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First National Bank and Trust Company

Asheboro, NC · Cert 4879

FDIC · 45 branches

Q3 2016

$2.3BAssets
$1.5BLoans
$1.9BDeposits
$344.7MEquity
Loan mix
81%RE $1.1B10%C&I $0.1B10%Consumer $0.1BQ4 2014Q3 2016
Deposit mix
79%Interest-bearing $1.5B21%Noninterest $0.4BQ4 2014Q3 2016

Market Position · Hickory-Lenoir-Morganton, NC · 2016 SOD (annual) · 13.3% share · #5 of 18 inst. · $0.6B of $4.4B

24.9% Randolph
11.1% Catawba
0.1% Mecklenburg
32.6% Caldwell

Executive Summary

  • Earnings: ROA of 0.29%, down 14 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.27%.
  • Capital: tier 1 leverage ratio of 10.30%, up 77 bps from a year ago.
  • Funding: loans stand at 80.87% of deposits as of Q3 2016.

Return on Assets (quarter, annualized)

0.29%-14 bps YoY

Net Interest Margin (quarter, annualized)

3.29%+8 bps YoY

Efficiency Ratio (quarter, annualized)

68.83%-554 bps YoY

Tier 1 Leverage Ratio

10.30%+77 bps YoY

NIM

3.67%Q3 ’143.42%Q3 ’153.51%Q3 ’160%+2%

Non-interest income vs. expense

4.01%Q3 ’142.92%Q3 ’152.54%Q3 ’16-34%-5%

Discrete quarter, annualized.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets26.87%0.51%0.50%0.43%0.39%0.79%0.73%0.29%-14 bps
Return on Equity237%3.48%3.47%3.04%2.81%5.67%5.09%2.00%-104 bps
Net Interest Margin3.33%3.30%3.24%3.22%3.15%3.20%3.32%3.29%+8 bps
Efficiency Ratio93.63%82.73%81.14%74.37%86.27%69.71%68.20%68.83%-554 bps
Non-Interest Burden3.14%2.51%2.41%2.12%2.53%1.87%1.90%2.02%-10 bps
Growth
Asset Growth (YoY)11.46%10.98%13.74%16.62%8.17%6.94%2.90%-0.16%-1,678 bps
Loan Growth (YoY)12.07%14.88%13.92%15.61%13.86%8.92%5.59%1.14%-1,447 bps
Deposit Growth (YoY)2.92%2.33%5.31%7.94%8.24%8.06%3.16%0.54%-740 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%0.06%0.06%0.19%0.26%0.11%0.27%0.27%+7 bps
Allowance / Loans1.50%1.35%1.24%1.13%0.98%0.93%0.90%0.85%-28 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/a9.69%9.67%9.53%9.30%9.62%10.00%10.30%+77 bps
Total Risk-Based Capital14.88%14.66%14.49%14.04%13.48%13.57%13.98%14.30%+26 bps
Equity / Assets14.52%14.60%14.16%14.03%13.74%14.16%14.60%14.70%+67 bps
Liquidity & Funding
Loans / Deposits75.57%77.54%77.97%80.39%79.50%78.16%79.81%80.87%+48 bps
Liquid Assets / Assets9.46%7.31%7.11%6.68%6.83%7.84%7.12%7.13%+45 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a