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Carolina Bank & Trust Company

Lamar, SC · Cert 16723 · First Carolina Bancshares Corp.

State charter, non-member · FDIC · 14 branches

Q2 2026

$844.6MAssets
$606.8MLoans
$727.4MDeposits
$110.3MEquity
Loan mix
82%RE $486.7M17%C&I $99.9M1%Consumer $8.3MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $536.3M26%Noninterest $191.1MQ2 2025Q2 2026

NIM

5.14%Q2 ’245.27%Q2 ’255.31%Q2 ’26+0%+7%

Non-interest income vs. expense

2.14%Q2 ’242.13%Q2 ’251.93%Q2 ’26-2%-10%

Market Position · Florence, SC · 2026 SOD (annual) · 10.2% share · #5 of 16 inst. · $0.5B of $4.5B

28.3% Darlington
6.0% Florence
25.7% Chesterfield
26.6% Marlboro

Executive Summary

  • Earnings: ROA of 1.85%, up 35 bps year over year; NIM at 4.04%.
  • Asset quality: problem loans at 0.41% of loans (+3 bps YoY), with net charge-offs at 0.19%.
  • Capital: tier 1 leverage ratio of 13.51%, up 26 bps from a year ago.
  • Funding: loans stand at 83.42% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.85%+35 bps YoY

Net Interest Margin (YTD, annualized)

4.04%+25 bps YoY

Efficiency Ratio (YTD, annualized)

43.22%-701 bps YoY

Tier 1 Leverage Ratio

13.51%+26 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.49%1.53%1.51%1.68%1.85%+35 bps
Return on Equity11.90%12.21%12.19%13.45%14.57%+267 bps
Net Interest Margin3.78%3.67%3.64%3.86%4.04%+25 bps
Efficiency Ratio50.23%50.11%48.74%44.86%43.22%-701 bps
Non-Interest Burden1.68%1.62%1.56%1.51%1.51%-17 bps
Growth
Asset Growth (YoY)10.98%11.99%12.96%8.90%4.84%-614 bps
Loan Growth (YoY)0.79%-1.91%0.94%1.46%3.40%+261 bps
Deposit Growth (YoY)11.47%13.49%13.46%8.81%4.10%-737 bps
Asset Quality
Nonperforming Loans / Loans0.38%0.34%0.35%0.46%0.41%+3 bps
Net Charge-Offs / Loans0.10%0.14%0.33%0.23%0.19%+10 bps
Allowance / Loans1.42%1.43%1.39%1.36%1.35%-7 bps
Allowance Coverage of NPLs3.7x4.2x3.9x3.0x3.3x-0.4x
Capital
Tier 1 Leverage Ratio13.26%12.82%12.58%12.95%13.51%+26 bps
Total Risk-Based Capital20.45%21.01%21.17%21.48%21.40%+95 bps
Equity / Assets12.46%12.42%11.90%13.10%13.06%+60 bps
Liquidity & Funding
Loans / Deposits83.98%80.81%75.99%83.51%83.42%-56 bps
Liquid Assets / Assets9.96%12.01%12.47%9.50%8.90%-105 bps
CRE / Total Capitaln/a276%272%270%n/an/a