neill 94 raises and 35 debt capital raises 2Stifel / KBW 75 3FIG Partners, LLC 71

$31.1 Million $26.3 Million $63.3 Million $45.0 Million $72.1 Million

Initial Public Common Stock Common Stock Common Stock Initial Public Offering Offering Offering Offering Offering Lead Book Runner Sole Placement Agent Sole Book Runner Sole Placement Agent Lead Book Runner May 2019 April 2019 August 2018 August 2018 May 2018

(1) Preferred and common stock offerings from January 1, 2009 to May 8, 2019 (2) Preferred and common stock offerings < $50M, from January 1, 2011 to May 8, 2019 Source: S&P Global Market Intelligence, FIG Partners 20 A STRONG HISTORY OF CAPITAL RAISING EFFORTS

Date of Company State Symbol Offering/Role Offering Size Offering ▪ Specialization Most Recent FIG Partners Capital Raises Red River Bancshares, Inc. LA RRBI Lead Book Runner $31.1 M May-19 FIG is among the premier investment banking and capital BankFirst Capital Corporation MS Private Sole Placement Agent $13.0 M Apr-19 markets firms focused on serving the needs of small-cap United Bancorporation of Alabama, Inc. AL UBAB Sole Placement Agent $26.3 M Apr-19 financial institutions. Victory Bancorp, Inc. PA VTYB Sub Debt $3.0 M Mar-19 First Southern Bank GA Private Sole Placement Agent $16.0 M Feb-19 FNCB Bancorp, Inc. PA FNCB Lead Manager $23.0 M Feb-19 ▪ Institutional Distribution Mercantil Bank Holding Corporation FL AMTB Co-Manager $81.9 M Dec-18 Grand Mountain Bancshares, Inc. CO GMBB Sub Debt $1.5 M Dec-18 Our Equity Capital Markets team has excellent long-term Embassy Bancshares, Inc. GA Private Sub Debt $5.0 M Dec-18 relationships with leading institutions focused on investing in GrandSouth Bancorporation SC GRRB Sub Debt $10.0 M Nov-18 Pilot Bancshares, Inc. FL PLBN Sole Placement Agent $10.0 M Oct-18 small- and mid-cap banks. Revere Bank MD REVB Co-Manager $47.1 M Sep-18 HarborOne Bancorp, Inc. (MHC) MA HONE Sub Debt $35.0 M Aug-18 ▪ Accredited Investor and Retail Network Select Bancorp, Inc. NC SLCT Sole Book Runner $63.3 M Aug-18 MainStreet Bancshares, Inc. VA MNSB Sole Placement Agent $45.0 M Aug-18 FIG has a deep stable of high net worth and home office Freedom Bancorp, Inc. NJ Private Sub Debt $12.0 M Jun-18 Citizens Community Bancorp, Inc. WI CZWI Senior Placement Agent $65.0 M Jun-18 investors to ensure success on smaller market cap names. First Mid-Illinois Bancshares, Inc. IL FMBH Lead Book Runner $36.0 M Jun-18 First Internet Bancorp, Inc. IN INBK Co-Manager $57.5 M Jun-18 ▪ After Market Support Studio Bank TN Private Sole Placement Agent $46.0 M Jun-18 BayCom Corp. CA BCML Lead Book Runner $72.1 M May-18 Our Sales and Trading desk is a leading market maker in small- Gateway Bank, F.S.B. CA Private Sole Placement Agent $10.5 M May-18 Porter Bancorp, Inc. KY PBIB Financial Advisor $15.0 M Mar-18 cap stocks, often trading far more shares than any of the other Village Bank and Trust Financial Corp. VA VBFC Sub Debt $5.7 M Mar-18 financial institution “boutique” firms. SB Financial Group, Inc. OH SBFG Sole Book Runner $30.0 M Feb-18 First Capital Bancshares, Inc. NC FCPB Financial Advisor $30.0 M Feb-18 Ben Franklin Financial, Inc. IL BFFI Sole Placement Agent $4.5 M Feb-18 ▪ Research Capabilities McHenry Bancorp, Inc. IL Private Sole Placement Agent $23.0 M Jan-18 Coastal Bank & Trust NC Private Sole Placement Agent $8.0 M Jan-18 FIG Research team is a leading provider to community banks First Bancshares, Inc. MS FBMS Co-Manager $58.4 M Oct-17 with coverage of over 100 banks, mostly small-cap, Eagle Bancorp Montana, Inc. MT EBMT Co-Manager $21.7 M Oct-17 FFBW, Inc. WI FFBW Sole Placement Agent $29.5 M Oct-17 throughout the entire nation. Gold Coast Bancorp NY GLDT Sub Debt $13.5 M Sep-17 Fidelity Financial Corporation KS Private Sub Debt $42.0 M Sep-17 ▪ Experienced Deal Team Pilot Bancshares, Inc. FL PLBN Sole Placement Agent $7.5 M Sep-17 First Internet Bancorp IN INBK Co-Manager $55.0 M Sep-17 We will devote significant investment banking resources to FS Bancorp, Inc. WA FSBW Co-Manager $27.6 M Sep-17 ensure the highest level of execution. Our investment bankers Grand Mountain Bancshares, Inc. CO Private Sole Placement Agent $5.6 M Sep-17 Bay Banks of Virginia, Inc. VA BAYK Sole Placement Agent $35.0 M Aug-17 have a tremendous amount of experience leading equity Citizens Community Bancorp, Inc. WI CZWI Sub Debt $15.0 M Aug-17 capital transactions for our clients. Bank of Fincastle VA BFTL Sole Placement Agent $14.3 M Jul-17 RBB Bancorp CA RBB Co-Manager $86.3 M Jul-17 Metropolitan Capital Bancorp, Inc. IL Private Sub Debt $6.0 M Jul-17 Coastal Carolina Bancshares SC CCNB Sole Placement Agent $16.5 M Jun-17 Sussex Bancorp NJ SBBX Co-Manager $30.0 M Jun-17 21 A NATIONALLY RECOGNIZED, LEADING M&A ADVISOR

