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Carolina Bank

Greensboro, NC · Cert 34348

FDIC · 8 branches

Q4 2016

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: Q4 2016, the quarter ended December 31, 2016, 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

Carolina Bank

Greensboro, NC · Cert 34348

FDIC · 8 branches

Q4 2016

$705.9MAssets
$529.9MLoans
$601.6MDeposits
$73.7MEquity
Loan mix
86%RE $358.9M13%C&I $56.2M0%Consumer $1.5MQ4 2015Q4 2016
Deposit mix
76%Interest-bearing $457.8M24%Noninterest $143.8MQ4 2015Q4 2016

NIM

3.92%Q4 ’143.81%Q4 ’153.72%Q4 ’16-1%-2%

Non-interest income vs. expense

3.99%Q4 ’144.00%Q4 ’153.77%Q4 ’16-22%+8%

Market Position · Greensboro-High Point, NC · 2016 SOD (annual) · 4.6% share · #7 of 23 inst. · $0.5B of $11.8B

5.0% Guilford
5.1% Randolph
2.5% Alamance
0.0% Forsyth

Executive Summary

  • Earnings: ROA of 0.86%, down 1 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 10.30%, up 59 bps from a year ago.
  • Funding: loans stand at 88.08% of deposits as of Q4 2016.

Financial Results

Return on Assets (YTD, annualized)

0.86%-1 bps YoY

Net Interest Margin (YTD, annualized)

3.37%-7 bps YoY

Efficiency Ratio (YTD, annualized)

76.27%+227 bps YoY

Tier 1 Leverage Ratio

10.30%+59 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2015Q1 2016Q2 2016Q3 2016Q4 2016YoY ΔTrend
Earnings
Return on Assets0.87%0.68%0.85%0.89%0.86%-1 bps
Return on Equity9.22%6.94%8.63%8.95%8.54%-68 bps
Net Interest Margin3.44%3.32%3.38%3.35%3.37%-7 bps
Efficiency Ratio74.00%80.70%76.52%75.79%76.27%+227 bps
Non-Interest Burden2.04%2.43%2.22%2.14%2.20%+16 bps
Growth
Asset Growth (YoY)3.07%-0.78%3.37%2.94%0.74%-232 bps
Loan Growth (YoY)-1.29%-7.57%0.44%5.65%4.85%+613 bps
Deposit Growth (YoY)2.47%-3.33%1.09%0.84%-1.49%-396 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.34%-0.08%0.10%0.03%0.03%-31 bps
Allowance / Loans1.16%1.22%1.05%1.06%1.07%-9 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.71%9.74%9.94%10.10%10.30%+59 bps
Total Risk-Based Capital13.81%14.40%13.82%13.98%14.12%+31 bps
Equity / Assets9.70%9.84%10.10%10.29%10.45%+75 bps
Liquidity & Funding
Loans / Deposits82.76%81.27%88.68%90.30%88.08%+532 bps
Liquid Assets / Assets14.39%17.25%11.12%10.84%13.14%-125 bps
CRE / Total Capitaln/an/an/an/an/an/an/a