 Atlantic Capital Bancshares, Inc. (ACBI) Investor Presentation Proprietary & Confidential July 28-29, 2015 Filed by Atlantic Capital Bancshares, Inc. pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: First Security Group, Inc. Commission File No.: 000-49747 Date: July 28, 2015 |
 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which Congress passed in an effort to encourage companies to provide information about their anticipated future financial performance. This act protects a company from unwarranted litigation if actual results are different from management expectations. This presentation reflects the current views and estimates of the management of Atlantic Capital and First Security. These forward-looking statements are subject to a number of factors and uncertainties which could cause Atlantic Capital’s, First Security’s or the combined company’s actual results and experience to differ from the anticipated results and expectations expressed in such forward-looking statements, and such differences may be material. Forward-looking statements speak only as of the date they are made and neither Atlantic Capital nor First Security assumes any duty to update forward-looking statements. In addition to factors previously disclosed in First Security’s reports filed with the SEC and those identified elsewhere in this presentation, these forward-looking statements include, but are not limited to, statements about (i) the expected benefits of the transaction between Atlantic Capital and First Security and between Atlantic Capital Bank and FSGBank, including future financial and operating results, cost savings, enhanced revenues and the expected market position of the combined company that may be realized from the transaction, and (ii) Atlantic Capital’s and First Security’s plans, objectives, expectations and intentions and other statements contained in this presentation that are not historical facts. Other statements identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects” or words of similar meaning generally are intended to identify forward-looking statements. These statements are based upon the current beliefs and expectations of Atlantic Capital’s and First Security’s management and are inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond their respective control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ from those indicated or implied in the forward-looking statements and such differences may be material. The following risks, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: (1) the businesses of Atlantic Capital and First Security may not integrate successfully or the integration may be more difficult, time-consuming or costly than expected; (2) the expected growth opportunities and cost savings from the transaction may not be fully realized or may take longer to realize than expected; (3) revenues following the transaction may be lower than expected as a result of losses of customers or other reasons, including issues arising in connection with integration of the two banks; (4) deposit attrition, operating costs, customer loss and business disruption following the transaction, including difficulties in maintaining relationships with employees, may be greater than expected; (5) governmental approvals of the transaction may not be obtained on the proposed terms or expected timeframe; (6) the terms of the proposed transaction may need to be modified to satisfy such approvals or conditions; (7) Atlantic Capital’s shareholders or First Security’s stockholders may fail to approve the transaction; (8) reputational risks and the reaction of the companies’ customers to the transaction; (9) diversion of management time on merger related issues; (10) changes in asset quality and credit risk; (11) the cost and availability of capital; (12) customer acceptance of the combined company’s products and services; (13) customer