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Blue Ridge Savings Bank, Inc.

Asheville, NC · Cert 32347

FDIC

Q3 2011

$161.4MAssets
$90.5MLoans
$159.6MDeposits
$1.4MEquity
Loan mix
99%RE $75.1M0%C&I $0.3M0%Consumer $0.0MQ3 2010Q3 2011
Deposit mix
99%Interest-bearing $157.6M1%Noninterest $2.0MQ3 2010Q3 2011

NIM

4.28%Q3 ’094.26%Q3 ’103.36%Q3 ’11+57%-15%

Non-interest income vs. expense

2.92%Q3 ’093.25%Q3 ’102.96%Q3 ’11+0%-14%

Executive Summary

  • Earnings: ROA of -1.10%, up 58 bps year over year; NIM at 2.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.73%.
  • Funding: loans stand at 56.69% of deposits as of Q3 2011.

Financial Results

Return on Assets (quarter, annualized)

-1.10%+58 bps YoY

Net Interest Margin (quarter, annualized)

2.19%-39 bps YoY

Efficiency Ratio (quarter, annualized)

158.71%-125 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets-1.69%-10.17%-1.45%-4.68%-1.10%+58 bps
Return on Equity-37.13%-259%-55.17%-255%-107.52%-7,039 bps
Net Interest Margin2.59%2.08%2.75%1.64%2.19%-39 bps
Efficiency Ratio159.96%702%145.89%351%158.71%-125 bps
Non-Interest Burden3.81%9.41%3.80%4.00%3.29%-52 bps
Growth
Asset Growth (YoY)-20.83%-23.96%-21.64%-16.20%-11.69%+914 bps
Loan Growth (YoY)-31.30%-27.48%-24.68%-24.67%-25.05%+625 bps
Deposit Growth (YoY)-21.63%-23.41%-21.33%-13.69%-7.87%+1,376 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans9.05%0.64%3.31%5.53%1.73%-732 bps
Allowance / Loans4.40%5.59%5.18%5.10%5.25%+86 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 Capital8.05%4.94%4.18%2.74%2.31%-574 bps
Equity / Assets4.99%2.78%2.49%1.17%0.89%-410 bps
Liquidity & Funding
Loans / Deposits69.69%69.45%67.87%63.57%56.69%-1,300 bps
Liquid Assets / Assets12.53%11.28%9.78%7.45%9.56%-297 bps
CRE / Total Capitaln/an/an/an/an/an/an/a