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Bank of Camden

Camden, SC · Cert 35564

FDIC

Q1 2006

$43.4MAssets
$28.1MLoans
$31.5MDeposits
$5.2MEquity
Loan mix
86%RE $11.9M13%C&I $1.8M1%Consumer $0.2MQ1 2005Q1 2006
Deposit mix
86%Interest-bearing $27.2M14%Noninterest $4.4MQ1 2005Q1 2006

NIM

5.17%Q1 ’045.49%Q1 ’056.00%Q1 ’06-2%-9%

Non-interest income vs. expense

3.63%Q1 ’043.70%Q1 ’053.17%Q1 ’06-3%-13%

Executive Summary

  • Earnings: ROA of 0.45%, up 21 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 89.18% of deposits as of Q1 2006.

Financial Results

Return on Assets (YTD, annualized)

0.45%+21 bps YoY

Net Interest Margin (YTD, annualized)

3.36%-35 bps YoY

Efficiency Ratio (YTD, annualized)

83.06%-299 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets0.24%0.28%0.32%0.33%0.45%+21 bps
Return on Equity2.02%2.32%2.70%2.82%3.92%+190 bps
Net Interest Margin3.71%3.68%3.61%3.64%3.36%-35 bps
Efficiency Ratio86.06%85.56%84.84%84.48%83.06%-299 bps
Non-Interest Burden3.11%3.05%2.96%2.97%2.71%-39 bps
Growth
Asset Growth (YoY)19.82%17.23%9.53%8.86%-1.23%-2,105 bps
Loan Growth (YoY)33.12%16.61%17.48%14.56%-4.51%-3,762 bps
Deposit Growth (YoY)19.54%10.80%4.06%6.97%8.12%-1,142 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.09%0.05%0.06%0.00%+1 bps
Allowance / Loans0.99%1.05%1.02%1.00%1.13%+15 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 Capital18.22%18.87%18.24%17.79%19.86%+165 bps
Equity / Assets11.68%11.82%11.52%11.18%12.04%+35 bps
Liquidity & Funding
Loans / Deposits100.97%99.48%100.22%100.74%89.18%-1,179 bps
Liquid Assets / Assets0.89%2.51%0.19%0.11%0.15%-73 bps
CRE / Total Capitaln/an/an/an/an/an/an/a