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High Point Bank and Trust Company

High Point, NC · Cert 12267

FDIC · 14 branches

Q3 2016

$807.9MAssets
$476.1MLoans
$663.8MDeposits
$103.5MEquity
Loan mix
79%RE $250.1M21%C&I $65.5M1%Consumer $1.9MQ4 2014Q3 2016
Deposit mix
74%Interest-bearing $488.3M26%Noninterest $175.5MQ4 2014Q3 2016

Market Position · Greensboro-High Point, NC · 2016 SOD (annual) · 5.2% share · #6 of 23 inst. · $0.6B of $11.8B

6.6% Guilford
0.1% Forsyth

Executive Summary

  • Earnings: ROA of 0.95%, up 5 bps year over year; NIM at 2.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.17%.
  • Capital: tier 1 leverage ratio of 11.88%, up 37 bps from a year ago.
  • Funding: loans stand at 71.73% of deposits as of Q3 2016.

Return on Assets (quarter, annualized)

0.95%+5 bps YoY

Net Interest Margin (quarter, annualized)

2.90%-13 bps YoY

Efficiency Ratio (quarter, annualized)

76.48%-670 bps YoY

Tier 1 Leverage Ratio

11.88%+37 bps YoY

NIM

3.55%Q3 ’143.30%Q3 ’153.11%Q3 ’16-3%-4%

Non-interest income vs. expense

3.70%Q3 ’143.74%Q3 ’153.27%Q3 ’16-2%-17%

Discrete quarter, annualized.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets0.77%0.49%0.52%0.90%0.38%0.69%0.59%0.95%+5 bps
Return on Equity6.41%4.12%4.30%7.24%3.17%5.87%4.73%7.34%+10 bps
Net Interest Margin2.94%2.90%2.99%3.04%3.02%2.89%3.01%2.90%-13 bps
Efficiency Ratio87.53%86.10%85.56%83.19%99.89%77.27%81.81%76.48%-670 bps
Non-Interest Burden2.41%2.28%2.34%2.26%2.99%1.89%2.21%1.88%-38 bps
Growth
Asset Growth (YoY)0.51%2.14%0.70%-0.40%2.49%2.72%-1.74%1.45%+185 bps
Loan Growth (YoY)-1.59%-2.84%-4.65%-0.56%-1.97%0.77%-1.24%-7.22%-666 bps
Deposit Growth (YoY)1.04%4.57%3.07%1.51%5.49%4.16%-1.90%2.56%+105 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%0.36%0.47%0.13%-0.63%0.15%0.11%-0.17%-30 bps
Allowance / Loans1.79%1.77%1.67%1.41%1.45%1.40%1.42%1.43%+1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/a10.98%11.35%11.51%11.46%11.19%11.79%11.88%+37 bps
Total Risk-Based Capital16.68%16.14%16.24%16.25%16.71%16.11%16.40%16.98%+73 bps
Equity / Assets11.81%11.92%12.42%12.54%11.68%11.84%13.16%12.81%+27 bps
Liquidity & Funding
Loans / Deposits78.13%75.36%78.14%79.29%72.60%72.91%78.67%71.73%-757 bps
Liquid Assets / Assets9.81%5.53%1.45%2.63%11.40%5.60%0.26%8.97%+634 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a