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Parkway Bank

Lenoir, NC · Cert 57158

FDIC

Q1 2013

$109.6MAssets
$76.4MLoans
$104.7MDeposits
$1.5MEquity
Loan mix
80%RE $52.8M19%C&I $12.2M2%Consumer $1.1MQ1 2012Q1 2013
Deposit mix
89%Interest-bearing $93.3M11%Noninterest $11.4MQ1 2012Q1 2013

NIM

4.06%Q1 ’113.82%Q1 ’123.70%Q1 ’13+5%+1%

Non-interest income vs. expense

4.12%Q1 ’114.53%Q1 ’124.21%Q1 ’13+9%-11%

Executive Summary

  • Earnings: ROA of -0.36%, down 81 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.30%.
  • Funding: loans stand at 72.99% of deposits as of Q1 2013.

Financial Results

Return on Assets (YTD, annualized)

-0.36%-81 bps YoY

Net Interest Margin (YTD, annualized)

2.98%+4 bps YoY

Efficiency Ratio (YTD, annualized)

107.34%-1,127 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.45%1-0.29%-0.93%-1.20%-0.36%-81 bps
Return on Equity15.70%-10.45%-34.86%-49.12%-24.53%-4,023 bps
Net Interest Margin2.94%2.83%2.85%2.92%2.98%+4 bps
Efficiency Ratio118.60%117.62%118.56%119.68%107.34%-1,127 bps
Non-Interest Burden3.65%3.51%3.57%3.70%3.26%-39 bps
Growth
Asset Growth (YoY)-1.99%-6.29%-5.25%-4.48%-2.95%-96 bps
Loan Growth (YoY)-12.39%-15.50%-4.59%-0.67%1.57%+1,397 bps
Deposit Growth (YoY)-0.34%-5.98%-4.23%-3.08%-1.80%-145 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.72%1.85%1.95%1.94%0.30%-242 bps
Allowance / Loans2.80%2.91%2.84%2.96%2.83%+3 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 Capital5.14%4.95%4.09%3.39%3.23%-191 bps
Equity / Assets2.79%2.65%2.22%1.57%1.39%-140 bps
Liquidity & Funding
Loans / Deposits70.57%67.47%69.81%71.80%72.99%+243 bps
Liquid Assets / Assets10.41%10.46%6.30%6.93%6.61%-380 bps
CRE / Total Capitaln/an/an/an/an/an/an/a