borrowing, repayment, investment and deposit practices; (14) the introduction, withdrawal, success and timing of business initiatives; (15) the impact, extent, and timing of technological changes; (16) catastrophic events in our geographic area; (17) a weakening of the economies in which the combined company will conduct operations may adversely affect its operating results; (18) the U.S. legal and regulatory framework, including those associated with the Dodd Frank Wall Street Reform and Consumer Protection Act, could adversely affect the operating results of the combined company; (19) the interest rate environment may compress margins and adversely affect net interest income; (20) competition from other financial services companies in the companies’ markets could adversely affect operations; and (21) Atlantic Capital may not be able to raise sufficient financing to consummate the merger. Additional factors that could cause First Security’s results to differ materially from those described in the forward-looking statements can be found in First Security’s reports (such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K) filed with the SEC and available at the SEC’s website (www.sec.gov). All subsequent written and oral forward-looking statements concerning Atlantic Capital, First Security or the proposed merger or other matters and attributable to Atlantic Capital, First Security or any person acting on either of their behalf are expressly qualified in their entirety by the cautionary statements above. Atlantic Capital and First Security do not undertake any obligation to update any forward-looking statement, whether written or oral, to reflect circumstances or events that occur after the date the forward-looking statements are made. 2 Proprietary & Confidential |
 ADDITIONAL INFORMATION ABOUT THE ATLANTIC CAPITAL/FIRST SECURITY MERGER TRANSACTION This presentation relates to the proposed merger transaction involving Atlantic Capital and First Security. In connection with the proposed merger, Atlantic Capital and First Security have filed a preliminary joint proxy statement/prospectus on Form S-4 and other documents with the Securities and Exchange Commission (the “SEC”). This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WIT H THE PROPOSED MERGER OR INCORPORATED BY REFERENCE IN THE JOINT PROXY STATEMENT/PROSPECTUS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ATLANTIC CAPITAL, FIRST SECURITY AND THE PROPOSED MERGER. When available, the joint proxy statement/prospectus will be delivered to shareholders of Atlantic Capital and stockholders of First Security. Investors will also be able to obtain copies of the joint proxy statement/prospectus and other relevant documents (when they become available) free of charge at the SEC’s website (www.sec.gov). Copies of documents filed with the SEC by Atlantic Capital will be available free of charge from Carol Tiarsmith, Executive Vice President and Chief Financial Officer, Atlantic Capital Bancshares, Inc., 3280 Peachtree Road, NE, Suite 1600, Atlanta, Georgia 30305, telephone: (404) 995-6050. Documents filed with the SEC by First Security will be available free of charge from First Security by contacting John R. Haddock, Executive Vice President and Chief Financial Officer, First Security Group, Inc., 531 Broad Street, Chattanooga, Tennessee, telephone: (423) 308-2075. Atlantic Capital, First Security and certain of their directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from the shareholders of Atlantic Capital and the stockholders of First Security in connection with the proposed merger. Information about the directors and executive officers of Atlantic Capital will be included in the joint proxy statement/prospectus for the proposed transaction. Information about the directors and executive officers of First Security is included in the proxy statement for its 2015 annual meeting of stockholders, which was filed with the SEC on April 29, 2015. Additional information regarding the interests of such participants and other persons who may be deemed participants in the transaction is included in the joint proxy statement/prospectus (or will be included in amendments or supplements thereto) and the other relevant documents filed with the SEC when they become available. Forward-Looking Statements (Continued) Proprietary & Confidential 3 |
