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Cornerstone National Bank

Easley, SC · Cert 35179

FDIC · 3 branches

Q3 2017

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 2017, the quarter ended September 30, 2017, 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

Cornerstone National Bank

Easley, SC · Cert 35179

FDIC · 3 branches

Q3 2017

$146.5MAssets
$61.6MLoans
$127.4MDeposits
$18.0MEquity
Loan mix
92%RE $42.9M6%C&I $3.0M2%Consumer $1.0MQ3 2016Q3 2017
Deposit mix
80%Interest-bearing $102.1M20%Noninterest $25.4MQ3 2016Q3 2017

NIM

3.62%Q3 ’153.40%Q3 ’163.12%Q3 ’17-5%-8%

Non-interest income vs. expense

3.27%Q3 ’152.96%Q3 ’163.21%Q3 ’17-24%+8%

Market Position · Greenville-Anderson-Mauldin, SC · 2017 SOD (annual) · 0.8% share · #18 of 35 inst. · $0.1B of $16.7B

5.1% Pickens
0.2% Greenville
0.6% Anderson

Executive Summary

  • Earnings: ROA of 0.14%, down 35 bps year over year; NIM at 2.87%.
  • Asset quality: problem loans at 0.06% of loans (+6 bps YoY), with net recoveries of 0.05%.
  • Capital: tier 1 leverage ratio of 11.88%, down 118 bps from a year ago.
  • Funding: loans stand at 48.33% of deposits as of Q3 2017.

Financial Results

Return on Assets (YTD, annualized)

0.14%-35 bps YoY

Net Interest Margin (YTD, annualized)

2.87%-26 bps YoY

Efficiency Ratio (YTD, annualized)

94.49%+1,247 bps YoY

Tier 1 Leverage Ratio

11.88%-118 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2016Q4 2016Q1 2017Q2 2017Q3 2017YoY ΔTrend
Earnings
Return on Assets0.49%0.51%0.44%0.53%0.14%-35 bps
Return on Equity3.73%3.85%3.38%4.14%1.11%-262 bps
Net Interest Margin3.13%3.10%2.81%2.83%2.87%-26 bps
Efficiency Ratio82.02%83.97%80.48%76.88%94.49%+1,247 bps
Non-Interest Burden2.47%2.54%2.15%2.06%2.68%+20 bps
Growth
Asset Growth (YoY)2.50%1.54%4.32%0.88%0.14%-236 bps
Loan Growth (YoY)-4.71%-5.34%-9.67%-16.30%-15.70%-1,100 bps
Deposit Growth (YoY)2.92%3.29%4.77%2.10%1.23%-169 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.04%0.00%0.06%+6 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%-0.05%-5 bps
Allowance / Loans1.68%1.42%1.52%1.56%1.71%+3 bps
Allowance Coverage of NPLsn/an/a34.3xn/a27.7xn/a
Capital
Tier 1 Leverage Ratio13.05%13.28%13.11%11.85%11.88%-118 bps
Total Risk-Based Capital22.53%22.83%24.40%23.02%24.08%+155 bps
Equity / Assets13.55%13.21%12.81%12.13%12.32%-123 bps
Liquidity & Funding
Loans / Deposits58.04%57.49%51.45%50.41%48.33%-971 bps
Liquid Assets / Assets9.93%11.10%17.30%18.24%20.80%+1,087 bps
CRE / Total Capitaln/an/an/an/an/an/an/a