PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Southern Community Bank

Orlando, FL · Cert 34828

FDIC

Q2 2004

$663.6MAssets
$506.2MLoans
$575.4MDeposits
$43.8MEquity
Loan mix
37%RE $54.2M62%C&I $89.2M1%Consumer $1.3MQ3 2002Q2 2004
Deposit mix
86%Interest-bearing $497.4M14%Noninterest $78.0MQ3 2002Q2 2004

Executive Summary

  • Earnings: ROA of 1.09%, up 11 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 87.99% of deposits as of Q2 2004.

Return on Assets (YTD, annualized)

1.09%+11 bps YoY

Net Interest Margin (YTD, annualized)

3.27%-22 bps YoY

Efficiency Ratio (YTD, annualized)

48.10%-481 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.12%Q2 ’025.64%Q2 ’035.14%Q2 ’04+7%-6%

Non-interest income vs. expense

2.45%Q2 ’022.03%Q2 ’031.68%Q2 ’04-20%-13%

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.66%0.71%0.95%0.98%1.19%1.20%1.02%1.09%+11 bps
Return on Equity10.12%10.81%13.91%14.85%17.98%18.03%15.58%16.63%+178 bps
Net Interest Margin3.39%3.37%3.63%3.49%3.32%3.23%3.40%3.27%-22 bps
Efficiency Ratio64.55%64.18%55.17%52.91%51.50%50.89%49.30%48.10%-481 bps
Non-Interest Burden2.07%2.04%1.83%1.68%1.55%1.49%1.56%1.46%-22 bps
Growth
Asset Growth (YoY)24.56%18.13%7.70%12.95%74.95%71.41%91.62%60.73%+4,777 bps
Loan Growth (YoY)19.57%9.68%6.08%11.42%81.63%76.55%82.35%66.31%+5,489 bps
Deposit Growth (YoY)25.98%18.47%6.95%-5.43%59.51%56.15%79.34%77.98%+8,342 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 / Loans0.16%0.21%0.17%0.26%0.17%0.13%0.07%0.13%-14 bps
Allowance / Loans1.45%1.27%1.27%1.26%1.21%1.20%1.21%1.21%-5 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 Capital8.92%8.60%8.63%9.26%10.01%10.41%10.13%10.77%+152 bps
Equity / Assets6.88%6.81%6.91%6.22%6.60%6.70%6.46%6.60%+37 bps
Liquidity & Funding
Loans / Deposits81.55%82.76%84.15%94.16%92.86%93.57%85.56%87.99%-618 bps
Liquid Assets / Assets4.78%2.30%0.99%0.95%0.77%0.67%0.53%0.66%-28 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a