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Clover Community Bank

Clover, SC · Cert 27055

FDIC · 2 branches

Q4 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2018, the quarter ended December 31, 2018, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Clover Community Bank

Clover, SC · Cert 27055

FDIC · 2 branches

Q4 2018

$126.5MAssets
$66.3MLoans
$111.9MDeposits
$13.3MEquity
Loan mix
84%RE $46.6M10%C&I $5.8M5%Consumer $3.0MQ4 2017Q4 2018
Deposit mix
73%Interest-bearing $81.4M27%Noninterest $30.4MQ4 2017Q4 2018

NIM

3.89%Q4 ’164.08%Q4 ’174.25%Q4 ’18+5%+4%

Non-interest income vs. expense

3.44%Q4 ’163.65%Q4 ’174.04%Q4 ’18+8%+11%

Market Position · Charlotte-Concord-Gastonia, NC-SC · 2018 SOD (annual) · 0.1% share · #27 of 40 inst. · $0.1B of $215.3B

Executive Summary

  • Earnings: ROA of 0.83%, up 3 bps year over year; NIM at 4.14%.
  • Asset quality: problem loans at 3.52% of loans (+202 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 9.99%, up 7 bps from a year ago.
  • Funding: loans stand at 59.31% of deposits as of Q4 2018.

Financial Results

Return on Assets (YTD, annualized)

0.83%+3 bps YoY

Net Interest Margin (YTD, annualized)

4.14%+17 bps YoY

Efficiency Ratio (YTD, annualized)

79.23%+405 bps YoY

Tier 1 Leverage Ratio

9.99%+7 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets0.80%0.94%1.00%1.03%0.83%+3 bps
Return on Equity7.76%9.02%9.67%10.02%8.05%+29 bps
Net Interest Margin3.96%3.93%3.82%3.82%4.14%+17 bps
Efficiency Ratio75.18%77.05%75.67%74.68%79.23%+405 bps
Non-Interest Burden2.74%2.80%2.62%2.59%3.05%+31 bps
Growth
Asset Growth (YoY)0.70%-3.26%-4.32%-2.55%-1.10%-180 bps
Loan Growth (YoY)0.55%-7.17%-10.03%-7.05%-7.88%-843 bps
Deposit Growth (YoY)1.09%-0.90%-1.94%-2.29%-1.00%-209 bps
Asset Quality
Nonperforming Loans / Loans1.50%3.35%3.46%3.41%3.52%+202 bps
Net Charge-Offs / Loans-0.05%0.01%0.06%0.04%0.03%+8 bps
Allowance / Loans1.88%1.94%1.94%1.94%2.19%+31 bps
Allowance Coverage of NPLs1.3x0.6x0.6x0.6x0.6x-0.6x
Capital
Tier 1 Leverage Ratio9.91%10.34%10.13%10.26%9.99%+7 bps
Total Risk-Based Capital16.64%16.69%16.81%17.23%17.33%+69 bps
Equity / Assets10.62%10.14%10.23%10.30%10.51%-10 bps
Liquidity & Funding
Loans / Deposits63.74%60.07%59.72%59.76%59.31%-443 bps
Liquid Assets / Assets5.93%7.86%8.86%8.16%8.95%+302 bps
CRE / Total Capitaln/an/an/an/an/an/an/a