MortgageStrategyInformationfortheBoardofDirectors

andSeniorManagementTeam

October2015

Currentsituation

Weoperateasabrokerforahandfulofcompaniesthatagreedtobuyourloans

4originatorswhodedicatepartoftheirtimetosecondarymarketloans

Ourproductionisinconsistentandnotveryprofitable

Ourproductsanddeliveryarenotcompetitive Weeitherneedtogrowtoaprofitableandcompetitivelevelorexitthelineofbusiness

Mortgagemodels

Broker Correspondent Direct Originate loans funded by third parties

Originate loans in our name Originate loans in our name

Loans closed in third party name Loans closed in our name Loans closed in our name Loans never held by us Loans held for sale on our

balance sheet for 30 45 days until sold to third parties

Loans held for sale on our balance sheet for 30 45 days until sold to third parties

Minimal level of products Medium level of products Maximum level of products Little customer pricing flexibility

Moderate customer pricing flexibility

Maximum customer pricing flexibility

Underwriting done by third party

Underwriting in house for most products (can be outsourced)

Underwriting in house

Underwriting standards determined by third parties

Underwriting standards determined by third parties

Underwriting standards determined by us

Low risk Medium risk High risk Low return Medium return High return Best suited for annual production under $100 million

Best suited for annual production from $100 million to $500 million

Best suited for annual production over $500 million

Loans locked with third party Loans locked with third party Loans locked internally No interest rate risk Little interest rate risk Maximum interest rate risk Buyback risk generally limited to fraud

Limited buyback risk Maximum buyback risk

Currentopportunity

StartupapurchasebasedmortgagebusinessinMiddleGeorgia

HeadquarteredinWarnerRobins,possibleoperationsalsoinMacon

LedbyacandidatethatBillDanielintroducedtotheBank

Currentlyheworksforalargebankwithasignificantmortgagedivision

SalesmanagerforAtlantaregion,basedinMarietta

SuccessfulinrecruitingoriginatorsintheAtlantamarket

Hasrunhisownmortgagecompanyinthepast

Currentopportunity(continued)

Consultantwithsignificantexperienceinstartingandrunningmortgagecompanieswhohasagreedtohelpussetuptheoperationsofthemortgagedivision

CandidateforanoperationsmanagerwithsignificantexperienceandknowledgeofmiddleGeorgiamarkets

Windowofopportunitytogainmarketshareandrecruitoriginatorsbasedonthetimingandthepreviousemployerofallthreeindividuals

Currentopportunity(continued)

PattiDeal/RobinBratcherwouldhandleinhousemortgageloansandwewillcentralizedthatprocess

Otheroriginatorswillfocusontheirprimaryjobduties generallycommercialandsmallbusinesslendinganddeposits

Windowofopportunitytogainmarketshareandrecruitoriginatorsbasedonthetimingandthepreviousemployerofallthreeindividuals

Comparison

Secondarymarketmortgageloanstodaycomeprimarilyfromourbranchnetworkorfromcallingonindividualcustomers

Theproposedmodelwillgeneratestandalonebusinessindependentofourbranchnetwork

Primaryoriginationwillcomefromreferralsfromrealtorsonpurchasetransactions

Thisprovidesamorestablerevenuesourcethanbrancheswhichrelymoreheavilyonrefinanceactivity

Personneltiming Lookingtostartwithkeypersonnelhiresinthenext10to20days

WouldliketobringoriginatorsoverinJanuary/Februaryintimetopickupthespringhomepurchasebusiness

Add7originatorsinthefirst12months Add5originatorsinthenext12months 14totalstaffbytheendofyear1 22totalstaffbytheendofyear2

Compensation Divisionpresident

Salaryplusabonusbasedona%ofdivisionprofits

Originators Commissionbasedona%ofloansoriginated

Operationsmanager Salaryplusadiscretionarybonus

Processors Salaryplusaperfilefee

Operationsstaff Salaryplusaperfilefeeforsomepositions

Georgiamortgageoriginators

MortgageoriginationsbyMSA

Marketopportunity WarnerRobins

Proformafinancials

PlantersFIRST Mortgage Pro Forma Projections

Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016

Originations 750,000 4,500,000 10,000,000 15,750,000 21,000,000 Number of loans 5 30 67 105 140 Average size 150,000 150,000 150,000 150,000 150,000

