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Capital Bank

Raleigh, NC · Cert 34452

FDIC

Q1 2011

$1.7BAssets
$1.1BLoans
$1.4BDeposits
$225.0MEquity
Loan mix
86%RE $739.4M14%C&I $117.9M1%Consumer $6.4MQ1 2010Q1 2011
Deposit mix
90%Interest-bearing $1.2B10%Noninterest $0.1BQ1 2010Q1 2011

NIM

4.82%Q1 ’094.65%Q1 ’102.92%Q1 ’11+14%-18%

Non-interest income vs. expense

2.79%Q1 ’092.71%Q1 ’102.89%Q1 ’11+6%+8%

Executive Summary

  • Earnings: ROA of -0.11%, up 109 bps year over year; NIM at 2.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 82.31% of deposits as of Q1 2011.

Financial Results

Return on Assets (quarter, annualized)

-0.11%+109 bps YoY

Net Interest Margin (quarter, annualized)

2.43%-54 bps YoY

Efficiency Ratio (quarter, annualized)

104.48%+2,301 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets-1.20%-2.86%-2.11%-8.23%-0.11%+109 bps
Return on Equity-12.38%-30.54%-23.60%-106.52%-1.09%+1,129 bps
Net Interest Margin2.96%3.03%3.28%3.05%2.43%-54 bps
Efficiency Ratio81.46%78.63%87.17%98.75%104.48%+2,301 bps
Non-Interest Burden2.41%2.32%2.88%3.06%2.60%+18 bps
Growth
Asset Growth (YoY)4.43%-0.01%-4.88%-8.55%-1.97%-640 bps
Loan Growth (YoY)7.75%4.61%-1.75%-9.27%-18.12%-2,588 bps
Deposit Growth (YoY)2.82%-0.87%-1.88%-2.59%-0.93%-375 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.52%3.97%1.88%6.40%0.00%-252 bps
Allowance / Loans2.12%2.64%2.72%2.86%0.01%-210 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 Capital8.81%10.55%10.40%9.50%11.97%+316 bps
Equity / Assets9.59%9.13%8.76%6.64%13.21%+362 bps
Liquidity & Funding
Loans / Deposits99.60%98.64%97.98%93.84%82.31%-1,729 bps
Liquid Assets / Assets1.98%1.43%3.21%3.36%5.86%+388 bps
CRE / Total Capitaln/an/an/an/an/an/an/a