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Lexington State Bank

Lexington, NC · Cert 16799

FDIC · 42 branches

Q4 2015

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2015, the quarter ended December 31, 2015, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Lexington State Bank

Lexington, NC · Cert 16799

FDIC · 42 branches

Q4 2015

$2.8BAssets
$2.1BLoans
$2.0BDeposits
$292.3MEquity
Loan mix
82%RE $1.3B16%C&I $0.3B1%Consumer $0.0BQ4 2014Q4 2015
Deposit mix
79%Interest-bearing $1.5B21%Noninterest $0.4BQ4 2014Q4 2015

NIM

3.55%Q4 ’133.45%Q4 ’143.58%Q4 ’15-2%+4%

Non-interest income vs. expense

3.15%Q4 ’132.89%Q4 ’142.97%Q4 ’15-1%+5%

Market Position · Greensboro-High Point, NC · 2015 SOD (annual) · 7.3% share · #5 of 24 inst. · $0.8B of $11.6B

7.5% Guilford
15.3% Davidson
0.9% Wake
9.1% Brunswick

Executive Summary

  • Earnings: ROA of 0.63%, down 4 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 9.48%.
  • Funding: loans stand at 107.54% of deposits as of Q4 2015.

Financial Results

Return on Assets (YTD, annualized)

0.63%-4 bps YoY

Net Interest Margin (YTD, annualized)

3.34%+13 bps YoY

Efficiency Ratio (YTD, annualized)

73.96%+102 bps YoY

Tier 1 Leverage Ratio

9.48%

Year to date, annualized, through each quarter.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015YoY ΔTrend
Earnings
Return on Assets0.66%0.64%0.78%0.80%0.63%-4 bps
Return on Equity6.51%6.07%7.39%7.61%5.94%-57 bps
Net Interest Margin3.21%3.46%3.36%3.35%3.34%+13 bps
Efficiency Ratio72.95%74.13%68.54%67.73%73.96%+102 bps
Non-Interest Burden2.23%2.43%2.14%2.10%2.35%+12 bps
Growth
Asset Growth (YoY)28.24%34.20%14.37%13.47%11.50%-1,674 bps
Loan Growth (YoY)27.49%35.41%16.57%18.06%15.94%-1,155 bps
Deposit Growth (YoY)17.87%24.83%7.30%9.44%6.16%-1,171 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.18%0.07%0.09%0.06%0.06%-12 bps
Allowance / Loans1.22%1.12%1.06%1.05%1.00%-22 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/a9.49%9.31%9.45%9.48%n/a
Total Risk-Based Capital11.92%11.81%11.84%12.10%11.80%-12 bps
Equity / Assets10.51%10.48%10.47%10.71%10.41%-10 bps
Liquidity & Funding
Loans / Deposits98.47%96.46%101.03%101.52%107.54%+907 bps
Liquid Assets / Assets5.87%6.15%5.64%5.55%5.05%-82 bps
CRE / Total Capitaln/an/an/an/an/an/an/a