PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Scottish Bank, The

Charlotte, NC · Cert 34700

FDIC

Q3 2008

$270.1MAssets
$203.3MLoans
$194.5MDeposits
$49.2MEquity
Loan mix
91%RE $139.0M9%C&I $14.2M0%Consumer $0.3MQ4 2006Q3 2008
Deposit mix
91%Interest-bearing $176.9M9%Noninterest $17.7MQ4 2006Q3 2008

Executive Summary

  • Earnings: ROA of 0.41%, down 14 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 104.49% of deposits as of Q3 2008.

Return on Assets (YTD, annualized)

0.41%-14 bps YoY

Net Interest Margin (YTD, annualized)

2.98%-38 bps YoY

Efficiency Ratio (YTD, annualized)

71.44%-570 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.95%Q3 ’066.59%Q3 ’075.03%Q3 ’08+9%-11%

Non-interest income vs. expense

2.56%Q3 ’062.87%Q3 ’072.34%Q3 ’08+16%-17%

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.68%0.58%0.56%0.55%0.05%0.41%0.42%0.41%-14 bps
Return on Equity8.85%6.33%6.02%5.92%0.46%2.11%2.21%2.18%-374 bps
Net Interest Margin3.09%3.26%3.39%3.36%0.33%2.95%3.06%2.98%-38 bps
Efficiency Ratio70.41%77.70%76.98%77.14%71.65%77.94%74.54%71.44%-570 bps
Non-Interest Burden2.06%2.46%2.53%2.51%0.23%2.29%2.25%2.09%-42 bps
Growth
Asset Growth (YoY)14.57%10.46%-0.10%0.21%20.25%27.39%35.15%36.74%+3,653 bps
Loan Growth (YoY)15.71%11.23%3.32%4.38%11.52%18.20%28.99%33.32%+2,894 bps
Deposit Growth (YoY)19.78%10.57%-1.51%-1.83%4.49%2.79%5.46%17.06%+1,889 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 / Loans0.00%0.27%0.17%0.11%0.00%0.00%0.00%0.08%-3 bps
Allowance / Loans1.17%1.12%1.13%1.14%1.16%1.16%1.30%1.39%+25 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 Capital12.57%11.96%12.61%12.43%10.62%10.60%10.31%10.80%-164 bps
Equity / Assets9.05%9.35%9.37%9.40%19.79%18.91%18.33%18.21%+882 bps
Liquidity & Funding
Loans / Deposits86.25%87.72%93.39%91.74%92.06%100.87%114.22%104.49%+1,275 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.21%0.01%0.02%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a