PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Orangeburg National Bank

Orangeburg, SC · Cert 27116

FDIC

Q3 2008

$572.1MAssets
$446.5MLoans
$472.7MDeposits
$56.8MEquity
Loan mix
88%RE $360.6M12%C&I $50.1M0%Consumer $1.0MQ3 2007Q3 2008
Deposit mix
88%Interest-bearing $415.4M12%Noninterest $57.3MQ3 2007Q3 2008

NIM

6.38%Q3 ’066.71%Q3 ’076.15%Q3 ’08-4%+1%

Non-interest income vs. expense

2.10%Q3 ’063.55%Q3 ’073.45%Q3 ’08+61%+12%

Executive Summary

  • Earnings: ROA of 0.59%, down 35 bps year over year; NIM at 3.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.17%.
  • Funding: loans stand at 94.46% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

0.59%-35 bps YoY

Net Interest Margin (YTD, annualized)

3.82%+3 bps YoY

Efficiency Ratio (YTD, annualized)

69.39%+244 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.94%0.61%0.86%0.79%0.59%-35 bps
Return on Equity9.80%6.32%8.78%8.10%6.08%-372 bps
Net Interest Margin3.79%3.80%3.82%3.83%3.82%+3 bps
Efficiency Ratio66.94%70.08%68.20%68.45%69.39%+244 bps
Non-Interest Burden2.10%2.36%2.27%2.29%2.36%+26 bps
Growth
Asset Growth (YoY)150.95%-0.26%2.67%0.07%-3.03%-15,398 bps
Loan Growth (YoY)173.23%11.51%5.45%-1.19%-3.62%-17,685 bps
Deposit Growth (YoY)135.78%-0.63%1.00%-0.04%-0.61%-13,639 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.08%0.52%-0.04%0.13%0.17%+25 bps
Allowance / Loans1.27%1.10%1.21%1.27%1.53%+27 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 Capital12.64%12.33%12.69%13.10%13.28%+64 bps
Equity / Assets9.67%9.78%9.79%9.57%9.93%+26 bps
Liquidity & Funding
Loans / Deposits97.41%96.06%94.97%92.84%94.46%-295 bps
Liquid Assets / Assets0.34%0.45%0.39%0.35%0.34%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a