PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Port City Capital Bank

Wilmington, NC · Cert 57350

FDIC

Q1 2007

$210.8MAssets
$152.1MLoans
$166.4MDeposits
$43.1MEquity
Loan mix
93%RE $120.7M7%C&I $9.0M0%Consumer $0.1MQ1 2006Q1 2007
Deposit mix
91%Interest-bearing $151.7M9%Noninterest $14.7MQ1 2006Q1 2007

NIM

5.68%Q1 ’056.95%Q1 ’066.95%Q1 ’07+19%-14%

Non-interest income vs. expense

1.74%Q1 ’051.45%Q1 ’061.36%Q1 ’07-16%-8%

Executive Summary

  • Earnings: ROA of 1.24%, down 4 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 91.41% of deposits as of Q1 2007.

Financial Results

Return on Assets (YTD, annualized)

1.24%-4 bps YoY

Net Interest Margin (YTD, annualized)

3.51%-55 bps YoY

Efficiency Ratio (YTD, annualized)

36.38%+119 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets1.28%1.40%0.47%0.67%1.24%-4 bps
Return on Equity15.11%16.74%3.88%4.71%5.83%-928 bps
Net Interest Margin4.06%4.08%3.92%3.54%3.51%-55 bps
Efficiency Ratio35.19%38.83%76.23%66.99%36.38%+119 bps
Non-Interest Burden1.39%1.55%2.97%2.37%1.28%-11 bps
Growth
Asset Growth (YoY)39.75%30.82%42.97%32.64%28.90%-1,085 bps
Loan Growth (YoY)39.70%34.74%26.20%17.58%19.70%-2,000 bps
Deposit Growth (YoY)38.81%29.67%23.97%12.48%11.20%-2,762 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.29%1.30%1.29%1.28%1.26%-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 Capital11.39%11.40%10.06%10.69%10.51%-88 bps
Equity / Assets8.08%8.08%21.13%22.12%20.47%+1,239 bps
Liquidity & Funding
Loans / Deposits84.91%83.62%87.60%95.59%91.41%+649 bps
Liquid Assets / Assets0.11%0.11%0.10%0.10%0.07%-4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a