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Letter portraitLegal landscapeQuarterYTD

National Bank of York County

Rock Hill, SC · Cert 34204

FDIC

Q3 2008

$301.8MAssets
$253.5MLoans
$246.0MDeposits
$23.3MEquity
Loan mix
88%RE $181.5M11%C&I $23.5M0%Consumer $0.5MQ3 2007Q3 2008
Deposit mix
82%Interest-bearing $201.0M18%Noninterest $44.9MQ3 2007Q3 2008

NIM

6.74%Q3 ’067.07%Q3 ’075.79%Q3 ’08-1%-5%

Non-interest income vs. expense

3.69%Q3 ’063.36%Q3 ’072.56%Q3 ’08-19%-16%

Executive Summary

  • Earnings: ROA of 1.25%, up 6 bps year over year; NIM at 3.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.24%.
  • Funding: loans stand at 103.05% of deposits as of Q3 2008.

Financial Results

Return on Assets (quarter, annualized)

1.25%+6 bps YoY

Net Interest Margin (quarter, annualized)

3.94%-21 bps YoY

Efficiency Ratio (quarter, annualized)

53.01%-790 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets1.20%1.10%1.30%1.26%1.25%+6 bps
Return on Equity16.61%15.00%17.38%16.84%16.55%-6 bps
Net Interest Margin4.15%4.15%3.87%3.82%3.94%-21 bps
Efficiency Ratio60.91%63.28%58.47%51.34%53.01%-790 bps
Non-Interest Burden2.00%2.25%1.73%1.51%1.67%-32 bps
Growth
Asset Growth (YoY)13.19%12.15%10.65%9.01%7.36%-583 bps
Loan Growth (YoY)14.03%14.14%14.40%8.24%12.03%-200 bps
Deposit Growth (YoY)11.73%2.48%9.80%2.89%8.85%-288 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%0.11%0.02%0.04%0.24%+19 bps
Allowance / Loans1.26%1.25%1.25%1.26%1.25%-1 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 Capital10.83%10.71%10.85%10.96%11.13%+30 bps
Equity / Assets7.31%7.40%7.55%7.45%7.71%+40 bps
Liquidity & Funding
Loans / Deposits100.12%109.87%104.59%106.97%103.05%+293 bps
Liquid Assets / Assets0.89%1.15%1.60%1.34%1.34%+45 bps
CRE / Total Capitaln/an/an/an/an/an/an/a