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Mutual Community Savings Bank Inc., SSB

Durham, NC · Cert 30118

FDIC

Q4 2007

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: Q4 2007, the quarter ended December 31, 2007, 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

Mutual Community Savings Bank Inc., SSB

Durham, NC · Cert 30118

FDIC

Q4 2007

$63.9MAssets
$44.0MLoans
$49.8MDeposits
$4.7MEquity
Loan mix
86%RE $20.6M12%C&I $2.9M2%Consumer $0.4MQ4 2006Q4 2007
Deposit mix
77%Interest-bearing $38.4M23%Noninterest $11.4MQ4 2006Q4 2007

NIM

5.47%Q4 ’055.80%Q4 ’067.25%Q4 ’07-16%+30%

Non-interest income vs. expense

4.26%Q4 ’054.83%Q4 ’066.02%Q4 ’07+3%+7%

Executive Summary

  • Earnings: ROA of -2.02%, down 105 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 88.37% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

-2.02%-105 bps YoY

Net Interest Margin (YTD, annualized)

3.55%+82 bps YoY

Efficiency Ratio (YTD, annualized)

114.86%-2,288 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets-0.97%1.44%-2.77%-2.17%-2.02%-105 bps
Return on Equity-12.77%20.48%-39.95%-32.54%-29.73%-1,696 bps
Net Interest Margin2.74%2.54%2.76%3.27%3.55%+82 bps
Efficiency Ratio137.73%60.77%102.74%108.78%114.86%-2,288 bps
Non-Interest Burden4.06%-0.10%2.89%3.70%4.33%+27 bps
Growth
Asset Growth (YoY)5.22%8.96%-15.04%-3.89%-28.23%-3,345 bps
Loan Growth (YoY)-3.67%0.67%-19.85%-30.64%-30.46%-2,678 bps
Deposit Growth (YoY)0.40%4.90%-15.05%-2.62%-31.14%-3,154 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.02%0.07%0.11%0.12%+12 bps
Allowance / Loans1.32%1.33%1.56%1.73%1.70%+38 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 Capital9.59%10.45%10.56%10.68%11.45%+186 bps
Equity / Assets7.04%7.06%6.65%5.89%7.33%+30 bps
Liquidity & Funding
Loans / Deposits87.51%83.02%82.82%65.23%88.37%+86 bps
Liquid Assets / Assets10.81%16.15%15.06%30.05%15.22%+441 bps
CRE / Total Capitaln/an/an/an/an/an/an/a