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Bank of North Carolina

Thomasville, NC · Cert 33527

FDIC · 71 branches

Q1 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: Q1 2017, the quarter ended March 31, 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

Bank of North Carolina

Thomasville, NC · Cert 33527

FDIC · 71 branches

Q1 2017

$7.6BAssets
$5.6BLoans
$6.3BDeposits
$1.0BEquity
Loan mix
87%RE $3.2B12%C&I $0.5B1%Consumer $0.0BQ1 2016Q1 2017
Deposit mix
81%Interest-bearing $5.1B19%Noninterest $1.2BQ1 2016Q1 2017

NIM

4.31%Q1 ’154.02%Q1 ’163.80%Q1 ’17-7%-5%

Non-interest income vs. expense

3.00%Q1 ’152.43%Q1 ’162.53%Q1 ’17-25%-3%

Market Position · Winston-Salem, NC · 2016 SOD (annual) · 4.8% share · #3 of 21 inst. · $1.8B of $38.1B

47.5% Davidson
5.2% Charleston
0.2% Mecklenburg
8.9% Roanoke (City)

Executive Summary

  • Earnings: ROA of 0.96%, down 13 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.33% of loans (+33 bps YoY), with net recoveries of 0.05%.
  • Capital: tier 1 leverage ratio of 10.37%, up 64 bps from a year ago.
  • Funding: loans stand at 89.11% of deposits as of Q1 2017.

Financial Results

Return on Assets (YTD, annualized)

0.96%-13 bps YoY

Net Interest Margin (YTD, annualized)

3.45%-19 bps YoY

Efficiency Ratio (YTD, annualized)

60.69%+338 bps YoY

Tier 1 Leverage Ratio

10.37%+64 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets1.10%1.07%1.10%1.06%0.96%-13 bps
Return on Equity9.16%8.82%9.01%8.53%7.26%-190 bps
Net Interest Margin3.64%3.55%3.33%3.17%3.45%-19 bps
Efficiency Ratio57.31%57.16%56.08%57.86%60.69%+338 bps
Non-Interest Burden1.88%1.80%1.65%1.62%1.82%-6 bps
Growth
Asset Growth (YoY)36.63%51.46%30.87%30.53%32.81%-381 bps
Loan Growth (YoY)33.43%47.58%25.41%29.72%32.14%-130 bps
Deposit Growth (YoY)34.32%52.94%30.67%27.85%32.35%-196 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.33%+33 bps
Net Charge-Offs / Loans-0.02%-0.03%-0.04%-0.02%-0.05%-3 bps
Allowance / Loans0.76%0.70%0.72%0.68%0.70%-6 bps
Allowance Coverage of NPLsn/an/an/an/a2.1xn/an/a
Capital
Tier 1 Leverage Ratio9.72%10.51%9.75%10.45%10.37%+64 bps
Total Risk-Based Capital11.59%11.56%11.67%12.37%12.35%+76 bps
Equity / Assets12.08%12.48%12.20%13.26%13.29%+121 bps
Liquidity & Funding
Loans / Deposits89.26%90.25%87.90%89.95%89.11%-15 bps
Liquid Assets / Assets5.99%5.82%7.86%6.71%6.94%+95 bps
CRE / Total Capitaln/an/an/an/an/an/an/a