PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Carolina Commerce Bank

Gastonia, NC · Cert 57717

FDIC

Q3 2009

$99.7MAssets
$76.6MLoans
$87.1MDeposits
$8.2MEquity
Loan mix
88%RE $57.0M12%C&I $7.7M0%Consumer $0.3MQ3 2008Q3 2009
Deposit mix
95%Interest-bearing $82.9M5%Noninterest $4.2MQ3 2008Q3 2009

NIM

7.90%Q3 ’076.15%Q3 ’085.04%Q3 ’09-22%-10%

Non-interest income vs. expense

2.73%Q3 ’073.52%Q3 ’083.01%Q3 ’09+37%+7%

Executive Summary

  • Earnings: ROA of -2.74%, down 272 bps year over year; NIM at 2.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.07%.
  • Funding: loans stand at 87.96% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

-2.74%-272 bps YoY

Net Interest Margin (YTD, annualized)

2.54%-28 bps YoY

Efficiency Ratio (YTD, annualized)

149.02%+3,297 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-0.02%-1.04%-1.67%-3.48%-2.74%-272 bps
Return on Equity-0.16%-9.20%-17.47%-38.18%-30.76%-3,060 bps
Net Interest Margin2.83%2.45%2.50%2.53%2.54%-28 bps
Efficiency Ratio116.06%119.68%119.40%162.40%149.02%+3,297 bps
Non-Interest Burden3.31%2.97%3.00%4.01%3.54%+22 bps
Growth
Asset Growth (YoY)7.98%17.23%11.08%18.63%-2.72%-1,070 bps
Loan Growth (YoY)-4.05%8.83%6.73%6.83%0.00%+405 bps
Deposit Growth (YoY)7.76%11.04%6.72%20.47%-0.48%-824 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.24%1.02%1.62%1.53%1.07%+131 bps
Allowance / Loans1.84%1.59%1.62%1.58%1.93%+9 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 Capital14.69%13.38%12.92%11.42%11.01%-368 bps
Equity / Assets10.67%9.66%9.49%8.19%8.25%-242 bps
Liquidity & Funding
Loans / Deposits87.54%93.44%89.23%83.52%87.96%+42 bps
Liquid Assets / Assets0.26%2.48%2.45%3.10%0.32%+6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a