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Community Savings Bank, Inc.

Burlington, NC · Cert 29062

FDIC

Q4 2001

$202.7MAssets
$136.5MLoans
$155.6MDeposits
$34.2MEquity
Loan mix
94%RE $91.2M6%C&I $5.9M0%Consumer $0.2MQ4 2000Q4 2001
Deposit mix
97%Interest-bearing $151.7M3%Noninterest $3.9MQ4 2000Q4 2001

NIM

7.50%Q1 ’017.18%Q3 ’017.19%Q4 ’01+2%+5%

Non-interest income vs. expense

2.98%Q1 ’013.00%Q3 ’013.06%Q4 ’01-16%+7%

Executive Summary

  • Earnings: ROA of 0.51%, up 13 bps year over year; NIM at 3.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.32%.
  • Funding: loans stand at 87.72% of deposits as of Q4 2001.

Financial Results

Return on Assets (YTD, annualized)

0.51%+13 bps YoY

Net Interest Margin (YTD, annualized)

3.41%

Efficiency Ratio (YTD, annualized)

74.36%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets0.38%0.23%0.25%0.42%0.51%+13 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/a3.18%3.16%3.24%3.41%n/a
Efficiency Ration/a83.63%83.95%74.10%74.36%n/a
Non-Interest Burdenn/a2.60%2.59%2.19%2.35%n/a
Growth
Asset Growth (YoY)-11.36%-10.47%-9.95%-11.43%-1.45%+991 bps
Loan Growth (YoY)10.79%4.11%-3.94%-12.23%-17.62%-2,841 bps
Deposit Growth (YoY)2.30%-0.39%-0.65%-2.70%-6.88%-918 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.08%0.04%0.39%0.32%n/a
Allowance / Loansn/a1.47%1.59%1.65%1.84%n/a
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 Capitaln/a25.82%26.61%28.23%30.28%n/a
Equity / Assetsn/a15.64%15.54%15.94%16.87%n/a
Liquidity & Funding
Loans / Deposits99.16%99.19%93.91%89.34%87.72%-1,144 bps
Liquid Assets / Assets0.00%1.20%4.15%3.57%4.73%+473 bps
CRE / Total Capitaln/an/an/an/an/an/an/a