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Letter portraitLegal landscapeQuarterYTD

East Carolina Bank, The

Engelhard, NC · Cert 2017

FDIC

Q1 2013

$866.0MAssets
$497.3MLoans
$732.0MDeposits
$80.9MEquity
Loan mix
83%RE $279.4M15%C&I $50.2M3%Consumer $9.0MQ1 2012Q1 2013
Deposit mix
81%Interest-bearing $596.0M19%Noninterest $136.0MQ1 2012Q1 2013

NIM

4.14%Q1 ’113.72%Q1 ’123.55%Q1 ’13-4%+3%

Non-interest income vs. expense

2.76%Q1 ’113.28%Q1 ’124.17%Q1 ’13+28%+32%

Executive Summary

  • Earnings: ROA of -0.71%, down 88 bps year over year; NIM at 2.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.22%.
  • Funding: loans stand at 67.94% of deposits as of Q1 2013.

Financial Results

Return on Assets (YTD, annualized)

-0.71%-88 bps YoY

Net Interest Margin (YTD, annualized)

2.96%+10 bps YoY

Efficiency Ratio (YTD, annualized)

118.33%+2,221 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.16%0.21%0.38%10.32%1-0.71%-88 bps
Return on Equity1.87%2.36%4.23%3.62%-7.64%-951 bps
Net Interest Margin2.87%2.88%2.90%2.97%2.96%+10 bps
Efficiency Ratio96.12%89.79%88.78%92.35%118.33%+2,221 bps
Non-Interest Burden2.73%2.52%2.50%2.69%3.61%+87 bps
Growth
Asset Growth (YoY)-0.03%0.30%0.42%-2.35%-5.49%-546 bps
Loan Growth (YoY)-9.61%-6.40%-0.89%2.78%0.54%+1,014 bps
Deposit Growth (YoY)-1.80%-2.13%-2.16%-5.76%-5.25%-345 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.57%0.86%0.90%1.02%1.22%+65 bps
Allowance / Loans2.30%2.12%2.19%2.00%2.01%-29 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 Capital13.65%13.35%13.62%13.60%13.48%-17 bps
Equity / Assets8.86%8.82%9.15%9.28%9.34%+48 bps
Liquidity & Funding
Loans / Deposits64.03%64.03%66.63%68.29%67.94%+391 bps
Liquid Assets / Assets0.01%0.01%0.01%0.01%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a