Carolina Federal Savings Bank

Charleston, SC · Cert 35372

FDIC

Q1 2012

$54.4MAssets

$41.4MLoans

$53.1MDeposits

$1.1MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 0.22%, up 119 bps year over year; NIM at 3.28%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
Funding: loans stand at 78.00% of deposits as of Q1 2012.

Return on Assets (YTD, annualized)

0.22%+119 bps YoY

Net Interest Margin (YTD, annualized)

3.28%

n/a

Efficiency Ratio (YTD, annualized)

87.50%

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q2 2010	Q3 2010	Q4 2010	Q1 2011	Q2 2011	Q3 2011	Q4 2011	Q1 2012	YoY Δ	Trend
Earnings
Return on Assets	-1.63%	-1.70%	-1.83%	-0.98%	-7.41%	-5.41%	-4.30%	0.22%	+119 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	3.28%	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	87.50%	n/a	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	n/a	2.81%	n/a	n/a
Growth
Asset Growth (YoY)	-0.75%	-2.24%	-4.02%	-4.18%	-6.52%	-4.16%	-4.99%	-7.24%	-306 bps
Loan Growth (YoY)	4.98%	-1.41%	-6.10%	-11.64%	-18.94%	-17.12%	-17.29%	-13.28%	-163 bps
Deposit Growth (YoY)	-8.31%	-3.44%	-6.17%	3.55%	4.32%	9.25%	9.90%	2.06%	-149 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.12%	n/a	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	2.73%	n/a	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	4.07%	n/a	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	2.06%	n/a	n/a
Liquidity & Funding
Loans / Deposits	105.23%	102.23%	99.67%	91.80%	81.76%	77.55%	75.00%	78.00%	-1,380 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.36%	+1,136 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a