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Beach First National Bank

Myrtle Beach, SC · Cert 34242

FDIC

Q1 2010

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 2010, the quarter ended March 31, 2010, 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

Beach First National Bank

Myrtle Beach, SC · Cert 34242

FDIC

Q1 2010

$590.0MAssets
$475.8MLoans
$521.1MDeposits
$8.1MEquity
Loan mix
88%RE $325.0M11%C&I $41.3M1%Consumer $2.5MQ1 2009Q1 2010
Deposit mix
93%Interest-bearing $486.8M7%Noninterest $34.4MQ1 2009Q1 2010

NIM

7.20%Q1 ’085.06%Q1 ’093.59%Q1 ’10-38%-19%

Non-interest income vs. expense

2.79%Q1 ’082.92%Q1 ’093.52%Q1 ’10-22%+104%

Executive Summary

  • Earnings: ROA of -11.68%, down 887 bps year over year; NIM at 1.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 11.12%.
  • Funding: loans stand at 91.30% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-11.68%-887 bps YoY

Net Interest Margin (YTD, annualized)

1.75%-41 bps YoY

Efficiency Ratio (YTD, annualized)

170.19%+8,699 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-2.81%-2.78%-4.62%-4.46%-11.68%-887 bps
Return on Equity-36.35%-37.83%-68.00%-70.47%-417%-38,057 bps
Net Interest Margin2.16%2.08%2.23%2.41%1.75%-41 bps
Efficiency Ratio83.21%101.27%99.20%104.80%170.19%+8,699 bps
Non-Interest Burden1.57%2.13%2.20%2.58%3.20%+163 bps
Growth
Asset Growth (YoY)14.33%4.49%-2.32%-8.47%-17.79%-3,212 bps
Loan Growth (YoY)6.88%-0.19%-5.74%-9.99%-17.40%-2,428 bps
Deposit Growth (YoY)19.79%7.02%1.98%-3.48%-13.07%-3,286 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.16%3.76%4.39%4.98%11.12%+596 bps
Allowance / Loans1.69%2.33%2.84%3.40%4.05%+237 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 Capital10.81%9.55%7.80%6.71%3.08%-773 bps
Equity / Assets7.08%6.62%4.98%4.21%1.37%-572 bps
Liquidity & Funding
Loans / Deposits96.08%96.90%95.53%97.40%91.30%-478 bps
Liquid Assets / Assets0.11%0.06%1.99%0.99%7.02%+691 bps
CRE / Total Capitaln/an/an/an/an/an/an/a