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American Community Bank

Monroe, NC · Cert 34868

FDIC

Q1 2009

$538.7MAssets
$432.7MLoans
$441.0MDeposits
$52.6MEquity
Loan mix
84%RE $317.7M16%C&I $60.1M0%Consumer $0.4MQ1 2008Q1 2009
Deposit mix
89%Interest-bearing $390.4M11%Noninterest $50.7MQ1 2008Q1 2009

NIM

7.15%Q1 ’076.38%Q1 ’084.71%Q1 ’09-15%-32%

Non-interest income vs. expense

2.71%Q1 ’072.59%Q1 ’083.06%Q1 ’09-12%+43%

Executive Summary

  • Earnings: ROA of -1.25%, down 208 bps year over year; NIM at 2.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.30%.
  • Funding: loans stand at 98.10% of deposits as of Q1 2009.

Financial Results

Return on Assets (YTD, annualized)

-1.25%-208 bps YoY

Net Interest Margin (YTD, annualized)

2.34%-108 bps YoY

Efficiency Ratio (YTD, annualized)

108.30%+4,706 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.82%0.61%-0.40%-0.46%-1.25%-208 bps
Return on Equity7.90%5.90%-3.97%-4.60%-12.64%-2,055 bps
Net Interest Margin3.42%3.18%3.13%2.94%2.34%-108 bps
Efficiency Ratio61.24%67.49%75.12%77.37%108.30%+4,706 bps
Non-Interest Burden1.82%1.98%2.23%2.17%2.59%+78 bps
Growth
Asset Growth (YoY)7.10%4.64%9.06%5.58%3.01%-408 bps
Loan Growth (YoY)7.92%8.25%12.81%8.79%6.84%-108 bps
Deposit Growth (YoY)2.85%1.08%8.56%6.09%5.19%+234 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.03%0.19%0.38%0.30%+23 bps
Allowance / Loans1.51%1.55%1.74%2.13%2.56%+106 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 Capital11.23%11.16%10.55%10.95%10.52%-71 bps
Equity / Assets10.36%10.18%9.43%10.09%9.76%-60 bps
Liquidity & Funding
Loans / Deposits96.58%97.58%96.40%98.54%98.10%+152 bps
Liquid Assets / Assets0.47%0.48%0.47%0.50%0.55%+8 bps
CRE / Total Capitaln/an/an/an/an/an/an/a