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Lowcountry National Bank

Beaufort, SC · Cert 35309

FDIC · 7 branches

Q1 2018

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: Q1 2018, the quarter ended March 31, 2018, 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

Lowcountry National Bank

Beaufort, SC · Cert 35309

FDIC · 7 branches

Q1 2018

$541.9MAssets
$472.8MLoans
$430.1MDeposits
$75.3MEquity
Loan mix
94%RE $401.3M5%C&I $23.2M1%Consumer $4.1MQ1 2017Q1 2018
Deposit mix
82%Interest-bearing $353.8M18%Noninterest $76.3MQ1 2017Q1 2018

NIM

4.39%Q1 ’164.48%Q1 ’174.75%Q1 ’18+2%+5%

Non-interest income vs. expense

13.93%Q1 ’165.18%Q1 ’175.33%Q1 ’18-6%-19%

Market Position · Jacksonville, FL · 2017 SOD (annual) · 0.4% share · #16 of 36 inst. · $0.2B of $58.9B

21.0% Nassau
2.4% Beaufort
1.3% Marion
1.0% Sumter

Executive Summary

  • Earnings: ROA of 1.99%, up 79 bps year over year; NIM at 4.10%.
  • Asset quality: problem loans at 0.74% of loans (+4 bps YoY), with net recoveries of 0.06%.
  • Capital: tier 1 leverage ratio of 13.43%, up 128 bps from a year ago.
  • Funding: loans stand at 109.95% of deposits as of Q1 2018.

Financial Results

Return on Assets (YTD, annualized)

1.99%+79 bps YoY

Net Interest Margin (YTD, annualized)

4.10%+20 bps YoY

Efficiency Ratio (YTD, annualized)

65.89%-384 bps YoY

Tier 1 Leverage Ratio

13.43%+128 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets1.20%1.40%1.34%1.38%1.99%+79 bps
Return on Equity10.07%12.07%11.79%11.93%15.33%+525 bps
Net Interest Margin3.90%3.89%3.69%3.69%4.10%+20 bps
Efficiency Ratio69.73%67.08%68.29%67.56%65.89%-384 bps
Non-Interest Burden1.64%1.34%1.39%1.33%1.33%-32 bps
Growth
Asset Growth (YoY)18.54%3.28%6.17%7.77%-3.63%-2,217 bps
Loan Growth (YoY)18.06%1.65%1.83%6.28%-5.23%-2,329 bps
Deposit Growth (YoY)35.14%4.98%1.74%2.57%-0.56%-3,570 bps
Asset Quality
Nonperforming Loans / Loans0.70%0.78%0.71%0.66%0.74%+4 bps
Net Charge-Offs / Loans0.54%0.31%0.26%0.21%-0.06%-59 bps
Allowance / Loans1.13%0.99%0.98%1.03%1.18%+6 bps
Allowance Coverage of NPLs1.6x1.3x1.4x1.6x1.6x0.0x
Capital
Tier 1 Leverage Ratio12.15%12.25%11.81%12.05%13.43%+128 bps
Total Risk-Based Capital23.10%21.46%22.76%25.29%29.51%+641 bps
Equity / Assets12.01%10.93%10.97%12.12%13.90%+190 bps
Liquidity & Funding
Loans / Deposits115.36%128.29%129.22%124.13%109.95%-542 bps
Liquid Assets / Assets0.53%0.57%0.81%0.39%0.45%-9 bps
CRE / Total Capitaln/an/an/an/an/an/an/a