PackageTrendsPeer
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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 $0.4MQ2 2007Q1 2009
Deposit mix
89%Interest-bearing $390.4M11%Noninterest $50.7MQ2 2007Q1 2009

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.

Return on Assets (quarter, annualized)

-1.25%-208 bps YoY

Net Interest Margin (quarter, annualized)

2.34%-108 bps YoY

Efficiency Ratio (quarter, annualized)

108.30%+4,706 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

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%

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets1.03%1.20%0.96%0.82%0.40%-2.36%-0.65%-1.25%-208 bps
Return on Equity9.62%10.96%8.86%7.90%3.88%-24.11%-6.62%-12.64%-2,055 bps
Net Interest Margin4.01%3.95%3.83%3.42%3.03%3.06%2.61%2.34%-108 bps
Efficiency Ratio59.56%57.08%58.22%61.24%74.99%90.83%84.93%108.30%+4,706 bps
Non-Interest Burden2.20%1.96%1.96%1.82%2.19%2.75%2.14%2.59%+78 bps
Growth
Asset Growth (YoY)9.75%2.59%2.23%7.10%4.64%9.06%5.58%3.01%-408 bps
Loan Growth (YoY)6.79%1.41%6.08%7.92%8.25%12.81%8.79%6.84%-108 bps
Deposit Growth (YoY)11.51%0.14%-1.61%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.17%0.35%0.10%0.07%0.00%0.49%0.96%0.30%+23 bps
Allowance / Loans1.45%1.44%1.46%1.51%1.55%1.74%2.13%2.56%+106 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 Capital12.15%12.79%11.42%11.23%11.16%10.55%10.95%10.52%-71 bps
Equity / Assets10.59%11.26%10.43%10.36%10.18%9.43%10.09%9.76%-60 bps
Liquidity & Funding
Loans / Deposits91.12%92.77%96.09%96.58%97.58%96.40%98.54%98.10%+152 bps
Liquid Assets / Assets0.38%0.53%0.54%0.47%0.48%0.47%0.50%0.55%+8 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a