PackageTrendsPeer
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Mountainbank

Hendersonville, NC · Cert 34438

FDIC

Q3 2003

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: Q3 2003, the quarter ended September 30, 2003, 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

Mountainbank

Hendersonville, NC · Cert 34438

FDIC

Q3 2003

$877.8MAssets
$734.8MLoans
$730.8MDeposits
$70.9MEquity
Loan mix
58%RE $128.3M42%C&I $92.4M0%Consumer $1.0MQ3 2002Q3 2003
Deposit mix
88%Interest-bearing $640.8M12%Noninterest $90.0MQ3 2002Q3 2003

NIM

6.92%Q3 ’016.08%Q3 ’025.68%Q3 ’03+18%+2%

Non-interest income vs. expense

1.89%Q3 ’012.21%Q3 ’022.71%Q3 ’03+4%+16%

Executive Summary

  • Earnings: ROA of 0.92%, down 22 bps year over year; NIM at 3.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.51%.
  • Funding: loans stand at 100.55% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

0.92%-22 bps YoY

Net Interest Margin (YTD, annualized)

3.69%+7 bps YoY

Efficiency Ratio (YTD, annualized)

56.54%+727 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.15%1.01%1.05%0.99%0.92%-22 bps
Return on Equity14.50%12.87%13.34%12.55%11.68%-282 bps
Net Interest Margin3.62%3.52%3.78%3.69%3.69%+7 bps
Efficiency Ratio49.27%51.28%51.57%54.64%56.54%+727 bps
Non-Interest Burden1.44%1.46%1.51%1.59%1.68%+24 bps
Growth
Asset Growth (YoY)75.21%49.50%37.89%27.58%17.46%-5,775 bps
Loan Growth (YoY)71.52%44.96%35.18%29.85%17.35%-5,416 bps
Deposit Growth (YoY)74.14%45.15%37.22%25.69%15.24%-5,890 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%0.17%1.02%0.54%0.51%+38 bps
Allowance / Loans1.58%1.57%1.50%1.59%1.65%+7 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 Capital10.04%10.01%10.03%10.05%10.14%+10 bps
Equity / Assets7.84%7.73%7.98%7.88%8.08%+24 bps
Liquidity & Funding
Loans / Deposits98.74%104.19%102.30%99.34%100.55%+181 bps
Liquid Assets / Assets1.49%1.95%0.20%0.14%0.09%-140 bps
CRE / Total Capitaln/an/an/an/an/an/an/a