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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

5.76%Q3 ’046.40%Q3 ’056.82%Q3 ’06+2%-8%

Non-interest income vs. expense

2.04%Q3 ’042.08%Q3 ’052.42%Q3 ’06-6%+41%

Executive Summary

  • Earnings: ROA of 0.61%, up 217 bps year over year; NIM at 3.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.73%.
  • Funding: loans stand at 87.56% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

0.61%+217 bps YoY

Net Interest Margin (quarter, annualized)

3.72%-31 bps YoY

Efficiency Ratio (quarter, annualized)

53.63%+1,159 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets-1.57%-9.15%0.58%0.54%0.61%+217 bps
Return on Equity-19.83%-124.22%8.01%7.13%7.75%+2,759 bps
Net Interest Margin4.03%3.83%3.59%3.51%3.72%-31 bps
Efficiency Ratio42.04%42.90%54.77%56.14%53.63%+1,159 bps
Non-Interest Burden1.16%1.26%1.55%1.60%1.64%+47 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 / Loans1.30%2.70%4.06%4.06%5.73%+443 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