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Summit National Bank

Greenville, SC · Cert 33003

FDIC

Q2 2005

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: Q2 2005, the quarter ended June 30, 2005, 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

Summit National Bank

Greenville, SC · Cert 33003

FDIC

Q2 2005

$351.7MAssets
$255.5MLoans
$276.1MDeposits
$29.7MEquity
Loan mix
65%RE $64.7M35%C&I $34.9M0%Consumer $0.4MQ2 2004Q2 2005
Deposit mix
85%Interest-bearing $233.4M15%Noninterest $42.7MQ2 2004Q2 2005

NIM

4.93%Q2 ’034.73%Q2 ’045.47%Q2 ’05+3%+14%

Non-interest income vs. expense

2.31%Q2 ’032.18%Q2 ’045.33%Q2 ’05-1%+209%

Executive Summary

  • Earnings: ROA of -0.75%, down 194 bps year over year; NIM at 3.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 92.51% of deposits as of Q2 2005.

Financial Results

Return on Assets (YTD, annualized)

-0.75%-194 bps YoY

Net Interest Margin (YTD, annualized)

3.78%+46 bps YoY

Efficiency Ratio (YTD, annualized)

126.16%+7,051 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets1.19%1.24%1.29%1.34%-0.75%-194 bps
Return on Equity14.19%14.38%14.56%13.90%-8.10%-2,228 bps
Net Interest Margin3.32%3.47%3.56%3.80%3.78%+46 bps
Efficiency Ratio55.65%54.68%53.11%52.03%126.16%+7,051 bps
Non-Interest Burden1.58%1.63%1.61%1.76%4.88%+330 bps
Growth
Asset Growth (YoY)3.57%-0.70%-6.80%-1.94%5.95%+238 bps
Loan Growth (YoY)2.97%2.33%4.54%3.22%12.95%+997 bps
Deposit Growth (YoY)2.21%-4.07%-9.24%-0.24%10.04%+783 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.10%-0.06%-0.04%-0.02%0.03%+13 bps
Allowance / Loans1.48%1.46%1.43%1.43%1.41%-7 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 Capital13.00%13.42%13.05%13.03%11.79%-121 bps
Equity / Assets8.52%9.51%9.77%9.58%8.46%-7 bps
Liquidity & Funding
Loans / Deposits90.13%94.03%101.97%97.90%92.51%+238 bps
Liquid Assets / Assets1.46%1.13%0.05%0.77%1.21%-25 bps
CRE / Total Capitaln/an/an/an/an/an/an/a