PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

1st State Bank

Burlington, NC · Cert 27789

FDIC

Q4 2005

$370.4MAssets
$237.7MLoans
$271.5MDeposits
$62.0MEquity
Loan mix
54%RE $83.5M45%C&I $70.3M1%Consumer $1.1MQ4 2004Q4 2005
Deposit mix
91%Interest-bearing $247.2M9%Noninterest $24.3MQ4 2004Q4 2005

NIM

4.63%Q4 ’034.46%Q4 ’045.29%Q4 ’05+0%+10%

Non-interest income vs. expense

2.37%Q4 ’032.15%Q4 ’042.19%Q4 ’05+2%+9%

Executive Summary

  • Earnings: ROA of 0.99%, up 1 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.23%.
  • Funding: loans stand at 87.54% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

0.99%+1 bps YoY

Net Interest Margin (YTD, annualized)

3.43%+30 bps YoY

Efficiency Ratio (YTD, annualized)

55.38%-185 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets0.98%1.01%0.91%0.93%0.99%+1 bps
Return on Equity6.05%6.17%5.54%5.62%5.95%-10 bps
Net Interest Margin3.13%3.25%3.31%3.36%3.43%+30 bps
Efficiency Ratio57.23%56.38%55.45%56.10%55.38%-185 bps
Non-Interest Burden1.52%1.61%1.60%1.65%1.67%+14 bps
Growth
Asset Growth (YoY)2.94%2.59%-1.76%-2.55%0.05%-289 bps
Loan Growth (YoY)2.87%1.87%1.92%0.09%-0.24%-311 bps
Deposit Growth (YoY)4.86%5.43%3.70%3.27%0.14%-472 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.16%0.58%0.29%0.23%0.23%+6 bps
Allowance / Loans1.67%1.54%1.75%1.81%1.79%+12 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 Capital23.57%22.94%23.26%23.97%23.67%+11 bps
Equity / Assets16.63%16.18%16.64%16.98%16.73%+9 bps
Liquidity & Funding
Loans / Deposits87.87%84.92%86.71%86.39%87.54%-33 bps
Liquid Assets / Assets6.15%7.03%6.88%7.15%6.75%+60 bps
CRE / Total Capitaln/an/an/an/an/an/an/a