First-Citizens Bank and Trust Company of South Carolina

Columbia, SC · Cert 15504

FDIC · 177 branches

Q4 2014

$8.3BAssets

$4.7BLoans

$7.4BDeposits

$702.3MEquity

Loan mix

Deposit mix

NIM

Market Position · Columbia, SC · 2014 SOD (annual) · 10.0% share · #4 of 28 inst. · $1.6B of $16.2B

9.8% Richland

11.1% Spartanburg

5.1% Charleston

3.7% Greenville

Earnings: ROA of 6.46%, up 604 bps year over year; NIM at -4.91%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.32%.
Funding: loans stand at 63.41% of deposits as of Q4 2014.

Return on Assets (quarter, annualized)

6.46%+604 bps YoY

Net Interest Margin (quarter, annualized)

-4.91%-747 bps YoY

Efficiency Ratio (quarter, annualized)

71.06%-780 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 2013	Q1 2014	Q2 2014	Q3 2014	Q4 2014	YoY Δ	Trend
Earnings
Return on Assets	0.42%	0.79%	0.80%	-7.46%	6.46%	+604 bps
Return on Equity	3.93%	7.45%	7.44%	-74.27%	73.94%	+7,001 bps
Net Interest Margin	2.56%	2.49%	2.61%	2.59%	-4.91%	-747 bps
Efficiency Ratio	78.86%	74.02%	71.99%	80.21%	71.06%	-780 bps
Non-Interest Burden	1.72%	1.50%	1.49%	9.73%	-11.28%	-1,300 bps
Growth
Asset Growth (YoY)	1.50%	1.57%	1.77%	0.75%	0.42%	-108 bps
Loan Growth (YoY)	3.62%	4.92%	5.15%	4.23%	3.13%	-50 bps
Deposit Growth (YoY)	2.16%	1.87%	1.68%	2.43%	2.28%	+11 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.44%	0.19%	0.10%	0.09%	-0.32%	-76 bps
Allowance / Loans	1.21%	1.17%	1.09%	1.03%	0.08%	-112 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	18.34%	18.98%	19.18%	18.55%	15.20%	-313 bps
Equity / Assets	10.64%	10.60%	10.98%	9.08%	8.41%	-223 bps
Liquidity & Funding
Loans / Deposits	62.89%	61.53%	63.76%	64.56%	63.41%	+52 bps
Liquid Assets / Assets	12.96%	14.80%	12.92%	13.24%	16.38%	+342 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a