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Greer State Bank

Greer, SC · Cert 27413

FDIC · 4 branches

Q4 2016

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 2016, the quarter ended December 31, 2016, 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

Greer State Bank

Greer, SC · Cert 27413

FDIC · 4 branches

Q4 2016

$377.4MAssets
$212.2MLoans
$295.7MDeposits
$39.9MEquity
Loan mix
83%RE $144.4M15%C&I $25.3M3%Consumer $4.7MQ4 2015Q4 2016
Deposit mix
81%Interest-bearing $240.4M19%Noninterest $55.3MQ4 2015Q4 2016

NIM

3.62%Q4 ’143.36%Q4 ’153.37%Q4 ’16-3%+1%

Non-interest income vs. expense

2.71%Q4 ’142.67%Q4 ’152.77%Q4 ’16-10%+6%

Market Position · Greenville-Anderson-Mauldin, SC · 2016 SOD (annual) · 1.9% share · #12 of 35 inst. · $0.3B of $15.4B

Executive Summary

  • Earnings: ROA of 0.86%, down 7 bps year over year; NIM at 2.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 10.48%, down 2 bps from a year ago.
  • Funding: loans stand at 71.76% of deposits as of Q4 2016.

Financial Results

Return on Assets (YTD, annualized)

0.86%-7 bps YoY

Net Interest Margin (YTD, annualized)

2.91%+2 bps YoY

Efficiency Ratio (YTD, annualized)

73.15%+220 bps YoY

Tier 1 Leverage Ratio

10.48%-2 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2015Q1 2016Q2 2016Q3 2016Q4 2016YoY ΔTrend
Earnings
Return on Assets0.94%0.83%0.85%0.90%0.86%-7 bps
Return on Equity8.75%7.58%7.78%8.26%7.94%-81 bps
Net Interest Margin2.89%2.86%2.87%2.92%2.91%+2 bps
Efficiency Ratio70.95%71.28%74.35%72.18%73.15%+220 bps
Non-Interest Burden1.78%1.80%1.91%1.85%1.88%+10 bps
Growth
Asset Growth (YoY)6.27%5.87%3.26%2.48%0.53%-574 bps
Loan Growth (YoY)6.73%4.73%5.26%5.49%2.50%-423 bps
Deposit Growth (YoY)12.42%11.33%8.43%7.28%7.27%-515 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.06%0.01%0.03%0.01%-0.03%+3 bps
Allowance / Loans1.47%1.44%1.42%1.43%1.46%0 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.50%10.58%10.09%10.32%10.48%-2 bps
Total Risk-Based Capital15.67%16.35%15.83%15.94%16.26%+59 bps
Equity / Assets10.80%11.05%10.97%10.98%10.57%-23 bps
Liquidity & Funding
Loans / Deposits75.10%72.13%72.41%71.41%71.76%-334 bps
Liquid Assets / Assets1.01%3.28%4.07%4.13%5.05%+404 bps
CRE / Total Capitaln/an/an/an/an/an/an/a