 Proprietary & Confidential Overview Proprietary & Confidential Organized in 2007 with initial equity capital raise of $125 million Approximately 400 shareholders; 50% individual, 50% institutional BankCap Partners 28% Stone Point Capital 8% Goldman Sachs 8% Insider ownership 16% Targeting: Small to mid-sized enterprises; there are approximately 4,000 companies between $5mm-$250mm in Atlanta MSA Highly-select group of institutional caliber commercial real estate developers and investors Principals of our commercial clients, professionals and their practices, and other affluent families 58% 36% 6% Business Mix Corporate Banking Commercial Real Estate Private Banking As of 3/31/2015 4 |
 Proprietary & Confidential Investment Highlights Organic Growth Story in Desirable Market Opened in 2007 to serve middle market in Southeast US Organically grew to $1.4 billion in assets despite severe market headwinds Ranked #7 in 2014 Deposit Market Share in the City of Atlanta Market Share Well positioned to capitalize on Atlanta market recovery and higher interest rates Supplemented by recently announced strategic acquisition of FSGI Accomplished Management Team Bankers average over 25 years experience Led by Douglas Williams, former senior Corporate Banking, Capital Markets and Credit Executive at Wachovia Attractive Business Mix Focused on middle market commercial, emerging growth companies and high net worth clients 58% Corporate Banking, 36% CRE, 6% Private Banking Strong Growth Prospects Initiatives in place to maintain robust top line growth Operating model will produce enhanced efficiencies going forward Disciplined Risk Management Consistently superb asset quality NPAs/assets have averaged 0.43% since inception Proprietary & Confidential 5 |
 Balanced Business Mix Proprietary & Confidential 6 Attractive and diversified loan portfolio Credit quality consistently among the best in banking No non-performing loans Diversified, stable and low all-in cost deposit channels Deposits sourced through direct customer relationships with businesses, private banking customers, and financial institutions Continued opportunity for deposit costs to decline in a flat rate environment and to significantly lag in periods of rising rates |
 Q1 2015 Financial Highlights $1,085 $1,149 $1,381 Loans Deposits Assets Net income was $1.7 million, or $0.12 per share Revenue increased 19% since Q1 2014 Total loans were up $147 million from the same period last year (excluding Mortgage Warehouse) In the first quarter of the year, $83 million in new commitments were generated; $30 million of those were in the Corporate Bank Deposits were $236 million higher than Q1 2014 Mortgage Warehouse Loans $s in millions $10.2MM $1.7MM $1.2MM $3.0MM Revenue Net Income Non-interest Income Pretax pre-provision earnings Proprietary & Confidential 7 |
 Proprietary & Confidential Atlantic Capital Strategy Proprietary & Confidential Become a premier southeastern business and private banking company Accelerated Organic Growth Investing in people and capabilities to accelerate organic growth and build profitability Results are evidence of meaningful progress Interest rate risk position enhances earning leverage Mergers & Acquisitions Announced merger with First Security Group on March 25 Continuing to build dialogue with several prospective strategic partners in Atlanta and across the Southeast Patient and disciplined approach; shareholder perspective 8 |
