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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

4.44%Q2 ’094.03%Q2 ’103.82%Q2 ’11-8%+2%

Non-interest income vs. expense

3.20%Q2 ’093.03%Q2 ’103.87%Q2 ’11-7%+49%

Executive Summary

  • Earnings: ROA of 0.25%, down 54 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.18%.
  • Funding: loans stand at 71.45% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

0.25%-54 bps YoY

Net Interest Margin (quarter, annualized)

3.38%+5 bps YoY

Efficiency Ratio (quarter, annualized)

84.72%+2,015 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets0.79%0.60%0.72%0.59%0.25%-54 bps
Return on Equity4.28%3.26%3.95%3.27%1.38%-291 bps
Net Interest Margin3.32%3.31%3.28%3.03%3.38%+5 bps
Efficiency Ratio64.57%68.59%70.75%72.79%84.72%+2,015 bps
Non-Interest Burden1.95%2.10%2.19%2.12%2.89%+95 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 / Loans0.13%0.39%0.25%0.09%0.18%+4 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