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Randolph Bank & Trust Company

Asheboro, NC · Cert 22746

FDIC

Q3 2013

$283.7MAssets
$161.5MLoans
$260.5MDeposits
$15.7MEquity
Loan mix
79%RE $110.8M19%C&I $26.3M3%Consumer $3.8MQ3 2012Q3 2013
Deposit mix
84%Interest-bearing $219.3M16%Noninterest $41.2MQ3 2012Q3 2013

NIM

4.48%Q3 ’113.99%Q3 ’123.49%Q3 ’13-9%-10%

Non-interest income vs. expense

4.07%Q3 ’115.18%Q3 ’126.09%Q3 ’13+19%+145%

Executive Summary

  • Earnings: ROA of -4.16%, down 406 bps year over year; NIM at 2.87%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 6.82%.
  • Funding: loans stand at 61.97% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

-4.16%-406 bps YoY

Net Interest Margin (quarter, annualized)

2.87%-31 bps YoY

Efficiency Ratio (quarter, annualized)

308%+21,366 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets-0.11%0.07%0.33%10.51%-4.16%-406 bps
Return on Equity-1.27%0.85%3.88%6.05%-58.81%-5,754 bps
Net Interest Margin3.18%3.29%3.19%3.03%2.87%-31 bps
Efficiency Ratio94.06%96.29%72.37%83.15%308%+21,366 bps
Non-Interest Burden2.85%3.17%1.65%2.26%6.98%+412 bps
Growth
Asset Growth (YoY)5.21%2.41%3.41%1.82%-7.29%-1,250 bps
Loan Growth (YoY)-9.47%-4.37%-7.12%-5.08%-8.75%+72 bps
Deposit Growth (YoY)7.75%3.45%3.62%1.66%-4.91%-1,266 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.25%0.07%1.44%1.89%6.82%+457 bps
Allowance / Loans1.98%1.94%2.25%1.73%0.14%-183 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 Capital12.61%13.05%13.49%13.54%4.66%-795 bps
Equity / Assets8.24%8.61%8.51%8.51%5.55%-269 bps
Liquidity & Funding
Loans / Deposits64.57%67.79%62.79%64.19%61.97%-261 bps
Liquid Assets / Assets7.67%1.89%7.04%1.67%1.82%-584 bps
CRE / Total Capitaln/an/an/an/an/an/an/a