 Atlantic Capital/First Security Merger Snapshot Financial information as of March 31, 2015 (1) See pro forma balance sheet as of March 31, 2015 Form S-4/A filed July 16, 2015 Corporate Overview • Headquartered in Atlanta, GA • Privately held • Single office location • Corporate and private banking • Atlanta focus • Headquartered in Chattanooga, TN • NASDAQ listed (FSGI) • 26 offices • Small business and retail banking • Chattanooga and Knoxville focus Financial Scale • $1.4 billion in assets • $1.1 billion in deposits • $1.1 billion in total loans • $1.1 billion in assets • $924 million in deposits • $734 million total loans Business Strengths • Middle market corporate banking • Commercial real estate finance • SBA / Franchise lending • Private banking • Treasury services • Small business lending • Credit tenant loans • Mortgage banking • Trust and wealth management • Retail deposit channel • Headquartered in Atlanta, GA • Seeking NASDAQ listing (ACBI) • 27 offices (prior to potential consolidations / sales) • Expanded footprint along I-75 • $2.5 billion in assets • $2.1 billion in deposits • $1.8 billion total loans • $280 million in equity • Broad commercial platform • Significant fee income businesses • Diversified funding mix Proprietary & Confidential 9 |
 Atlantic Capital Attractive Market Demographics First Security Atlanta-Sandy Springs-Roswell, GA MSA • Total Population 2014: Approximately 5.6 million • 2014-2019E Population Growth: 6.4% projected • Median HH Income 2014: $52,533 • Total Deposits in Market: Approximately $130 billion Chattanooga, TN-GA MSA • Total Population 2014: Approximately 544 thousand • 2014-2019E Population Growth: 4.0% projected • Median HH Income 2014: $41,704 • Total Deposits in Market: Approximately $8.5 billion Knoxville, TN MSA • Total Population 2014: Approximately 855 thousand • 2014-2019E Population Growth: 3.1% projected • Median HH Income 2014: $44,405 • Total Deposits in Market: Approximately $14.7 billion Source: Nielsen, SNL Financial Creates a leading middle market commercial bank operating along the I-75 corridor Proprietary & Confidential 10 |
 Atlantic Capital/First Security Merger Rationale Efficient Access to Public Market Liquidity and Value NASDAQ listing expected Prospective market capitalization greater than $300MM Significant new capital including DTA, equity private placement at premium to TBV, and subordinated notes More diverse shareholder base Expanded Southeast Regional Footprint 26 offices providing core funding along commercially attractive I-75 corridor Atlanta: High density of small businesses and commercial enterprises Chattanooga/Knoxville: Diversified manufacturing and service economies Complementary Business Strengths Atlantic Capital’s Strengths: C&I, CRE and Private Banking; Corporate Treasury and Private Banking Deposits First Security’s Strengths: Small Business and Specialty Commercial Lending; Small Business and Retail Deposit Channel Merger plan ensures management continuity with local market presence and significant domain expertise Compelling Financial Opportunity Enhances both banks’ business plans to expand and diversify revenue opportunities Significant cost saving and revenue enhancement opportunities provide basis for substantial EPS accretion Retains a significant portion of FSGI NOLs Strong regulatory capital ratios Sustains robust loan origination trends and opportunities in all markets Superior credit quality profile limits balance sheet risk Complementary interest rate risk positions Proprietary & Confidential 11 |
