PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Sumter National Bank

Sumter, SC · Cert 34183

FDIC

Q3 2006

$132.8MAssets
$100.8MLoans
$115.1MDeposits
$10.6MEquity
Loan mix
48%RE $28.4M51%C&I $30.2M1%Consumer $0.4MQ3 2005Q3 2006
Deposit mix
86%Interest-bearing $98.9M14%Noninterest $16.2MQ3 2005Q3 2006

NIM

5.44%Q3 ’045.99%Q3 ’056.57%Q3 ’06+4%-6%

Non-interest income vs. expense

1.96%Q3 ’042.07%Q3 ’052.48%Q3 ’06+9%+29%

Executive Summary

  • Earnings: ROA of 0.58%, up 33 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.88%.
  • Funding: loans stand at 87.56% of deposits as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

0.58%+33 bps YoY

Net Interest Margin (YTD, annualized)

3.66%-25 bps YoY

Efficiency Ratio (YTD, annualized)

54.84%+1,095 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.24%-2.16%0.58%0.56%0.58%+33 bps
Return on Equity3.09%-27.80%8.01%7.57%7.63%+454 bps
Net Interest Margin3.91%3.92%3.59%3.55%3.66%-25 bps
Efficiency Ratio43.88%43.65%54.77%55.44%54.84%+1,095 bps
Non-Interest Burden1.26%1.27%1.55%1.58%1.62%+36 bps
Growth
Asset Growth (YoY)6.02%3.86%1.93%-1.45%-6.40%-1,241 bps
Loan Growth (YoY)-0.42%1.59%-6.28%-13.47%-17.77%-1,735 bps
Deposit Growth (YoY)12.74%7.61%2.88%1.55%-5.09%-1,782 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.00%1.43%4.06%4.21%4.88%+389 bps
Allowance / Loans2.22%6.38%6.05%5.85%5.13%+291 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 Capital10.74%10.43%11.15%12.00%12.72%+199 bps
Equity / Assets7.60%7.14%7.44%7.66%8.01%+41 bps
Liquidity & Funding
Loans / Deposits101.07%100.28%97.67%89.81%87.56%-1,351 bps
Liquid Assets / Assets0.41%0.30%0.22%0.58%0.56%+14 bps
CRE / Total Capitaln/an/an/an/an/an/an/a