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First National Bank of Spartanburg

Spartanburg, SC · Cert 35383

FDIC

Q2 2010

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: Q2 2010, the quarter ended June 30, 2010, 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

First National Bank of Spartanburg

Spartanburg, SC · Cert 35383

FDIC

Q2 2010

$619.4MAssets
$473.4MLoans
$550.9MDeposits
$11.2MEquity
Loan mix
93%RE $308.2M7%C&I $23.9M0%Consumer $0.7MQ2 2009Q2 2010
Deposit mix
93%Interest-bearing $511.2M7%Noninterest $39.7MQ2 2009Q2 2010

NIM

5.51%Q2 ’084.11%Q2 ’094.05%Q2 ’10-30%+3%

Non-interest income vs. expense

2.39%Q2 ’082.60%Q2 ’093.09%Q2 ’10+13%+35%

Executive Summary

  • Earnings: ROA of -2.57%, up 249 bps year over year; NIM at 1.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.67%.
  • Funding: loans stand at 85.93% of deposits as of Q2 2010.

Financial Results

Return on Assets (YTD, annualized)

-2.57%+249 bps YoY

Net Interest Margin (YTD, annualized)

1.85%+6 bps YoY

Efficiency Ratio (YTD, annualized)

139.67%+3,001 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets-5.06%-5.45%-5.33%-3.15%-2.57%+249 bps
Return on Equity-77.74%-93.69%-102.32%-140.33%-121.71%-4,397 bps
Net Interest Margin1.79%1.69%1.81%1.56%1.85%+6 bps
Efficiency Ratio109.65%133.38%135.13%146.58%139.67%+3,001 bps
Non-Interest Burden2.03%2.44%2.62%2.46%2.74%+71 bps
Growth
Asset Growth (YoY)-2.99%-8.13%-11.61%-18.06%-25.88%-2,290 bps
Loan Growth (YoY)-12.80%-19.87%-24.27%-26.08%-24.39%-1,159 bps
Deposit Growth (YoY)8.22%5.49%-1.15%-12.90%-24.00%-3,221 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans6.29%6.53%6.95%4.57%4.67%-162 bps
Allowance / Loans3.76%4.26%4.73%4.60%4.24%+48 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 Capital7.53%6.07%4.72%4.06%3.54%-399 bps
Equity / Assets4.78%3.63%2.45%2.03%1.82%-297 bps
Liquidity & Funding
Loans / Deposits86.38%84.07%83.53%83.13%85.93%-45 bps
Liquid Assets / Assets10.64%14.32%9.26%13.52%11.31%+67 bps
CRE / Total Capitaln/an/an/an/an/an/an/a