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Bank of Abbeville, The

Abbeville, SC · Cert 26964

FDIC

Q4 2003

$70.4MAssets
$38.8MLoans
$52.3MDeposits
$7.5MEquity
Loan mix
79%RE $14.0M17%C&I $3.1M3%Consumer $0.5MQ4 2002Q4 2003
Deposit mix
91%Interest-bearing $47.6M9%Noninterest $4.8MQ4 2002Q4 2003

NIM

6.86%Q4 ’016.04%Q4 ’025.32%Q4 ’03+12%-7%

Non-interest income vs. expense

2.38%Q4 ’012.79%Q4 ’022.86%Q4 ’03+4%-4%

Executive Summary

  • Earnings: ROA of 1.42%, up 6 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 74.07% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

1.42%+6 bps YoY

Net Interest Margin (YTD, annualized)

3.58%-27 bps YoY

Efficiency Ratio (YTD, annualized)

61.52%+315 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets1.37%1.33%1.32%1.34%1.42%+6 bps
Return on Equity13.59%12.71%12.58%12.71%13.43%-16 bps
Net Interest Margin3.85%3.59%3.63%3.56%3.58%-27 bps
Efficiency Ratio58.37%62.78%62.17%61.79%61.52%+315 bps
Non-Interest Burden1.86%1.92%1.91%1.82%1.79%-7 bps
Growth
Asset Growth (YoY)0.55%-0.29%3.74%1.92%3.71%+317 bps
Loan Growth (YoY)5.47%4.14%2.93%0.63%1.13%-434 bps
Deposit Growth (YoY)4.91%3.34%4.74%0.80%-1.58%-650 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.19%-0.04%-0.01%0.04%0.08%-11 bps
Allowance / Loans1.01%1.04%1.01%0.97%1.10%+9 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 Capital17.14%16.79%16.76%17.38%17.43%+29 bps
Equity / Assets10.67%10.19%10.73%10.70%10.64%-3 bps
Liquidity & Funding
Loans / Deposits72.09%70.32%71.63%72.36%74.07%+199 bps
Liquid Assets / Assets12.15%11.29%11.35%10.96%11.65%-50 bps
CRE / Total Capitaln/an/an/an/an/an/an/a