PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Cabarrus Bank and Trust Company

Concord, NC · Cert 57545

FDIC

Q2 2013

$126.3MAssets
$70.6MLoans
$113.9MDeposits
$11.7MEquity
Loan mix
88%RE $53.8M10%C&I $6.3M1%Consumer $0.8MQ2 2012Q2 2013
Deposit mix
82%Interest-bearing $93.1M18%Noninterest $20.9MQ2 2012Q2 2013

NIM

4.41%Q2 ’114.11%Q2 ’123.50%Q2 ’13-2%-13%

Non-interest income vs. expense

3.29%Q2 ’113.84%Q2 ’123.88%Q2 ’13+10%-9%

Executive Summary

  • Earnings: ROA of 0.36%, up 21 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.30%.
  • Funding: loans stand at 62.00% of deposits as of Q2 2013.

Financial Results

Return on Assets (YTD, annualized)

0.36%+21 bps YoY

Net Interest Margin (YTD, annualized)

3.13%-45 bps YoY

Efficiency Ratio (YTD, annualized)

90.43%+403 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.15%0.11%0.35%10.92%0.36%+21 bps
Return on Equity1.57%1.13%3.76%9.93%3.88%+231 bps
Net Interest Margin3.58%3.47%3.37%3.01%3.13%-45 bps
Efficiency Ratio86.40%86.93%86.21%70.96%90.43%+403 bps
Non-Interest Burden2.98%2.90%2.81%1.72%2.72%-26 bps
Growth
Asset Growth (YoY)1.50%0.32%5.52%5.70%0.06%-144 bps
Loan Growth (YoY)-12.47%-10.34%-8.05%-10.82%-8.35%+411 bps
Deposit Growth (YoY)2.38%1.16%5.71%5.79%1.76%-62 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.89%0.96%0.84%0.10%0.30%-59 bps
Allowance / Loans1.82%1.78%1.78%1.74%1.59%-23 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 Capital14.67%14.69%15.45%16.08%16.05%+138 bps
Equity / Assets9.49%9.39%9.11%9.36%9.27%-22 bps
Liquidity & Funding
Loans / Deposits68.84%67.01%63.76%62.37%62.00%-684 bps
Liquid Assets / Assets9.10%2.96%15.63%13.51%9.15%+5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a