1 ▪ Since January 1, 2017, FIG has U.S. Bank M&A Advisory League Tables Number of advised on 45 M&A transactions, Rank Advisor Transactions

totaling approximately $4.7 billion Since January 1, 2017 in transaction value 1Sandler O'Neill 117

2Stifel / KBW 95 ▪ Since Inception, FIG has advised 3Hovde Group, LLC 58 on 120 M&A transactions, totaling more than $8.0 billion in 4FIG Partners, LLC 45 transaction value 5Stephens Inc. 39

$751 Million $305 Million $80 Million $1.4 Billion $117 Million

Agreed to be Agreed to Acquire Agreed to Acquire Agreed to be Agreed to Acquire Acquired by Acquired by

Financial Advisor Financial Advisor Financial Advisor Financial Advisor Financial Advisor December 2018 August 2018 July 2018 May 2018 April 2018

(1) Data as of May 8, 2019 Source: S&P Global Market Intelligence, FIG Partners 22 FIG PARTNERS HISTORICAL WHOLE BANK TRANSACTIONS Since its inception in 2003, FIG Partners has advised on 120 community bank deals nationwide. This represents over $8.0 billion in deal value.

Announcement Deal Value Total Assets Announcement Deal Value Total Assets Date Buyer Seller ($M) ($M) Date Buyer Seller ($M) ($M)

