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Seneca National Bank

Seneca, SC · Cert 35079

FDIC

Q1 2012

$80.7MAssets
$40.0MLoans
$69.6MDeposits
$8.9MEquity
Loan mix
87%RE $30.3M8%C&I $2.9M5%Consumer $1.7MQ1 2011Q1 2012
Deposit mix
89%Interest-bearing $61.8M11%Noninterest $7.7MQ1 2011Q1 2012

NIM

4.68%Q1 ’104.51%Q1 ’114.25%Q1 ’12+13%+4%

Non-interest income vs. expense

2.57%Q1 ’103.15%Q1 ’112.41%Q1 ’12+22%-142%

Executive Summary

  • Earnings: ROA of 4.89%, up 446 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 57.56% of deposits as of Q1 2012.

Financial Results

Return on Assets (quarter, annualized)

4.89%+446 bps YoY

Net Interest Margin (quarter, annualized)

3.39%+14 bps YoY

Efficiency Ratio (quarter, annualized)

34.95%-4,820 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets0.42%0.70%0.72%0.94%4.89%+446 bps
Return on Equity4.58%7.39%7.20%9.23%46.35%+4,176 bps
Net Interest Margin3.24%3.34%3.55%3.48%3.39%+14 bps
Efficiency Ratio83.15%71.35%72.12%63.51%34.95%-4,820 bps
Non-Interest Burden2.61%2.23%2.46%2.12%-1.09%-370 bps
Growth
Asset Growth (YoY)-3.02%0.10%5.89%5.22%6.31%+933 bps
Loan Growth (YoY)-8.19%-10.28%-8.14%-5.85%-7.74%+45 bps
Deposit Growth (YoY)-4.48%-0.76%4.54%3.47%4.44%+892 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.92%-0.73%-0.01%-0.02%0.26%-66 bps
Allowance / Loans1.41%1.75%1.94%2.07%2.23%+83 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 Capital13.82%14.77%14.75%14.82%16.98%+316 bps
Equity / Assets9.26%9.66%10.20%10.11%10.97%+171 bps
Liquidity & Funding
Loans / Deposits65.16%61.71%59.27%60.09%57.56%-760 bps
Liquid Assets / Assets1.37%1.34%1.06%1.07%0.82%-55 bps
CRE / Total Capitaln/an/an/an/an/an/an/a