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Community Firstbank of Charleston

Charleston, SC · Cert 34335

FDIC

Q2 2011

$506.6MAssets
$365.5MLoans
$376.4MDeposits
$44.0MEquity
Loan mix
90%RE $261.0M10%C&I $28.6M1%Consumer $1.6MQ2 2010Q2 2011
Deposit mix
89%Interest-bearing $336.0M11%Noninterest $40.3MQ2 2010Q2 2011

NIM

5.05%Q2 ’094.82%Q2 ’104.46%Q2 ’11+13%+0%

Non-interest income vs. expense

2.57%Q2 ’094.32%Q2 ’104.79%Q2 ’11-45%-17%

Executive Summary

  • Earnings: ROA of 0.62%, up 28 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.87%.
  • Funding: loans stand at 97.11% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

0.62%+28 bps YoY

Net Interest Margin (quarter, annualized)

3.20%+1 bps YoY

Efficiency Ratio (quarter, annualized)

69.09%-30 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets0.34%0.38%-2.09%0.98%0.62%+28 bps
Return on Equity4.84%5.33%-28.44%12.55%7.34%+250 bps
Net Interest Margin3.19%3.12%2.90%3.30%3.20%+1 bps
Efficiency Ratio69.39%60.43%80.81%69.46%69.09%-30 bps
Non-Interest Burden1.28%-0.26%1.19%1.08%1.06%-22 bps
Growth
Asset Growth (YoY)7.50%-1.12%-5.61%-9.56%-16.49%-2,399 bps
Loan Growth (YoY)9.58%2.55%3.93%-6.07%-12.85%-2,242 bps
Deposit Growth (YoY)6.40%0.39%-0.16%-0.90%-9.34%-1,574 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.84%4.25%1.13%1.13%1.87%+4 bps
Allowance / Loans1.62%1.57%1.92%2.02%1.85%+23 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 Capital13.16%13.58%13.01%14.01%14.45%+129 bps
Equity / Assets6.86%7.31%7.36%8.29%8.69%+182 bps
Liquidity & Funding
Loans / Deposits101.01%96.83%104.62%92.65%97.11%-390 bps
Liquid Assets / Assets12.99%14.19%1.55%4.38%2.04%-1,095 bps
CRE / Total Capitaln/an/an/an/an/an/an/a