 Summary of Transaction Terms Transaction Atlantic Capital Bancshares, Inc. (“ACBI”) merger with First Security Group, Inc. (“FSGI”) Holding Company Merger FSGI to merge with and into ACBI to create Atlantic Capital Bancshares, Inc. Bank Merger Atlantic Capital Bank to merge with and into FSGBank N.A. Transaction Value Approximately $159 million in the aggregate Consideration Mix 65-70% common stock / 35-30% cash; FSGI shareholders may elect stock based on a fixed exchange ratio of 0.188 shares of ACBI common stock for each FSGI share or cash equal to $2.35 per share (ACBI plans to register its shares with the SEC and seek a NASDAQ listing concurrent with the closing of the transaction) Source of Financing $25 million common equity private placement at $12.60 per ACBI share from Trident IV funds managed by Stone Point Capital LLC Remaining proceeds to come from cash and issuance of up to $50 million in subordinated notes Treatment of Options Existing FSGI options to be exchanged for ACBI options Pro Forma Ownership Based on 30% cash: • ACBI – 63.8%* • FSGI – 36.2% *BankCap 15.7%; Stone Point 12.8%; Goldman 4.6% Proprietary & Confidential 12 *Stone Point’s pro forma ownership includes 1.125 million shares currently owned plus 1.984 million shares to be issued |
 Merger Priorities Complete Integration and Realize Cost Savings and Revenue Synergies Integrate operating platforms and product capabilities Divest non-strategic offices in east Tennessee; leverage combined technology and product capabilities for greater efficiency and better service Add middle market corporate banking effort in east Tennessee Begin focused small business effort in Atlanta with limited office footprint Expand mortgage and trust/wealth management effort to Atlanta Integrate Organizations with Common Culture Articulate corporate mission, values, and cultural aspirations Choose leaders committed to our mission who demonstrate our values and reach for our aspirations Use our talent appropriately and efficiently to build an organization which encourages people to grow and perform at a high level Focus on Key Business Combination Opportunities Middle market treasury management opportunities in Tennessee markets Small business, wealth management and mortgage in Atlanta Achieved Performance Targets 1.0% ROAA within 24-36 months 10.0% –12.0% ROATCE within 24-36 months Proprietary & Confidential 13 |
 Pro Forma Financial Results Key Merger Assumptions Estimated Pro Forma Financial Results (2) • Earnings estimates based on combined management discussions • Cost savings estimated to equal approximately 15% of FSGI’s non-interest expense base o Approximately 55% realized in 2016 • One-time merger-related expenses of approximately $10 million (6.4% of total transaction value) • Credit and interest rate marks estimated to total approximately $4.2 million net of $8.7 million reserve • Deferred tax asset preservation currently estimated to total $48.8 million (1) • New common issued (ACBI) $12.60 per share • Subordinated debt issued by ACBI up to $50 million • Revenue synergies and additional cost savings identified but not incorporated • Projected closing date early 4 Quarter 2015 • Prior 2016 EPS guidance of $0.95 to $1.10 was based on 23 million shares outstanding, Q1 2015 earnings projections, and then current interest rate forecasts • 2016 budget planning will reflect earnings projections updated for YTD 2015 results and outlook, new cost savings and revenue enhancement opportunities, and current interest rate forecasts • Estimated BV/TBV at close approximately $11.54/$10.47 per share, respectively • Pro Forma capital ratios – consolidated o CET 1/Tier 1 Risk Based Capital 9.32% o Total Risk Based Capital 12.06% o Leverage Ratio 8.71% • Pro Forma capital ratios – bank o CET 1/Tier 1 Risk Based Capital 10.04% o Total Risk Based Capital 10.57% o Leverage Ratio 9.37% • Pro Forma shares outstanding – approximately 24 million (versus 23 million estimated shares in merger presentation) (1) Based on the highest IRS published applicable tax exempt rate as of March 1, 2015 of 2.67%. The value of the deferred tax asset is subject to future potential adjustments. (2) Based on consideration mix of minimum cash (30% cash and 70% equity). 14 Proprietary & Confidential th |
