PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Islands Community Bank, National Association

Beaufort, SC · Cert 35437

FDIC

Q3 2006

$76.9MAssets
$62.2MLoans
$68.3MDeposits
$7.0MEquity
Loan mix
69%RE $16.8M29%C&I $7.1M2%Consumer $0.6MQ3 2005Q3 2006
Deposit mix
91%Interest-bearing $62.0M9%Noninterest $6.3MQ3 2005Q3 2006

NIM

5.01%Q3 ’046.21%Q3 ’057.18%Q3 ’06+20%+5%

Non-interest income vs. expense

3.44%Q3 ’043.03%Q3 ’053.22%Q3 ’06-15%+18%

Executive Summary

  • Earnings: ROA of 0.89%, down 7 bps year over year; NIM at 4.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 91.03% of deposits as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

0.89%-7 bps YoY

Net Interest Margin (YTD, annualized)

4.24%+22 bps YoY

Efficiency Ratio (YTD, annualized)

67.07%+388 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.96%0.94%0.78%0.92%0.89%-7 bps
Return on Equity9.79%9.81%8.51%9.78%9.51%-28 bps
Net Interest Margin4.02%3.86%4.15%4.36%4.24%+22 bps
Efficiency Ratio63.19%67.16%68.47%67.04%67.07%+388 bps
Non-Interest Burden2.25%2.36%2.62%2.72%2.66%+41 bps
Growth
Asset Growth (YoY)30.82%38.03%23.58%19.17%26.85%-397 bps
Loan Growth (YoY)36.63%30.96%25.97%24.79%22.03%-1,460 bps
Deposit Growth (YoY)35.60%45.09%25.80%20.01%29.98%-561 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.06%0.12%0.02%0.02%-3 bps
Allowance / Loans1.23%1.25%1.23%1.21%1.27%+4 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 Capital12.07%11.71%12.73%12.41%12.05%-2 bps
Equity / Assets9.30%8.73%9.68%9.83%9.07%-24 bps
Liquidity & Funding
Loans / Deposits96.96%93.01%95.96%101.28%91.03%-593 bps
Liquid Assets / Assets0.00%0.20%0.15%0.15%0.15%+15 bps
CRE / Total Capitaln/an/an/an/an/an/an/a