PackageTrendsPeer
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 $9.0MQ2 2011Q1 2013
Deposit mix
81%Interest-bearing $596.0M19%Noninterest $136.0MQ2 2011Q1 2013

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.

Return on Assets (quarter, annualized)

-0.71%-88 bps YoY

Net Interest Margin (quarter, annualized)

2.96%+10 bps YoY

Efficiency Ratio (quarter, annualized)

118.33%+2,221 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

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%

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.49%10.23%1-0.70%0.16%0.25%0.70%10.17%1-0.71%-88 bps
Return on Equity5.67%2.55%-7.88%1.87%2.86%7.85%1.80%-7.64%-951 bps
Net Interest Margin3.03%2.85%2.85%2.87%2.91%3.03%2.94%2.96%+10 bps
Efficiency Ratio76.19%91.52%118.25%96.12%83.80%86.96%103.84%118.33%+2,221 bps
Non-Interest Burden2.14%2.57%3.45%2.73%2.33%2.53%3.07%3.61%+87 bps
Growth
Asset Growth (YoY)2.13%-0.91%0.15%-0.03%0.30%0.42%-2.35%-5.49%-546 bps
Loan Growth (YoY)-5.15%-9.54%-12.92%-9.61%-6.40%-0.89%2.78%0.54%+1,014 bps
Deposit Growth (YoY)0.30%-1.47%1.49%-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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.77%3.25%1.90%0.57%1.16%1.01%1.35%1.22%+65 bps
Allowance / Loans2.84%2.33%2.42%2.30%2.12%2.19%2.00%2.01%-29 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital13.46%13.85%13.85%13.65%13.35%13.62%13.60%13.48%-17 bps
Equity / Assets8.74%9.01%8.73%8.86%8.82%9.15%9.28%9.34%+48 bps
Liquidity & Funding
Loans / Deposits66.95%65.77%62.61%64.03%64.03%66.63%68.29%67.94%+391 bps
Liquid Assets / Assets0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a