 APPENDIX ******************* |
 Management Biographies Name and Title Age Experience Walter M. “Sonny” Deriso, Jr. Chairman (Non-Executive) 68 • Retired Vice Chairman of Synovus Financial Corp. in Columbus, Georgia. • Former President of Security Bank and Trust Company of Albany, a Synovus bank • Former Partner in the law firm of Divine, Wilkin, Deriso, Raulerson & Fields • Former Chairman of the Georgia Bankers Association • Current Member of the Board of Trustees of Emory University, member of the Board of Directors of Post Properties, Chairman of the Board of the Georgia Regional Transportation Authority (GRTA), Chairman of The Foundation of the Methodist Children’s Home of the South Georgia Conference and member of the Board of Directors of the Georgia Chamber of Commerce Douglas Williams Chief Executive Officer 57 • Chief Executive Officer of Atlantic Capital since its inception • Former Managing Director and Head of Wachovia Corporation’s International Corporate Finance Group • Held numerous roles within Wachovia, including Executive Vice President and Head of the Global Corporate Banking Division; Chief Risk Officer for all corporate, institutional, and wholesale banking activities; Executive Vice President and Co-Head of Wachovia’s Capital Markets Division and Executive Vice President and Head of Wachovia’s US Corporate Banking Division • Chairman of the Community Depository Institutions Advisory Council (CDIAC) of the Federal Reserve Bank of Atlanta and its representative to the CDIAC of the Federal Reserve Board of Governors • Serves on the Boards of the Metro Atlanta Chamber of Commerce, the Georgia Chamber of Commerce, and the YMCA of Metropolitan Atlanta and the High Museum of Art and is a Member of the Buckhead Coalition Michael Kramer President, Chief Operating Officer 57 • Chief Executive Officer and President of First Security since December and Chief Executive Officer of FSGBank since 2011 • Former Managing Director of Ridley Capital Group • Former Director, Chief Executive Officer and President of Ohio Legacy Corporation • Former Chief Operating Officer and Chief Technology Officer of Integra Bank Corporation • Serves on the Boards of Chattanooga Chamber of Commerce, Chattanooga, United Way, The Tennessee Bankers Association and the Chattanooga Young Life Committee Proprietary & Confidential 16 |
 First Security Trans 30% MMDAs 29% Time 29% Brokered Deposits 12% $ in thousands Transactional MMDAs Time Brokered Deposits Total Cost of Deposits Amount $277,685 265,269 265,629 114,969 $923,552 0.49% % of Total 30% 29 29 12 100 % Attractive Deposit Mix Note: Data as of March 31, 2015 Combined Trans 36% MMDAs 51% Time 1% Trans 33% MMDAs 41% Time 14% Brokered Deposits 12% $ in thousands Transactional MMDAs Time Brokered Deposits Total Cost of Deposits Amount $688,432 848,014 281,699 254,018 $2,072,163 0.38% % of Total 33% 41 14 12 100 Atlantic Capital Brokered Deposits 12% $ in thousands Transactional MMDAs Time Brokered Deposits Total Cost of Deposits Amount $410,747 582,745 16,070 139,049 $1,148,611 0.28% % of Total 36% 51 1 12 100 % % Proprietary & Confidential 17 |
 Atlantic Capital 1-4 Fam 3% Multifam 8% Comm RE 13% Owner Occupied 18% C&D 9% C&I 35% Cons. & Other 14% $ in thousands 1-4 Family Multifamily Comm RE Owner Occupied C&D C&I Consumer & Other Total Portfolio Yield NPAs/Assets 2yr CAGR Amount $27,566 91,743 147,099 192,122 99,146 376,200 151,374 $1,085,250 3.44% 0.59% 17% % of Total 3 8 13 18 9 35 14 100 % % Diversified Loan Mix Combined 1-4 Fam 12% Multifam 6% Comm RE 20% C&D 8% C&I 25% Cons. & Other 10% Owner Occupied 19% $ in thousands 1-4 Family Multifamily Comm RE Owner Occupied C&D C&I Consumer & Other Total Portfolio Yield NPAs/Assets 2yr CAGR Amount $221,144 107,233 358,732 354,108 150,058 471,154 180,646 $1,843,075 3.89% 0.68% 18% % of Total 12 6 20 19 8 25 10 100 First Security 1-4 Fam 26% Multifam 2% Comm RE 28% Owner Occupied 21% C&D 7% C&I 12% Cons. & Other 4% $ in thousands 1-4 Family Multifamily Comm RE Owner Occupied C&D C&I Consumer & Other Total Portfolio Yield NPAs/Assets 2yr CAGR Amount $193,578 15,490 211,633 161,986 50,912 94,954 29,272 $757,825 4.53% 0.81% 18% % of Total 26 2 28 21 7 12 4 100 % % % % Note: Data as of March 31, 2015; NPAs include performing TDRs Source: SNL Financial Proprietary & Confidential 18 |
