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First Trust Bank

Charlotte, NC · Cert 34864

FDIC

Q3 2012

$401.3MAssets
$195.3MLoans
$334.5MDeposits
$50.3MEquity
Loan mix
90%RE $114.0M10%C&I $12.4M0%Consumer $0.3MQ3 2011Q3 2012
Deposit mix
96%Interest-bearing $321.4M4%Noninterest $13.0MQ3 2011Q3 2012

NIM

4.65%Q3 ’104.15%Q3 ’114.03%Q3 ’12-10%+7%

Non-interest income vs. expense

1.81%Q3 ’101.76%Q3 ’112.00%Q3 ’12+11%+12%

Executive Summary

  • Earnings: ROA of 0.91%, down 31 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 58.38% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

0.91%-31 bps YoY

Net Interest Margin (quarter, annualized)

3.33%+21 bps YoY

Efficiency Ratio (quarter, annualized)

61.92%+328 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets1.22%0.73%0.76%1.08%0.91%-31 bps
Return on Equity12.72%7.12%7.07%9.58%7.49%-524 bps
Net Interest Margin3.12%3.34%3.30%3.38%3.33%+21 bps
Efficiency Ratio58.64%58.59%59.44%59.50%61.92%+328 bps
Non-Interest Burden1.88%1.95%1.95%1.99%2.10%+22 bps
Growth
Asset Growth (YoY)2.08%-0.65%-3.41%-11.21%-13.58%-1,566 bps
Loan Growth (YoY)-17.87%-14.19%-13.91%-15.56%-21.02%-316 bps
Deposit Growth (YoY)7.20%2.43%-4.91%-12.25%-16.65%-2,385 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.90%2.61%0.48%-0.30%-0.03%-193 bps
Allowance / Loans3.29%3.02%3.11%3.18%3.51%+22 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 Capital15.10%16.13%17.11%18.51%20.51%+540 bps
Equity / Assets9.89%10.53%10.86%11.79%12.53%+264 bps
Liquidity & Funding
Loans / Deposits61.62%62.70%60.90%61.04%58.38%-324 bps
Liquid Assets / Assets1.56%1.87%3.76%5.57%7.35%+579 bps
CRE / Total Capitaln/an/an/an/an/an/an/a