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Letter portraitLegal landscapeQuarterYTD

National Bank of South Carolina, The

Sumter, SC · Cert 2111

FDIC

Q1 2010

$4.4BAssets
$3.4BLoans
$3.9BDeposits
$358.5MEquity
Loan mix
80%RE $2.3B19%C&I $0.6B0%Consumer $0.0BQ1 2009Q1 2010
Deposit mix
87%Interest-bearing $3.4B13%Noninterest $0.5BQ1 2009Q1 2010

NIM

6.19%Q1 ’084.35%Q1 ’093.90%Q1 ’10-22%0%

Non-interest income vs. expense

1.32%Q1 ’081.65%Q1 ’091.82%Q1 ’10+87%+30%

Executive Summary

  • Earnings: ROA of -9.18%, down 772 bps year over year; NIM at 2.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 9.17%.
  • Funding: loans stand at 87.95% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-9.18%-772 bps YoY

Net Interest Margin (quarter, annualized)

2.77%-1 bps YoY

Efficiency Ratio (quarter, annualized)

60.00%+911 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-1.46%-5.70%-10.17%-2.23%-9.18%-772 bps
Return on Equity-15.79%-63.31%-119.46%-25.85%-106.42%-9,063 bps
Net Interest Margin2.78%2.76%2.78%2.92%2.77%-1 bps
Efficiency Ratio50.89%58.02%79.52%60.83%60.00%+911 bps
Non-Interest Burden1.20%1.53%2.25%2.15%1.56%+36 bps
Growth
Asset Growth (YoY)2.91%-2.55%-4.31%-9.24%-11.84%-1,475 bps
Loan Growth (YoY)4.12%-6.39%-10.11%-16.03%-18.83%-2,295 bps
Deposit Growth (YoY)7.78%1.58%-6.26%-8.86%-5.11%-1,289 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.36%9.42%12.53%3.81%9.17%+581 bps
Allowance / Loans2.29%3.32%3.45%4.33%5.05%+276 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 Capital10.75%10.90%10.57%11.50%10.83%+7 bps
Equity / Assets9.22%8.79%8.24%9.03%8.20%-102 bps
Liquidity & Funding
Loans / Deposits102.81%95.28%89.79%88.36%87.95%-1,486 bps
Liquid Assets / Assets0.04%3.51%4.33%4.45%4.60%+456 bps
CRE / Total Capitaln/an/an/an/an/an/an/a