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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 0.74%, up 10 bps year over year; NIM at 2.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • 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 (YTD, annualized)

0.74%+10 bps YoY

Net Interest Margin (YTD, annualized)

2.96%-3 bps YoY

Efficiency Ratio (YTD, annualized)

78.49%-644 bps YoY

Tier 1 Leverage Ratio

11.88%+37 bps YoY

NIM

3.52%Q3 ’143.29%Q3 ’153.18%Q3 ’16-3%-1%

Non-interest income vs. expense

3.59%Q3 ’143.72%Q3 ’153.40%Q3 ’16+4%-13%

Year to date, annualized, through each quarter.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets0.62%0.49%0.51%0.64%0.57%0.69%0.65%0.74%+10 bps
Return on Equity5.18%4.12%4.22%5.22%4.71%5.87%5.30%5.99%+77 bps
Net Interest Margin3.01%2.90%2.97%2.99%2.97%2.89%3.02%2.96%-3 bps
Efficiency Ratio82.07%86.10%85.83%84.93%88.65%77.27%79.47%78.49%-644 bps
Non-Interest Burden2.24%2.28%2.34%2.31%2.46%1.89%2.09%2.01%-30 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 / Loans0.47%0.36%0.42%0.32%0.08%0.15%0.13%0.03%-29 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