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Letter portraitLegal landscapeQuarterYTD

Exchange Bank of South Carolina, Inc., The

Kingstree, SC · Cert 15077

FDIC

Q2 2011

$126.0MAssets
$69.7MLoans
$97.5MDeposits
$23.0MEquity
Loan mix
75%RE $47.6M9%C&I $5.8M15%Consumer $9.6MQ2 2010Q2 2011
Deposit mix
70%Interest-bearing $68.1M30%Noninterest $29.4MQ2 2010Q2 2011

NIM

4.52%Q2 ’094.04%Q2 ’103.78%Q2 ’11-7%-2%

Non-interest income vs. expense

3.17%Q2 ’093.14%Q2 ’103.53%Q2 ’11-2%+25%

Executive Summary

  • Earnings: ROA of 0.42%, down 31 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 71.45% of deposits as of Q2 2011.

Financial Results

Return on Assets (YTD, annualized)

0.42%-31 bps YoY

Net Interest Margin (YTD, annualized)

3.26%-7 bps YoY

Efficiency Ratio (YTD, annualized)

78.91%+1,220 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets0.73%0.69%0.70%0.59%0.42%-31 bps
Return on Equity3.92%3.70%3.76%3.27%2.32%-161 bps
Net Interest Margin3.33%3.31%3.30%3.03%3.26%-7 bps
Efficiency Ratio66.70%67.34%68.18%72.79%78.91%+1,220 bps
Non-Interest Burden2.04%2.05%2.09%2.12%2.55%+51 bps
Growth
Asset Growth (YoY)2.05%0.87%5.60%3.67%-0.14%-219 bps
Loan Growth (YoY)0.00%-3.05%-2.78%-2.11%-3.37%-337 bps
Deposit Growth (YoY)4.95%8.52%6.95%7.27%1.08%-387 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.15%0.23%0.24%0.09%0.13%-1 bps
Allowance / Loans1.62%1.66%1.66%1.65%1.65%+3 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital32.16%33.12%33.57%34.00%34.38%+221 bps
Equity / Assets18.10%18.66%18.03%18.12%18.27%+17 bps
Liquidity & Funding
Loans / Deposits74.74%74.55%71.42%69.62%71.45%-329 bps
Liquid Assets / Assets9.65%12.26%15.42%15.42%17.45%+780 bps
CRE / Total Capitaln/an/an/an/an/an/an/a