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Asheville Savings Bank, SSB

Asheville, NC · Cert 29663

FDIC · 13 branches

Q3 2017

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: Q3 2017, the quarter ended September 30, 2017, 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

Asheville Savings Bank, SSB

Asheville, NC · Cert 29663

FDIC · 13 branches

Q3 2017

$796.4MAssets
$621.4MLoans
$683.8MDeposits
$83.4MEquity
Loan mix
91%RE $414.9M6%C&I $26.7M3%Consumer $15.8MQ3 2016Q3 2017
Deposit mix
80%Interest-bearing $546.0M20%Noninterest $137.9MQ3 2016Q3 2017

NIM

3.21%Q3 ’153.46%Q3 ’163.60%Q3 ’17+9%+9%

Non-interest income vs. expense

2.90%Q3 ’152.83%Q3 ’166.14%Q3 ’17-5%+171%

Market Position · Asheville, NC · 2017 SOD (annual) · 7.8% share · #6 of 20 inst. · $0.6B of $7.6B

10.0% Buncombe
3.4% Henderson
18.6% McDowell
24.2% Madison

Executive Summary

  • Earnings: ROA of -1.28%, down 208 bps year over year; NIM at 3.25%.
  • Asset quality: problem loans at 0.06% of loans (+6 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.57%, down 77 bps from a year ago.
  • Funding: loans stand at 90.87% of deposits as of Q3 2017.

Financial Results

Return on Assets (YTD, annualized)

-1.28%-208 bps YoY

Net Interest Margin (YTD, annualized)

3.25%+26 bps YoY

Efficiency Ratio (YTD, annualized)

147.83%+7,546 bps YoY

Tier 1 Leverage Ratio

10.57%-77 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2016Q4 2016Q1 2017Q2 2017Q3 2017YoY ΔTrend
Earnings
Return on Assets0.80%0.19%10.95%0.79%-1.28%-208 bps
Return on Equity7.36%1.75%8.71%7.12%-11.72%-1,909 bps
Net Interest Margin2.99%2.99%3.07%3.17%3.25%+26 bps
Efficiency Ratio72.37%95.74%68.43%71.22%147.83%+7,546 bps
Non-Interest Burden1.93%2.83%1.80%2.00%5.23%+330 bps
Growth
Asset Growth (YoY)0.15%1.65%2.52%-0.59%0.02%-13 bps
Loan Growth (YoY)5.24%4.69%1.60%1.13%2.60%-264 bps
Deposit Growth (YoY)0.69%2.71%8.50%5.66%5.91%+522 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.09%0.09%0.06%+6 bps
Net Charge-Offs / Loans0.05%0.05%0.02%0.01%0.00%-5 bps
Allowance / Loans1.07%1.07%1.08%1.08%1.08%+1 bps
Allowance Coverage of NPLsn/an/a11.6x12.0x17.3xn/a
Capital
Tier 1 Leverage Ratio11.35%10.94%11.23%11.47%10.57%-77 bps
Total Risk-Based Capital16.15%15.75%16.15%16.34%14.79%-136 bps
Equity / Assets10.83%10.80%11.00%11.32%10.47%-36 bps
Liquidity & Funding
Loans / Deposits93.80%94.03%89.08%90.76%90.87%-293 bps
Liquid Assets / Assets4.75%4.79%6.47%5.60%4.10%-65 bps
CRE / Total Capitaln/an/an/an/an/an/an/a