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New Century Bank of Fayetteville

Fayetteville, NC · Cert 57609

FDIC

Q4 2007

$215.9MAssets
$167.6MLoans
$180.9MDeposits
$29.9MEquity
Loan mix
78%RE $110.3M21%C&I $28.8M1%Consumer $1.5MQ4 2006Q4 2007
Deposit mix
83%Interest-bearing $150.5M17%Noninterest $30.4MQ4 2006Q4 2007

NIM

5.54%Q4 ’055.58%Q4 ’066.94%Q4 ’07-6%+19%

Non-interest income vs. expense

1.95%Q4 ’052.15%Q4 ’062.77%Q4 ’07+4%+27%

Executive Summary

  • Earnings: ROA of 1.14%, down 22 bps year over year; NIM at 3.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 92.65% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

1.14%-22 bps YoY

Net Interest Margin (YTD, annualized)

3.89%+63 bps YoY

Efficiency Ratio (YTD, annualized)

59.53%+297 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets1.36%1.35%1.21%1.04%1.14%-22 bps
Return on Equity12.42%10.08%9.09%7.83%8.48%-394 bps
Net Interest Margin3.26%3.96%3.90%3.90%3.89%+63 bps
Efficiency Ratio56.56%59.83%59.59%61.20%59.53%+297 bps
Non-Interest Burden1.68%2.18%2.14%2.21%2.12%+45 bps
Growth
Asset Growth (YoY)84.36%87.26%80.24%9.33%8.03%-7,632 bps
Loan Growth (YoY)82.02%89.85%88.95%26.95%14.44%-6,758 bps
Deposit Growth (YoY)73.23%78.66%69.60%7.63%6.32%-6,691 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.08%0.06%0.07%0.09%+7 bps
Allowance / Loans1.13%0.93%0.92%1.02%0.89%-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 Capital11.65%11.61%11.44%11.60%11.89%+25 bps
Equity / Assets13.70%13.17%13.02%13.37%13.87%+18 bps
Liquidity & Funding
Loans / Deposits86.08%83.08%86.09%90.46%92.65%+658 bps
Liquid Assets / Assets0.30%0.11%0.09%0.08%0.04%-26 bps
CRE / Total Capitaln/an/an/an/an/an/an/a