Net interest income 859 5,156 11,458 18,047 24,063 Gain on sale 13,875 83,250 185,000 291,375 388,500 Origination fees 7,500 45,000 100,000 157,500 210,000 Other fees 6,375 38,250 85,000 133,875 178,500

Total revenue 28,609 171,656 381,458 600,797 801,063

Fixed expenses 96,820 117,420 126,690 162,225 131,325 Variable expenses 22,550 156,000 278,933 391,644 538,731

Total expenses 119,370 273,420 405,623 553,869 670,056

- - Quarterly net income (90,761) (101,764) (24,165) 46,928 131,006

Annual net income (90,761) 52,005

Annual originations 51,250,000

Percentages of origination

Gain on sale 1.85% 1.85% 1.85% 1.85% 1.85%Origination fee 1.00% 1.00% 1.00% 1.00% 1.00%Other fees 0.85% 0.85% 0.85% 0.85% 0.85%

3.70% 3.70% 3.70% 3.70% 3.70%

Expenses 15.92% 6.08% 4.06% 3.52% 3.19%

Net income -12.10% -2.26% -0.24% 0.30% 0.62%

PlantersFIRST Mortgage Pro Forma Pro

OriginationsNumber of loansAverage size

Net interest incomeGain on saleOrigination feesOther fees

Total revenue

Fixed expensesVariable expenses

Total expenses

Quarterly net income

Annual net income

Annual originations

Percentages of origination

Gain on saleOrigination feeOther fees

Expenses

Net income

Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018

24,500,000 30,500,000 34,500,000 34,500,000 34,500,000 34,500,000 34,500,000 34,500,000 163 203 230 230 230 230 230 230

150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000

28,073 34,948 39,531 39,531 39,531 39,531 39,531 39,531 453,250 564,250 638,250 638,250 638,250 638,250 638,250 638,250 245,000 305,000 345,000 345,000 345,000 345,000 345,000 345,000 208,250 259,250 293,250 293,250 293,250 293,250 293,250 293,250

934,573 1,163,448 1,316,031 1,316,031 1,316,031 1,316,031 1,316,031 1,316,031

109,695 118,965 123,600 123,600 123,600 123,600 123,600 123,600 673,310 819,507 917,659 917,659 917,659 917,659 917,659 917,659

783,005 938,472 1,041,259 1,041,259 1,041,259 1,041,259 1,041,259 1,041,259

- - - - - - - - 151,568 224,976 274,772 274,772 274,772 274,772 274,772 274,772

926,088 1,099,088

124,000,000 138,000,000

1.85% 1.85% 1.85% 1.85% 1.85% 1.85% 1.85% 1.85%1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85% 0.85%3.70% 3.70% 3.70% 3.70% 3.70% 3.70% 3.70% 3.70%

3.20% 3.08% 3.02% 3.02% 3.02% 3.02% 3.02% 3.02%

0.62% 0.74% 0.80% 0.80% 0.80% 0.80% 0.80% 0.80%

Otheradvantages ThismodelprovidesforinexpensiveexpansiontoothermarketswhencomparedtoafullbranchPossibilitiesinclude WarnerRobins Tifton Albany Athens Other

Mortgageisoftenaleadproducttodevelopnewcustomerrelationships

Experienceinnichebusinesscanleadtoothernichebusinesses

Riskdiscussion Majorrisks

Interestrate Buyback/credit

Interestrateriskmitigation Centralizedlockdesk Centralizedmonitoringoflockactivity

Buyback/creditriskmitigation Centralizedunderwriting Correspondentmodel

Otherrisks Execution Reputation Compliance/regulatory Other

Riskoversight Boardmonitoringandreporting Mortgageadvisoryboard/committee Seniormanagementoversight Roleofthirdpartyreview

Audit Compliance Qualitycontrol

Roleofinternalaudit/compliance

HeathFountain MortgageExperienceatHBOS 2010 2012 MortgageoperationsreportedtomeandproductionreportedtoourChiefBankingOfficer

2012 2015 EntiremortgagedivisionreportedtomeandourChiefBankingOfficerjointly

Servedasamemberourmortgageadvisoryboard

Servedasamemberofourmortgageriskcommittee

2014originations>$1billion 2015originations approx.$1.8billion

Nextsteps

Negotiatecontractwithdivisionleader Recruitoperationsmanager Bringthosetwoonboard Communicatedetailplanwithregulators Establisharrangementswithcorrespondentlenders

AcquireofficespaceinWarnerRobins/Macon Addbackofficestaff Addoriginationstaff Brandingdecisions

Questions&Answers