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First Bank of Charleston, Inc.

Charleston, WV · Cert 57514

FDIC · 1 branch

Q3 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2018, the quarter ended September 30, 2018, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First Bank of Charleston, Inc.

Charleston, WV · Cert 57514

FDIC · 1 branch

Q3 2018

$174.1MAssets
$119.5MLoans
$130.0MDeposits
$22.1MEquity
Loan mix
69%RE $55.3M30%C&I $24.1M1%Consumer $1.1MQ3 2017Q3 2018
Deposit mix
85%Interest-bearing $110.0M15%Noninterest $20.0MQ3 2017Q3 2018

NIM

3.93%Q3 ’164.05%Q3 ’174.29%Q3 ’18+0%+1%

Non-interest income vs. expense

2.03%Q3 ’162.03%Q3 ’172.33%Q3 ’18-3%+17%

Market Position · Charleston, WV · 2018 SOD (annual) · 2.4% share · #9 of 15 inst. · $0.1B of $5.8B

Executive Summary

  • Earnings: ROA of 0.76%, up 11 bps year over year; NIM at 3.42%.
  • Asset quality: problem loans at 2.20% of loans (-46 bps YoY), with net recoveries of 0.06%.
  • Capital: tier 1 leverage ratio of 13.11%, up 127 bps from a year ago.
  • Funding: loans stand at 91.94% of deposits as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

0.76%+11 bps YoY

Net Interest Margin (YTD, annualized)

3.42%+5 bps YoY

Efficiency Ratio (YTD, annualized)

64.00%+767 bps YoY

Tier 1 Leverage Ratio

13.11%+127 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets0.65%0.57%0.84%0.75%0.76%+11 bps
Return on Equity5.68%4.98%7.05%6.23%6.24%+56 bps
Net Interest Margin3.37%3.30%3.43%3.37%3.42%+5 bps
Efficiency Ratio56.33%57.08%61.82%64.27%64.00%+767 bps
Non-Interest Burden1.80%1.79%2.03%2.08%2.10%+31 bps
Growth
Asset Growth (YoY)-1.78%-3.62%-7.19%-5.46%-9.44%-766 bps
Loan Growth (YoY)-3.30%-7.63%-11.20%-11.51%-14.24%-1,094 bps
Deposit Growth (YoY)0.88%-2.08%-8.47%-8.76%-12.47%-1,335 bps
Asset Quality
Nonperforming Loans / Loans2.66%1.90%1.93%2.01%2.20%-46 bps
Net Charge-Offs / Loans0.39%0.96%-0.19%-0.13%-0.06%-45 bps
Allowance / Loans1.43%1.24%1.43%1.55%1.66%+24 bps
Allowance Coverage of NPLs0.5x0.6x0.7x0.8x0.8x+0.2x
Capital
Tier 1 Leverage Ratio11.84%11.79%12.40%12.59%13.11%+127 bps
Total Risk-Based Capital17.15%17.96%18.97%19.22%20.16%+301 bps
Equity / Assets11.69%11.74%12.07%12.17%12.67%+98 bps
Liquidity & Funding
Loans / Deposits93.83%91.62%89.92%89.76%91.94%-189 bps
Liquid Assets / Assets0.00%0.00%0.00%0.04%0.08%+8 bps
CRE / Total Capitaln/an/an/an/an/an/an/a