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Little Bank, SSB, The

Kinston, NC · Cert 34934

FDIC · 15 branches

Q3 2022

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2022, the quarter ended September 30, 2022, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Little Bank, SSB, The

Kinston, NC · Cert 34934

FDIC · 15 branches

Q3 2022

$1.1BAssets
$680.9MLoans
$1.0BDeposits
$92.7MEquity
Loan mix
92%RE $450.0M7%C&I $33.7M1%Consumer $3.1MQ3 2021Q3 2022
Deposit mix
56%Interest-bearing $581.9M44%Noninterest $451.9MQ3 2021Q3 2022

NIM

3.59%Q3 ’203.37%Q3 ’213.17%Q3 ’22+0%-9%

Non-interest income vs. expense

2.23%Q3 ’202.07%Q3 ’211.98%Q3 ’22-8%-3%

Market Position · Raleigh-Cary, NC · 2022 SOD (annual) · 0.4% share · #19 of 37 inst. · $0.2B of $54.9B

5.4% Pitt
26.1% Franklin
22.3% Granville
14.6% Lenoir

Executive Summary

  • Earnings: ROA of 1.09%, down 17 bps year over year; NIM at 3.02%.
  • Asset quality: problem loans at 0.10% of loans (-22 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.37%, up 38 bps from a year ago.
  • Funding: loans stand at 65.86% of deposits as of Q3 2022.

Financial Results

Return on Assets (YTD, annualized)

1.09%-17 bps YoY

Net Interest Margin (YTD, annualized)

3.02%-29 bps YoY

Efficiency Ratio (YTD, annualized)

59.07%+188 bps YoY

Tier 1 Leverage Ratio

9.37%+38 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets1.26%1.33%1.01%1.03%1.09%-17 bps
Return on Equity12.62%13.41%10.91%11.54%12.41%-21 bps
Net Interest Margin3.31%3.16%2.96%2.97%3.02%-29 bps
Efficiency Ratio57.19%58.66%60.13%60.15%59.07%+188 bps
Non-Interest Burden1.70%1.70%1.64%1.65%1.65%-6 bps
Growth
Asset Growth (YoY)13.93%17.30%10.77%5.38%2.91%-1,102 bps
Loan Growth (YoY)2.96%-1.33%3.03%2.97%2.74%-23 bps
Deposit Growth (YoY)26.03%31.99%19.46%12.15%8.16%-1,788 bps
Asset Quality
Nonperforming Loans / Loans0.31%0.02%0.07%0.10%0.10%-22 bps
Net Charge-Offs / Loans0.00%0.01%-0.07%-0.04%0.00%-1 bps
Allowance / Loans1.45%1.16%1.15%1.13%1.13%-32 bps
Allowance Coverage of NPLs4.7x46.6x15.5x11.1x11.8x+7.1x
Capital
Tier 1 Leverage Ratio8.99%8.95%8.96%9.16%9.37%+38 bps
Total Risk-Based Capital15.54%15.98%15.73%15.61%16.17%+63 bps
Equity / Assets9.98%9.71%8.73%8.41%8.14%-184 bps
Liquidity & Funding
Loans / Deposits69.34%64.17%63.40%66.33%65.86%-347 bps
Liquid Assets / Assets8.82%14.83%16.11%13.17%14.37%+555 bps
CRE / Total Capitaln/an/an/an/an/an/an/a