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Piedmont Bank

Statesville, NC · Cert 34437

FDIC

Q2 2002

$244.6MAssets
$171.5MLoans
$209.2MDeposits
$16.4MEquity
Loan mix
52%RE $42.5M48%C&I $38.9M0%Consumer $0.2MQ2 2001Q2 2002
Deposit mix
87%Interest-bearing $182.2M13%Noninterest $27.0MQ2 2001Q2 2002

NIM

7.97%Q1 ’017.40%Q2 ’015.69%Q2 ’02-8%+0%

Non-interest income vs. expense

3.34%Q1 ’013.04%Q2 ’012.72%Q2 ’02-16%-10%

Executive Summary

  • Earnings: ROA of 0.65%, up 21 bps year over year; NIM at 3.16%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 81.96% of deposits as of Q2 2002.

Financial Results

Return on Assets (quarter, annualized)

0.65%+21 bps YoY

Net Interest Margin (quarter, annualized)

3.16%0 bps YoY

Efficiency Ratio (quarter, annualized)

67.64%-616 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets0.44%0.37%0.37%0.38%0.65%+21 bps
Return on Equity5.77%5.42%5.76%6.05%10.00%+423 bps
Net Interest Margin3.16%2.80%2.52%2.64%3.16%0 bps
Efficiency Ratio73.81%69.17%77.14%79.63%67.64%-616 bps
Non-Interest Burden2.08%1.73%1.71%1.94%1.87%-22 bps
Growth
Asset Growth (YoY)68.60%65.32%55.93%42.12%22.23%-4,637 bps
Loan Growth (YoY)65.99%59.75%42.13%28.53%22.58%-4,341 bps
Deposit Growth (YoY)74.81%77.86%79.70%50.67%18.40%-5,641 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.71%0.24%0.48%0.00%0.12%-59 bps
Allowance / Loans1.20%1.27%1.26%1.27%1.33%+14 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 Capital9.96%9.26%8.98%9.07%9.26%-70 bps
Equity / Assets7.12%6.72%6.15%6.29%6.72%-40 bps
Liquidity & Funding
Loans / Deposits79.17%76.83%74.40%77.64%81.96%+279 bps
Liquid Assets / Assets1.32%1.11%0.87%0.33%0.31%-100 bps
CRE / Total Capitaln/an/an/an/an/an/an/a