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Mountain 1st Bank & Trust Company

Hendersonville, NC · Cert 57763

FDIC

Q4 2013

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: Q4 2013, the quarter ended December 31, 2013, 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

Mountain 1st Bank & Trust Company

Hendersonville, NC · Cert 57763

FDIC

Q4 2013

$643.3MAssets
$339.4MLoans
$630.4MDeposits
$9.2MEquity
Loan mix
89%RE $257.3M11%C&I $30.5M1%Consumer $2.1MQ4 2012Q4 2013
Deposit mix
96%Interest-bearing $603.0M4%Noninterest $27.4MQ4 2012Q4 2013

NIM

3.91%Q4 ’113.57%Q4 ’123.50%Q4 ’13-3%+6%

Non-interest income vs. expense

2.91%Q4 ’112.97%Q4 ’122.96%Q4 ’13-10%+3%

Executive Summary

  • Earnings: ROA of 0.47%, up 29 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.13%.
  • Funding: loans stand at 53.83% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.47%+29 bps YoY

Net Interest Margin (YTD, annualized)

2.93%+15 bps YoY

Efficiency Ratio (YTD, annualized)

83.48%-217 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.18%10.28%0.63%0.56%0.47%+29 bps
Return on Equity6.68%9.86%26.43%26.22%23.19%+1,651 bps
Net Interest Margin2.78%2.85%2.79%2.87%2.93%+15 bps
Efficiency Ratio85.66%78.01%77.10%80.41%83.48%-217 bps
Non-Interest Burden2.28%2.06%1.96%2.16%2.34%+7 bps
Growth
Asset Growth (YoY)1.49%-0.39%-4.33%-6.97%-9.45%-1,093 bps
Loan Growth (YoY)-7.98%-6.80%-7.87%-10.94%-13.75%-577 bps
Deposit Growth (YoY)1.66%-0.85%-3.07%-5.89%-7.83%-949 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.33%0.89%0.58%1.01%1.13%-20 bps
Allowance / Loans2.72%2.86%2.89%2.57%2.30%-42 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 Capital6.11%6.41%7.00%7.41%7.68%+157 bps
Equity / Assets2.77%2.82%1.48%1.47%1.43%-134 bps
Liquidity & Funding
Loans / Deposits57.53%56.27%54.70%52.92%53.83%-370 bps
Liquid Assets / Assets4.25%5.07%25.83%26.92%25.67%+2,142 bps
CRE / Total Capitaln/an/an/an/an/an/an/a