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Tidelands Bank

Mount Pleasant, SC · Cert 57594

FDIC · 7 branches

Q2 2016

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: Q2 2016, the quarter ended June 30, 2016, 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

Tidelands Bank

Mount Pleasant, SC · Cert 57594

FDIC · 7 branches

Q2 2016

$445.4MAssets
$321.5MLoans
$398.1MDeposits
$22.7MEquity
Loan mix
89%RE $220.6M10%C&I $25.0M1%Consumer $3.6MQ2 2015Q2 2016
Deposit mix
90%Interest-bearing $358.4M10%Noninterest $39.7MQ2 2015Q2 2016

NIM

3.69%Q2 ’143.53%Q2 ’153.81%Q2 ’16-6%+13%

Non-interest income vs. expense

2.85%Q2 ’143.11%Q2 ’154.33%Q2 ’16-1%+57%

Market Position · Charleston-North Charleston, SC · 2016 SOD (annual) · 1.7% share · #13 of 31 inst. · $0.2B of $12.2B

1.5% Charleston
2.2% Horry
1.8% Beaufort
4.8% Berkeley

Executive Summary

  • Earnings: ROA of -1.27%, down 74 bps year over year; NIM at 2.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.53%.
  • Capital: tier 1 leverage ratio of 5.04%, down 40 bps from a year ago.
  • Funding: loans stand at 80.75% of deposits as of Q2 2016.

Financial Results

Return on Assets (YTD, annualized)

-1.27%-74 bps YoY

Net Interest Margin (YTD, annualized)

2.88%+32 bps YoY

Efficiency Ratio (YTD, annualized)

137.64%+3,660 bps YoY

Tier 1 Leverage Ratio

5.04%-40 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets-0.52%-0.33%-0.29%-0.25%-1.27%-74 bps
Return on Equity-9.72%-6.15%-5.37%-4.63%-24.07%-1,435 bps
Net Interest Margin2.56%2.55%2.63%2.73%2.88%+32 bps
Efficiency Ratio101.04%100.06%101.31%108.85%137.64%+3,660 bps
Non-Interest Burden2.59%2.55%2.67%2.98%4.06%+147 bps
Growth
Asset Growth (YoY)-1.96%-0.58%-1.97%-2.61%-6.27%-431 bps
Loan Growth (YoY)-2.51%-0.21%2.18%1.33%0.57%+308 bps
Deposit Growth (YoY)-1.12%-0.55%-1.78%-3.72%-7.40%-628 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.33%0.37%0.58%0.26%0.53%+20 bps
Allowance / Loans1.69%1.56%1.24%1.18%1.06%-63 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio5.44%5.38%5.47%5.48%5.04%-40 bps
Total Risk-Based Capital8.57%8.54%8.33%8.17%7.42%-115 bps
Equity / Assets5.18%5.26%5.31%5.37%5.10%-9 bps
Liquidity & Funding
Loans / Deposits74.35%74.59%77.27%78.71%80.75%+640 bps
Liquid Assets / Assets4.40%5.44%2.88%3.60%1.21%-318 bps
CRE / Total Capitaln/an/an/an/an/an/an/a