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Midcarolina Bank

Burlington, NC · Cert 34454

FDIC

Q2 2011

$477.8MAssets
$369.9MLoans
$419.3MDeposits
$43.1MEquity
Loan mix
82%RE $262.5M17%C&I $54.0M1%Consumer $2.2MQ2 2010Q2 2011
Deposit mix
98%Interest-bearing $411.1M2%Noninterest $8.3MQ2 2010Q2 2011

NIM

5.04%Q2 ’094.69%Q2 ’104.57%Q2 ’11+5%+11%

Non-interest income vs. expense

2.17%Q2 ’092.05%Q2 ’103.96%Q2 ’11-1%+284%

Executive Summary

  • Earnings: ROA of -2.55%, down 279 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.54%.
  • Funding: loans stand at 88.20% of deposits as of Q2 2011.

Financial Results

Return on Assets (YTD, annualized)

-2.55%-279 bps YoY

Net Interest Margin (YTD, annualized)

3.54%+36 bps YoY

Efficiency Ratio (YTD, annualized)

348%+29,106 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets0.23%0.27%0.24%0.28%-2.55%-279 bps
Return on Equity2.68%3.07%2.68%3.05%-28.11%-3,079 bps
Net Interest Margin3.18%3.21%3.28%3.39%3.54%+36 bps
Efficiency Ratio57.36%58.18%61.38%65.67%348%+29,106 bps
Non-Interest Burden1.66%1.69%1.88%2.15%6.36%+470 bps
Growth
Asset Growth (YoY)2.12%-1.04%-1.64%-5.68%-14.85%-1,696 bps
Loan Growth (YoY)-3.70%-6.76%-8.11%-10.65%-13.43%-973 bps
Deposit Growth (YoY)2.77%0.66%0.28%-4.47%-14.23%-1,700 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.05%1.13%1.12%0.76%1.54%+49 bps
Allowance / Loans2.00%2.14%2.29%2.50%2.37%+37 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 Capital12.17%12.60%13.03%13.38%11.44%-73 bps
Equity / Assets8.67%9.02%9.10%9.14%9.03%+36 bps
Liquidity & Funding
Loans / Deposits87.38%85.10%86.38%82.09%88.20%+82 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a