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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

3.72%Q4 ’113.44%Q4 ’123.38%Q4 ’13+1%+3%

Non-interest income vs. expense

2.96%Q4 ’113.02%Q4 ’122.86%Q4 ’13-22%+33%

Executive Summary

  • Earnings: ROA of 0.16%, down 41 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.41%.
  • Funding: loans stand at 53.83% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

0.16%-41 bps YoY

Net Interest Margin (quarter, annualized)

2.86%+8 bps YoY

Efficiency Ratio (quarter, annualized)

94.84%+1,467 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.56%10.28%0.98%0.44%0.16%-41 bps
Return on Equity21.06%9.86%45.48%29.61%10.88%-1,019 bps
Net Interest Margin2.78%2.85%2.74%2.95%2.86%+8 bps
Efficiency Ratio80.17%78.01%76.21%87.50%94.84%+1,467 bps
Non-Interest Burden2.03%2.06%1.86%2.52%2.71%+67 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 / Loans1.23%0.89%0.24%1.80%1.41%+18 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