PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Florence County National Bank

Florence, SC · Cert 34687

FDIC

Q2 2003

$55.0MAssets
$40.4MLoans
$46.2MDeposits
$5.6MEquity
Loan mix
72%RE $17.3M26%C&I $6.3M2%Consumer $0.6MQ3 2001Q2 2003
Deposit mix
83%Interest-bearing $38.5M17%Noninterest $7.6MQ3 2001Q2 2003

Executive Summary

  • Earnings: ROA of 1.16%, up 21 bps year over year; NIM at 4.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.30%.
  • Funding: loans stand at 87.58% of deposits as of Q2 2003.

Return on Assets (quarter, annualized)

1.16%+21 bps YoY

Net Interest Margin (quarter, annualized)

4.12%-59 bps YoY

Efficiency Ratio (quarter, annualized)

72.86%-112 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

7.87%Q2 ’016.59%Q2 ’025.70%Q2 ’03+24%-13%

Non-interest income vs. expense

3.94%Q2 ’014.50%Q2 ’024.94%Q2 ’03+39%-27%

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets-0.11%-0.08%0.69%0.95%0.62%0.25%0.62%1.16%+21 bps
Return on Equity-1.39%-0.99%7.59%8.99%5.66%2.39%6.08%11.44%+245 bps
Net Interest Margin3.74%3.86%4.32%4.71%4.57%4.47%4.31%4.12%-59 bps
Efficiency Ratio70.81%79.20%76.94%73.98%82.16%70.63%75.34%72.86%-112 bps
Non-Interest Burden2.32%2.75%2.99%3.12%3.46%2.60%2.64%2.28%-84 bps
Growth
Asset Growth (YoY)14.30%13.07%3.59%-0.38%-6.06%5.52%8.99%11.79%+1,217 bps
Loan Growth (YoY)12.12%11.75%-3.51%-1.81%-5.11%14.97%13.98%10.00%+1,181 bps
Deposit Growth (YoY)14.13%7.38%-0.63%-5.33%-2.23%6.73%12.09%16.78%+2,211 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.26%1.89%0.22%0.00%0.18%1.24%0.62%0.30%+30 bps
Allowance / Loans1.27%1.28%1.38%1.37%1.39%1.32%1.48%1.39%+3 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital11.35%11.73%15.33%15.21%14.72%13.85%15.08%15.48%+26 bps
Equity / Assets7.88%7.96%10.35%10.69%11.08%10.14%10.16%10.10%-58 bps
Liquidity & Funding
Loans / Deposits96.80%88.67%87.72%92.97%93.95%95.51%89.20%87.58%-540 bps
Liquid Assets / Assets0.02%0.02%0.02%0.02%0.02%0.02%0.02%8.21%+819 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a