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First National Bank of Shelby, The

Shelby, NC · Cert 4910

FDIC

Q2 2013

$694.4MAssets
$440.7MLoans
$597.6MDeposits
$83.6MEquity
Loan mix
88%RE $334.9M10%C&I $38.1M2%Consumer $7.9MQ2 2012Q2 2013
Deposit mix
97%Interest-bearing $578.5M3%Noninterest $19.1MQ2 2012Q2 2013

NIM

4.36%Q2 ’114.25%Q2 ’123.64%Q2 ’13+3%-3%

Non-interest income vs. expense

2.33%Q2 ’112.50%Q2 ’123.00%Q2 ’13+7%+17%

Executive Summary

  • Earnings: ROA of 0.87%, up 95 bps year over year; NIM at 2.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.72%.
  • Funding: loans stand at 73.74% of deposits as of Q2 2013.

Financial Results

Return on Assets (quarter, annualized)

0.87%+95 bps YoY

Net Interest Margin (quarter, annualized)

2.94%-8 bps YoY

Efficiency Ratio (quarter, annualized)

78.75%+1,122 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets-0.08%0.44%1-2.39%-4.47%0.87%+95 bps
Return on Equity-0.67%3.76%-21.13%-38.74%7.22%+790 bps
Net Interest Margin3.01%2.74%2.55%2.55%2.94%-8 bps
Efficiency Ratio67.53%73.50%84.62%244%78.75%+1,122 bps
Non-Interest Burden1.81%1.82%2.04%7.47%2.13%+32 bps
Growth
Asset Growth (YoY)-8.41%-4.64%-4.96%-19.44%-20.06%-1,165 bps
Loan Growth (YoY)-8.41%-10.55%-8.45%-8.35%-10.99%-258 bps
Deposit Growth (YoY)-6.69%-5.73%-3.75%-7.84%-8.58%-189 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.43%4.40%1.40%-0.24%0.72%-71 bps
Allowance / Loans3.79%3.39%3.23%3.17%3.16%-62 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 Capital16.87%17.42%19.22%17.85%18.73%+186 bps
Equity / Assets11.74%11.47%11.19%11.98%12.03%+29 bps
Liquidity & Funding
Loans / Deposits75.73%73.03%73.97%76.77%73.74%-199 bps
Liquid Assets / Assets14.33%15.23%16.85%4.58%7.51%-682 bps
CRE / Total Capitaln/an/an/an/an/an/an/a