PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First Gaston Bank of North Carolina

Gastonia, NC · Cert 34041

FDIC

Q2 2006

$726.4MAssets
$483.1MLoans
$564.8MDeposits
$136.2MEquity
Loan mix
42%RE $125.1M56%C&I $167.2M2%Consumer $6.5MQ2 2005Q2 2006
Deposit mix
91%Interest-bearing $513.6M9%Noninterest $51.2MQ2 2005Q2 2006

NIM

4.66%Q2 ’045.72%Q2 ’052.18%Q2 ’06+23%-68%

Non-interest income vs. expense

2.63%Q2 ’042.89%Q2 ’050.89%Q2 ’06+17%-66%

Executive Summary

  • Earnings: ROA of 0.60%, down 73 bps year over year; NIM at 1.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.13%.
  • Funding: loans stand at 85.54% of deposits as of Q2 2006.

Financial Results

Return on Assets (YTD, annualized)

0.60%-73 bps YoY

Net Interest Margin (YTD, annualized)

1.25%-260 bps YoY

Efficiency Ratio (YTD, annualized)

56.40%-210 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.34%0.84%0.92%0.78%0.60%-73 bps
Return on Equity15.56%9.88%10.78%7.40%4.24%-1,132 bps
Net Interest Margin3.85%3.84%3.74%3.66%1.25%-260 bps
Efficiency Ratio58.50%73.59%70.12%65.60%56.40%-210 bps
Non-Interest Burden1.81%2.53%2.30%2.19%0.62%-119 bps
Growth
Asset Growth (YoY)3.97%4.83%7.71%214%235%+23,125 bps
Loan Growth (YoY)4.75%7.90%12.18%216%197.74%+19,299 bps
Deposit Growth (YoY)4.22%8.70%11.73%230%225%+22,125 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.19%0.11%0.05%3.02%-0.13%-31 bps
Allowance / Loans1.31%1.30%1.36%1.23%1.23%-8 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 Capital11.68%11.02%11.19%11.14%8.71%-297 bps
Equity / Assets8.74%8.43%8.58%11.13%18.74%+1,001 bps
Liquidity & Funding
Loans / Deposits93.51%91.66%92.42%87.14%85.54%-797 bps
Liquid Assets / Assets1.60%0.60%0.30%3.03%3.16%+156 bps
CRE / Total Capitaln/an/an/an/an/an/an/a