05/08/19 Southern States Bancshares, Inc. East Alabama Financial Group, Inc. -- 241.1 06/28/17 Bank of McKenney CCB Bankshares Inc. 19.0 216.1 03/19/19 First Bank Grand Bank NA 19.4 196.9 06/26/17 BayCom Corp. Plaza Bank 10.6 69.7 01/22/19 Citizens Community Bancorp, Inc. F. & M. Bancorp of Tomah Inc. 21.6 194.6 06/01/17 Charter Financial Corporation Resurgens Bancorp 26.3 166.8 12/20/18 CCF Holding Company Heritage Bncp, Inc./ Providence Bk 105.0 628.7 05/04/17 Trona Valley Community Federal Credit Union State Bank -- 37.0 12/17/18 Ameris Bancorp Fidelity Southern Corp. 750.7 4,812.1 05/04/17 Seacoast Banking Corporation of Florida Palm Beach Community Bank 71.3 346.0 12/13/18 Delmar Bancorp Virginia Partners Bank 55.1 420.1 04/24/17 Sierra Bancorp OCB Bancorp 35.5 270.3 12/12/18 Morris State Bancshares, Inc. FMB Equibanc Inc. 23.6 193.0 03/28/17 FNS Bancshares, Inc. Commerce Bancshares Inc. 21.8 159.1 12/10/18 BayCom Corp Uniti Financial Corp. 63.9 325.4 03/17/17 Citizens Community Bancorp, Inc. Wells Financial Corp. 40.2 268.5 11/15/18 BankFirst Capital Corporation FNB Bcshs of Central AL Inc. 47.4 273.2 02/17/17 West Town Bancorp, Inc. Sound Banking Co. 22.9 185.3 09/13/18 Park National Corporation CAB Financial Corp. 141.8 730.7 02/06/17 First Busey Corporation First Community Finl Partners 242.0 1,268.2 08/23/18 Lakeland Bancorp, Inc. Highlands Bancorp Inc. 56.7 487.9 12/15/16 BayCom Corp. First ULB Corp. 36.9 452.6 08/22/18 First Busey Corporation Banc Ed Corp. 304.9 1,853.1 12/13/16 Southern National Bancorp of Virginia, Inc. Eastern Virginia Bankshares 180.9 1,314.9 08/13/18 BayCom Corp Bethlehem Financial Corp 23.5 156.8 11/15/16 Little Bank, Inc. Union Banc Corp. 30.7 299.5 07/24/18 First Bancshares, Inc. FMB Banking Corp. 80.0 480.4 11/03/16 Bay Banks of Virginia, Inc. Virginia BanCorp Inc. 31.6 323.6 06/21/18 Citizens Community Bancorp, Inc. United Bank 50.7 280.8 10/20/16 Independent Bank Corp. Island Bancorp Inc 24.5 194.1 06/15/18 Carolina Trust BancShares, Inc. Clover Community Bkshs Inc. 21.5 130.2 07/01/16 North Shore Bank, FSB Layton Park Financial Grp Inc 5.7 122.9 06/12/18 First Mid-Illinois Bancshares, Inc. SCB Bancorp Inc. 70.4 437.8 06/08/16 Farmers & Merchants Bancorp Delta National Bancorp 7.2 106.0 06/07/18 First Midwest Bancorp, Inc. Northern States Financial Corp 91.0 487.1 05/12/16 Coastal Carolina Bancshares, Inc. VistaBank 12.2 110.1 05/18/18 Citizens Bancshares Corporation Regional Bankshares Inc. 11.3 117.0 04/26/16 First Mid-Illinois Bancshares, Inc. First Clover Leaf Fin Corp. 89.5 636.9 05/13/18 Cadence Bancorporation State Bank Finl Corp. 1,373.7 4,892.3 03/14/16 First Community Financial Partners, Inc. Mazon State Bank 8.5 84.6 05/10/18 Stifel Financial Corp. Bus. Bancshares Inc. 127.4 619.5 01/04/16 Sierra Bancorp Coast Bancorp 13.8 146.9 04/23/18 RBB Bancorp First American Intl Corp 116.8 873.4 12/17/15 Pacific Commerce Bancorp ProAmérica Bank 29.8 211.1 04/19/18 Premier Financial Bancorp, Inc. First Bank of Charleston Inc. 27.8 189.2 12/03/15 First Busey Corporation Pulaski Financial Corp. 211.6 1,521.7 03/14/18 HarborOne Bancorp, Inc. (MHC) Coastway Bncp, Inc. 125.6 738.9 12/03/15 Charter Financial Corporation CBS Financial Corp. 58.7 368.7 12/20/17 Heritage Commerce Corp Tri-Valley Bank 31.1 147.2 11/23/15 BNH Financial Community Guaranty Corp. 12.9 115.1 12/13/17 South Atlantic Bancshares, Inc. Atlantic Bancshares Inc. 18.1 87.0 11/10/15 RBB Bancorp TFC Holding Co. 83.2 486.9 12/11/17 Union Savings and Loan Association Hibernia Bancorp Inc 28.0 136.5 10/26/15 Fidelity Southern Corporation American Enterprise Bkshs Inc 26.9 205.4 12/11/17 First Mid-Illinois Bancshares, Inc. First BancTrust Corp. 73.8 465.6 10/21/15 Southern BancShares (N.C.), Inc. Heritage Bankshares Inc. 50.2 340.9 10/24/17 Bangor Bancorp, MHC First Colebrook Bancorp Inc. 45.0 262.4 10/19/15 Bank of the Ozarks, Inc. Community & Southern Hldgs Inc 799.5 3,859.5 09/27/17 Old Line Bancshares, Inc. Bay Bancorp Inc. 127.6 645.9 10/14/15 NCAL Bancorp Commercial Bank of California -- 328.2 09/25/17 First Reliance Bancshares, Inc. Independence Bancshares Inc. 2.6 89.8 08/24/15 Avadian Credit Union American Bank of Huntsville 9.2 123.1 09/18/17 First American Bank Corporation Southport Financial Corp. 44.0 285.3 08/14/15 BNC Bancorp Southcoast Financial Corp. 95.5 505.6 08/16/17 National Commerce Corporation FirstAtlantic Finl Hldgs Inc 107.9 462.4 07/30/15 Glacier Bancorp, Inc. Cañon Bank Corp. 31.7 253.1 08/01/17 PB Financial Corporation CB Financial Corp. 11.2 106.8 07/20/15 HCBF Holding Company, Inc. OGS Investments Inc. 23.5 231.1 07/21/17 Delmar Bancorp Liberty Bell Bank 16.8 147.8 05/14/15 FNB Bancorp America California Bank 21.5 132.6

Source: S&P Global Market Intelligence, FIG Partners 23 RECENT FIG PARTNERS TRANSACTIONS

Agreed to be Agreed to Acquire Acquired by $31,050,000 $13,000,000 $26,250,000 Initial Public Common Stock Common Stock Offering Offering Offering Financial Advisor Lead Book Runner Sole Placement Agent Sole Placement Agent Financial Advisor May 2019 May 2019 April 2019 April 2019 March 2019

Agreed to Acquire $3,000,000 $16,000,000 $23,000,000 $81,900,000 Subordinated Debt Common Stock Common Stock Offering Offering Offering Initial Public Offering Sole Placement Agent Sole Placement Agent Lead Manager Financial Advisor Co-Manager March 2019 February 2019 February 2019 January 2019 December 2018

Agreed to Merge with Agreed to be $1,500,000 Agreed to be Agreed to Acquire Acquired by Acquired by Subordinated Debt Offering Financial Advisor Sole Placement Agent Financial Advisor Financial Advisor Financial Advisor December 2018 December 2018 December 2018 December 2018 December 2018

Note: Dates are as of announcement date for M&A transactions, unless noted otherwise 24 We are Dedicated to the Success of Community Banks and Their Investors

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