 ACBI Historical Balance Sheet Proprietary & Confidential 19 2007 2008 2009 2010 2011 2012 2013 2014 2015Q1 Total cash & interest bearing deposits 15,637 $ 37,769 $ 9,968 $ 83,746 $ 158,484 $ 197,841 $ 200,098 $ 48,627 $ 68,830 $ Total securities AFS 19,026 71,839 90,244 91,241 125,361 127,751 145,743 133,437 136,783 Other short-term investments 38,852 18 - 3,995 9,295 25,515 25,060 45,623 40,503 Loans HFS - - - - - 64,353 - - 581 Total Loans HFI 91,211 400,385 584,129 652,577 700,562 746,392 817,002 1,039,713 1,084,669 Total allowance for loan losses (1,459) (5,605) (10,528) (11,929) (9,731) (10,736) (10,815) (11,421) (11,800) Net loans held for investment 89,752 394,780 573,601 640,648 690,831 735,656 806,187 1,028,292 1,072,869 Premises & equipment 4,768 4,276 3,574 2,966 2,593 3,956 4,340 3,612 3,466 OREO - - 1,779 1,775 1,775 1,531 1,531 1,531 1,531 SBA servicing asset - - - - - 32 36 782 848 Other assets 1,418 4,648 9,135 18,000 32,689 45,887 46,397 52,955 55,357 Total Assets 169,453 $ 513,330 $ 688,301 $ 842,371 $ 1,021,028 $ 1,202,522 $ 1,229,392 $ 1,314,859 $ 1,380,768 $ Total deposits 52,925 345,782 491,846 690,861 874,379 1,025,811 1,081,153 1,105,845 1,148,611 Total borrowed money - 57,982 87,716 27,470 17,912 37,634 7,837 56,517 79,434 Other liabilities 3,555 3,600 3,466 5,524 8,164 10,993 9,167 11,568 8,564 Total liabilities 56,480 407,364 583,028 723,855 900,455 1,074,438 1,098,157 1,173,930 1,236,609 Common stock 12,533 12,533 13,261 13,261 13,261 13,384 13,438 13,497 13,608 APIC 110,705 112,252 119,315 119,950 120,523 121,383 122,233 122,838 124,137 Retained earnings (10,351) (18,399) (27,860) (15,821) (14,130) (8,199) (3,056) 4,460 6,174 Accumulated Oth Comp Inc 87 (419) 558 1,127 937 1,550 (1,266) 609 1,416 Treasury stock (1) (1) (1) (1) (18) (34) (114) (475) (1,176) Total Equity 112,973 105,966 105,273 118,516 120,573 128,084 131,235 140,929 144,159 Total Liabilities and Equity 169,453 $ 513,330 $ 688,301 $ 842,371 $ 1,021,028 $ 1,202,522 $ 1,229,392 $ 1,314,859 $ 1,380,768 $ TCE / TA 66.7% 20.6% 15.3% 14.1% 11.8% 10.6% 10.7% 10.7% 10.4% Tier 1 leverage capital ratio 67.7% 24.9% 14.9% 14.7% 13.1% 11.4% 11.9% 10.7% 10.6% Tier 1 risk based capital ratio 85.6% 21.5% 15.3% 15.4% 14.0% 12.8% 12.8% 11.0% 10.1% Total risk based capital ratio 86.7% 22.6% 16.6% 16.7% 15.2% 13.9% 13.8% 11.9% 11.0% |
 ACBI Historical Income Statement ($ in thousands) Proprietary & Confidential 20 2007 2008 2009 2010 2011 2012 2013 2014 2015Q1 Interest income 4,728 $ 15,169 $ 23,292 $ 28,213 $ 29,682 $ 30,933 $ 32,537 $ 36,542 $ 9,912 $ Interest expense 612 4,997 5,768 5,992 4,991 4,196 3,615 3,449 880 Net interest income 4,116 10,172 17,524 22,221 24,691 26,737 28,922 33,093 9,032 Provision for loan losses 1,459 4,146 10,087 2,813 7,144 (1,322) 246 488 364 Non-interest income 521 210 477 1,365 2,237 2,861 3,708 5,283 1,182 Total realized gains - - - 214 560 27 167 59 - Non-interest expense 11,534 14,284 17,375 17,556 17,643 21,768 24,893 26,574 7,202 Income (loss) before income tax (8,356) (8,048) (9,461) 3,431 2,701 9,179 7,658 11,373 2,648 Income tax expense (benefit) - - - (8,607) 1,009 3,248 2,515 3,857 934 Net income (loss) (8,356) $ (8,048) $ (9,461) $ 12,038 $ 1,692 $ 5,931 $ 5,143 $ 7,516 $ 1,714 $ Key ratios ROAA -9.29% -2.69% -1.52% 1.57% 0.20% 0.58% 0.46% 0.60% 0.51% ROAE -11.14% -7.37% -8.89% 11.09% 1.40% 4.79% 3.96% 5.46% 4.83% NIM 4.85% 3.46% 2.83% 2.93% 2.99% 2.75% 2.75% 2.85% 2.86% Efficiency Ratio 248.71% 137.59% 96.52% 73.76% 64.18% 73.48% 75.90% 69.14% 69.66% Non-interest expense / average assets 12.82% 4.77% 2.79% 2.29% 2.06% 2.12% 2.23% 2.18% 2.14% |
