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Capitalbank

Greenwood, SC · Cert 27426

FDIC

Q3 2011

$629.0MAssets
$434.7MLoans
$467.4MDeposits
$59.8MEquity
Loan mix
92%RE $366.5M7%C&I $27.7M1%Consumer $4.9MQ3 2010Q3 2011
Deposit mix
78%Interest-bearing $366.7M22%Noninterest $100.7MQ3 2010Q3 2011

NIM

4.78%Q3 ’094.33%Q3 ’104.16%Q3 ’11-6%+8%

Non-interest income vs. expense

3.81%Q3 ’092.66%Q3 ’103.08%Q3 ’11-51%+28%

Executive Summary

  • Earnings: ROA of 0.45%, up 11 bps year over year; NIM at 3.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.82%.
  • Funding: loans stand at 93.02% of deposits as of Q3 2011.

Financial Results

Return on Assets (YTD, annualized)

0.45%+11 bps YoY

Net Interest Margin (YTD, annualized)

3.08%+24 bps YoY

Efficiency Ratio (YTD, annualized)

73.62%+660 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets0.34%1-0.68%0.71%0.32%0.45%+11 bps
Return on Equity3.96%-7.92%8.14%3.58%5.01%+105 bps
Net Interest Margin2.84%3.09%3.17%3.05%3.08%+24 bps
Efficiency Ratio67.02%69.67%69.28%73.52%73.62%+660 bps
Non-Interest Burden1.62%1.87%1.91%2.04%2.06%+45 bps
Growth
Asset Growth (YoY)-8.01%-12.50%-13.01%-15.87%-8.41%-40 bps
Loan Growth (YoY)-15.37%-14.65%-15.18%-14.48%-14.89%+48 bps
Deposit Growth (YoY)-10.11%-15.09%-15.81%-19.35%-10.34%-23 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.88%3.16%2.27%2.18%1.82%-6 bps
Allowance / Loans2.61%3.53%3.23%3.24%3.12%+52 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 Capital13.46%11.99%12.56%12.97%13.63%+18 bps
Equity / Assets9.24%8.62%8.94%9.18%9.51%+27 bps
Liquidity & Funding
Loans / Deposits97.99%97.88%95.79%94.66%93.02%-498 bps
Liquid Assets / Assets7.17%4.25%6.72%10.35%12.71%+554 bps
CRE / Total Capitaln/an/an/an/an/an/an/a