PackageTrendsPeer
Letter portraitLegal landscape

Bank of Asheville, The

Asheville, NC · Cert 34516

FDIC

Q4 2010

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: Q4 2010, the quarter ended December 31, 2010, 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

Bank of Asheville, The

Asheville, NC · Cert 34516

FDIC

Q4 2010

$204.9MAssets
$160.6MLoans
$199.4MDeposits
$546KEquity
Loan mix
87%RE $122.2M13%C&I $18.5M0%Consumer $0.2MQ4 2009Q4 2010
Deposit mix
89%Interest-bearing $177.8M11%Noninterest $21.5MQ4 2009Q4 2010

NIM

6.17%Q4 ’085.40%Q4 ’094.78%Q4 ’10-7%-3%

Non-interest income vs. expense

3.10%Q4 ’083.02%Q4 ’094.29%Q4 ’10-3%+59%

Executive Summary

  • Earnings: ROA of -9.11%, down 909 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 8.80%.
  • Funding: loans stand at 80.53% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

-9.11%-909 bps YoY

Net Interest Margin (YTD, annualized)

3.39%-12 bps YoY

Efficiency Ratio (YTD, annualized)

103.95%+3,362 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-0.02%0.13%-12.68%-11.60%-9.11%-909 bps
Return on Equity-0.17%1.47%-181.32%-208%-199.81%-19,965 bps
Net Interest Margin3.51%3.44%3.22%3.50%3.39%-12 bps
Efficiency Ratio70.33%78.90%86.42%98.38%103.95%+3,362 bps
Non-Interest Burden2.24%2.56%2.69%3.43%3.55%+132 bps
Growth
Asset Growth (YoY)10.32%4.81%-4.16%-12.67%-8.32%-1,864 bps
Loan Growth (YoY)8.31%5.18%-5.63%-10.86%-13.43%-2,174 bps
Deposit Growth (YoY)15.46%5.59%2.47%-4.38%0.50%-1,497 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.21%0.95%16.23%11.35%8.80%+759 bps
Allowance / Loans1.89%1.91%2.46%5.11%5.32%+342 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 Capital11.16%11.69%4.63%1.63%0.81%-1,035 bps
Equity / Assets8.72%9.07%3.01%0.81%0.27%-846 bps
Liquidity & Funding
Loans / Deposits93.48%92.94%84.62%87.79%80.53%-1,296 bps
Liquid Assets / Assets0.69%2.07%4.20%5.75%14.87%+1,418 bps
CRE / Total Capitaln/an/an/an/an/an/an/a