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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

5.09%Q2 ’094.68%Q2 ’104.46%Q2 ’11-1%+11%

Non-interest income vs. expense

2.28%Q2 ’092.10%Q2 ’105.42%Q2 ’11-2%+495%

Executive Summary

  • Earnings: ROA of -5.49%, down 606 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.29%.
  • Funding: loans stand at 88.20% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

-5.49%-606 bps YoY

Net Interest Margin (quarter, annualized)

3.51%+35 bps YoY

Efficiency Ratio (quarter, annualized)

348%+28,864 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets0.57%0.34%0.13%0.28%-5.49%-606 bps
Return on Equity6.68%3.83%1.48%3.05%-60.44%-6,712 bps
Net Interest Margin3.17%3.21%3.32%3.39%3.51%+35 bps
Efficiency Ratio59.79%59.79%71.55%65.67%348%+28,864 bps
Non-Interest Burden1.76%1.74%2.32%2.15%10.46%+871 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 / Loans0.53%1.23%0.98%0.76%2.29%+177 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