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Letter portraitLegal landscapeQuarterYTD

Provident Community Bank, National Association

Union, SC · Cert 28997

FDIC

Q1 2014

$327.0MAssets
$116.6MLoans
$263.3MDeposits
$17.5MEquity
Loan mix
89%RE $84.2M9%C&I $8.4M2%Consumer $2.3MQ1 2013Q1 2014
Deposit mix
82%Interest-bearing $215.6M18%Noninterest $47.7MQ1 2013Q1 2014

NIM

3.20%Q1 ’122.71%Q1 ’133.14%Q1 ’14-8%+30%

Non-interest income vs. expense

2.63%Q1 ’122.87%Q1 ’133.16%Q1 ’14+15%+4%

Executive Summary

  • Earnings: ROA of 0.20%, up 49 bps year over year; NIM at 2.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 44.27% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

0.20%+49 bps YoY

Net Interest Margin (YTD, annualized)

2.56%+59 bps YoY

Efficiency Ratio (YTD, annualized)

92.51%-1,687 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets-0.29%-0.86%-1.04%-0.75%0.20%+49 bps
Return on Equity-4.16%-12.99%-16.90%-12.90%4.16%+832 bps
Net Interest Margin1.97%2.07%2.22%2.32%2.56%+59 bps
Efficiency Ratio109.38%122.20%114.59%108.41%92.51%-1,687 bps
Non-Interest Burden2.22%2.61%2.62%2.58%2.31%+8 bps
Growth
Asset Growth (YoY)-5.40%-7.21%-6.15%-7.74%-7.82%-242 bps
Loan Growth (YoY)-17.83%-14.23%-10.13%-8.75%-5.83%+1,200 bps
Deposit Growth (YoY)-0.98%-1.34%-4.07%-5.36%-7.51%-652 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.89%1.05%1.41%0.01%-3 bps
Allowance / Loans3.52%3.47%3.23%2.77%2.77%-75 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 Capital15.25%14.73%14.74%15.44%15.63%+38 bps
Equity / Assets6.91%5.69%4.86%4.28%5.36%-156 bps
Liquidity & Funding
Loans / Deposits43.49%44.79%44.90%44.38%44.27%+79 bps
Liquid Assets / Assets8.83%3.17%2.46%3.83%7.23%-160 bps
CRE / Total Capitaln/an/an/an/an/an/an/a