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Horry County State Bank

Loris, SC · Cert 27139

FDIC · 9 branches

Q2 2017

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: Q2 2017, the quarter ended June 30, 2017, 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

Horry County State Bank

Loris, SC · Cert 27139

FDIC · 9 branches

Q2 2017

$390.2MAssets
$232.6MLoans
$322.2MDeposits
$36.8MEquity
Loan mix
84%RE $156.7M13%C&I $23.9M3%Consumer $5.8MQ2 2016Q2 2017
Deposit mix
84%Interest-bearing $269.5M16%Noninterest $52.7MQ2 2016Q2 2017

NIM

3.27%Q2 ’153.14%Q2 ’163.42%Q2 ’17-3%+12%

Non-interest income vs. expense

3.13%Q2 ’153.69%Q2 ’162.81%Q2 ’17+139%-58%

Market Position · Myrtle Beach-Conway-North Myrtle Beach, SC-NC · 2017 SOD (annual) · 3.9% share · #10 of 25 inst. · $0.3B of $8.2B

Executive Summary

  • Earnings: ROA of 0.39%, up 436 bps year over year; NIM at 2.75%.
  • Asset quality: problem loans at 0.81% of loans (+81 bps YoY), with net charge-offs at 0.09%.
  • Capital: tier 1 leverage ratio of 9.97%, up 7 bps from a year ago.
  • Funding: loans stand at 72.21% of deposits as of Q2 2017.

Financial Results

Return on Assets (YTD, annualized)

0.39%+436 bps YoY

Net Interest Margin (YTD, annualized)

2.75%+30 bps YoY

Efficiency Ratio (YTD, annualized)

87.86%-63,074 bps YoY

Tier 1 Leverage Ratio

9.97%+7 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2016Q3 2016Q4 2016Q1 2017Q2 2017YoY ΔTrend
Earnings
Return on Assets-3.97%-3.25%-2.12%0.33%0.39%+436 bps
Return on Equity-77.02%-52.07%-31.00%3.63%4.25%+8,127 bps
Net Interest Margin2.45%2.48%2.56%2.77%2.75%+30 bps
Efficiency Ratio719%433%252%89.56%87.86%-63,074 bps
Non-Interest Burden5.63%5.24%4.67%2.44%2.36%-326 bps
Growth
Asset Growth (YoY)-7.45%0.76%4.08%5.72%1.91%+936 bps
Loan Growth (YoY)-12.26%-4.91%2.74%14.73%14.40%+2,665 bps
Deposit Growth (YoY)-15.59%-6.57%-5.06%-3.69%-0.76%+1,482 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.84%0.81%+81 bps
Net Charge-Offs / Loans5.01%3.13%2.22%0.06%0.09%-492 bps
Allowance / Loans2.21%2.24%1.74%1.62%1.57%-64 bps
Allowance Coverage of NPLsn/an/an/a1.9x1.9xn/a
Capital
Tier 1 Leverage Ratio9.90%9.38%9.95%10.08%9.97%+7 bps
Total Risk-Based Capital17.58%16.34%16.44%15.94%16.09%-149 bps
Equity / Assets9.93%9.43%9.16%9.18%9.43%-50 bps
Liquidity & Funding
Loans / Deposits62.64%64.39%68.47%70.87%72.21%+957 bps
Liquid Assets / Assets16.19%5.90%6.29%5.22%6.66%-953 bps
CRE / Total Capitaln/an/an/an/an/an/an/a