   Pro Forma Comparable Group Analysis – Southeast (1) Financial data as of or for the twelve months ended March 31, 2015 (2) NPAs/Assets = (nonaccrual loans + TDR + OREO)/total assets Source: SNL Financial Proprietary & Confidential 21 Financial data as of or for the twelve months ended June 30, 2015 Market data as of July 21, 2015 Selected Major Exchange Southeast Banks with Total Assets $2.0 Billion - $5.0 Billion; NPAs / Assets < 2.0% Market Information Balance Sheet LTM Profitability Asset Quality Price / Tier 1 Total Market % of 52- 2016E Total Loans / TCE / Lev. RBC Eff. NPAs / LLR / Cap. wk high BV TBV EPS Assets Deposits TA Ratio Ratio ROAA ROAE NIM Ratio Assets (2) Loans Company City, St. Ticker ($mm) (%) (%) (%) (x) ($mm) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) ServisFirst Bancshares Inc. Birmingham, AL SFBS 1,001 96.9 242 253 14.5 4,493 103.6 8.9 9.9 12.0 1.4 13.6 3.7 39.1 0.56 1.03 Yadkin Financial Corporation (1) Raleigh, NC YDKN 706 98.8 131 190 13.2 4,267 90.8 9.1 9.6 12.3 0.8 6.3 4.4 60.7 0.84 0.28 BNC Bancorp (1) High Point, NC BNCN 790 98.0 170 215 12.2 4,173 89.4 7.7 8.4 12.1 0.8 9.0 4.5 58.6 1.50 0.92 CenterState Banks (1) Davenport, FL CSFL 632 97.7 136 170 14.7 3,889 78.3 9.8 10.2 15.8 0.6 5.0 4.4 70.1 1.18 0.85 City Holding Co. (1) Charleston, WV CHCO 771 97.0 190 231 15.3 3,553 89.4 9.6 10.2 15.6 1.7 14.3 3.9 53.8 1.31 0.77 State Bank Finl Corp. (1) Atlanta, GA STBZ 797 97.2 151 163 17.7 3,352 72.0 14.8 15.0 20.7 1.3 7.6 5.4 60.5 0.17 1.47 Seacoast Banking Corp. of FL (1) Stuart, FL SBCF 537 96.5 162 180 17.3 3,232 71.1 9.0 10.0 15.6 0.3 3.3 3.4 76.7 1.67 0.95 Fidelity Southern Corp. Atlanta, GA LION 408 97.9 143 145 11.8 3,375 91.4 8.5 9.8 13.7 1.3 14.8 3.4 70.0 1.67 0.81 NewBridge Bancorp (1) Greensboro, NC NBBC 339 94.6 135 153 12.7 2,735 96.1 8.2 9.1 12.0 0.6 6.2 3.7 66.5 0.42 1.12 First Community Bancshares Inc (1) Bluefield, VA FCBC 348 97.7 100 144 13.0 2,586 83.9 9.7 10.2 16.7 1.0 7.4 4.0 63.8 1.23 1.21 Park Sterling Corporation (1) Charlotte, NC PSTB 330 94.0 118 137 14.4 2,398 85.7 10.1 11.0 15.6 0.6 4.8 3.9 74.9 0.74 0.53 Stonegate Bank Pompano Beach, FL SGBK 389 99.6 146 188 14.5 2,272 91.0 9.4 9.9 11.8 1.0 8.5 4.0 54.3 0.67 0.98 High 1,001 99.6 242 253 17.7 4,493 103.6 14.8 15.0 20.7 1.7 14.8 5.4 76.7 1.67 1.47 Low 330 94.0 100 137 11.8 2,272 71.1 7.7 8.4 11.8 0.3 3.3 3.4 39.1 0.17 0.28 Mean 587 97.1 152 181 14.3 3,360 86.9 9.6 10.3 14.5 0.9 8.4 4.1 62.4 1.00 0.91 Median 585 97.4 144 175 14.4 3,363 89.4 9.2 10.0 14.6 0.9 7.5 4.0 62.2 1.01 0.93 |
 Interest Rate Sensitivity Note: $s in millions Source: Based on First Security and Atlantic Capital income sensitivity analysis as of March 31, 2015. An income sensitivity analysis is model driven, and based upon a number of material assumptions, including interest rate levels, the shape of the yield curve, and customer preferences and behaviors in light of changing rates. The model also assumes no growth and no change in asset mix. Actual results are likely to differ, potentially materially. In analyzing the income sensitivity analysis, you should review the Forward-Looking Statements disclaimer at the beginning of this presentation in its entirety. Interest Rate Scenario FSG % Change from Actual Actual 0.0 % UP 100 bps 5.8 % UP 200 11.7 % UP 300 17.3 % ACB % Change from Actual Actual 0.0 % UP 100 bps 7.8 % UP 200 17.0 % UP 300 27.4 % Combined % Change from Actual Actual 0.0 % UP 100 bps 6.8 % UP 200 14.4 % UP 300 22.5 % Asset Sensitivity FSG Total Loans $757.8 Fixed 61% Variable 15% Adjustable 24% 100% ACB Total Loans $1,085.3 Fixed 11% Variable 89% Adjustable 0% 100% Total Loans $1,843.1 Fixed 32% Variable 58% Adjustable 10% 100% Combined Proprietary & Confidential 22 |