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Community First Bank

Walhalla, SC · Cert 32838

FDIC · 12 branches

Q2 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating regionally3

Basis

Quarter: Q2 2024, the quarter ended June 30, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating regionally (n=104 to 105). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

37

Q2 2024Q2 2024peer median (50)

Asset Quality

69

Q2 2024Q2 2024peer median (50)

Profitability

35

Q2 2024Q2 2024peer median (50)

Liquidity

80

Q2 2024Q2 2024peer median

Efficiency

25

Q2 2024Q2 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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

Community First Bank

Walhalla, SC · Cert 32838

FDIC · 12 branches

Q2 2024

$679.8MAssets
$505.2MLoans
$574.7MDeposits
$62.9MEquity
Loan mix
61%RE $271.8M3%C&I $13.3M36%Consumer $158.7MQ2 2023Q2 2024
Deposit mix
75%Interest-bearing $432.1M25%Noninterest $142.5MQ2 2023Q2 2024

NIM

3.45%Q2 ’224.42%Q2 ’234.88%Q2 ’24+8%-14%

Non-interest income vs. expense

4.20%Q2 ’222.96%Q2 ’232.82%Q2 ’24+55%-5%

Market Position · Greenville-Anderson-Greer, SC · 2024 SOD (annual) · 0.7% share · #23 of 40 inst. · $0.2B of $25.8B

19.2% Oconee
4.2% Anderson
3.5% Carter
0.4% Gaston

Executive Summary

  • Earnings: ROA of 0.67%, down 9 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 0.09% of loans (+3 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.59%, up 45 bps from a year ago.
  • Funding: loans stand at 87.92% of deposits as of Q2 2024.

Financial Results

Return on Assets (YTD, annualized)

0.67%-9 bps YoY

Net Interest Margin (YTD, annualized)

2.93%-49 bps YoY

Efficiency Ratio (YTD, annualized)

80.04%+685 bps YoY

Tier 1 Leverage Ratio

10.59%+45 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets0.77%0.72%0.69%0.60%0.67%-9 bps
Return on Equity9.06%8.58%8.14%6.62%7.39%-167 bps
Net Interest Margin3.42%3.25%3.22%2.90%2.93%-49 bps
Efficiency Ratio73.19%74.13%75.40%83.86%80.04%+685 bps
Non-Interest Burden2.35%2.28%2.31%2.37%2.24%-11 bps
Growth
Asset Growth (YoY)3.57%6.25%3.56%1.55%-2.24%-582 bps
Loan Growth (YoY)9.69%9.16%5.43%1.52%-1.63%-1,133 bps
Deposit Growth (YoY)0.05%2.58%1.79%-0.43%-3.38%-342 bps
Asset Quality
Nonperforming Loans / Loans0.06%0.09%0.10%0.09%0.09%+3 bps
Net Charge-Offs / Loans-0.02%0.02%0.01%0.00%0.00%+2 bps
Allowance / Loans1.19%1.18%1.19%1.20%1.13%-6 bps
Allowance Coverage of NPLs19.4x12.6x12.5x13.4x12.0x-7.4x
Capital
Tier 1 Leverage Ratio10.13%9.90%10.08%10.35%10.59%+45 bps
Total Risk-Based Capital10.13%9.90%10.08%10.35%10.59%+45 bps
Equity / Assets8.38%8.10%9.00%9.01%9.26%+88 bps
Liquidity & Funding
Loans / Deposits86.36%86.11%88.17%87.78%87.92%+156 bps
Liquid Assets / Assets6.59%7.32%5.31%6.25%6.25%-35 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

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. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Community First Bank

Walhalla, SC · Cert 32838 · Peer group: banks under $1B in assets operating regionally (n=104-105)

FDIC · 12 branches

Q2 2024

$679.8MAssets
$505.2MLoans
$574.7MDeposits
$62.9MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 78% of banks under $1B in assets operating regionally (rank 24 of 105).
  • Widest gap: efficiency ratio trails 75% of banks under $1B in assets operating regionally (rank 80 of 105).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.67%

Rank 60 of 105

Net Interest Margin

2.93%

Rank 76 of 104

Efficiency Ratio

80.51%

Rank 80 of 105

Equity / Assets

9.26%

Rank 49 of 105

Non-interest income vs. expense

$4.0M$19.5MINCOMEEXPENSE
Unfavorable gap of $15.5M · efficiency ratio beats 25% of banks under $1B in assets operating regionally
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.67%0.48%0.77%1.09%Beats 43%60 / 105
Return on Equity7.28%5.36%8.82%11.64%Beats 34%69 / 105
Net Interest Margin2.93%2.92%3.37%3.78%Beats 27%76 / 104
Efficiency Ratio80.51%62.51%70.97%80.37%Beats 25%80 / 105
Asset Quality
Nonperforming Loans / Loans0.09%0.11%0.35%0.90%Beats 78%24 / 105
Net Charge-Offs / Loans0.01%0.00%0.01%0.04%Beats 59%44 / 105
Capital
Tier 1 Capital Ratio10.59%10.07%11.65%13.82%Beats 30%73 / 105
Total Risk-Based Capital Ratio10.59%10.29%12.23%14.84%Beats 28%76 / 105
Equity / Assets9.26%7.81%9.13%10.85%Beats 53%49 / 105
Liquidity & Funding
Loans / Deposits87.92%76.72%84.74%93.36%62nd pctl40 / 105
Loans / Assets74.31%66.82%71.77%79.22%57th pctl45 / 105
Brokered Deposits / Depositsn/aNot reported for this institution