Select Bank & Trust Company

Winterville, NC · Cert 57783

FDIC · 6 branches

Q2 2014

$282.3MAssets

$223.5MLoans

$219.9MDeposits

$33.5MEquity

Loan mix

Deposit mix

NIM

Market Position · Greenville, NC · 2014 SOD (annual) · 6.0% share · #7 of 14 inst. · $0.1B of $1.9B

6.0% Pitt

7.5% Pasquotank

0.3% Guilford

1.7% Beaufort

Earnings: ROA of 1.13%, up 32 bps year over year; NIM at 3.36%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.18%.
Funding: loans stand at 101.61% of deposits as of Q2 2014.

Return on Assets (YTD, annualized)

1.13%+32 bps YoY

Net Interest Margin (YTD, annualized)

3.36%+2 bps YoY

Efficiency Ratio (YTD, annualized)

53.51%-522 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q2 2013	Q3 2013	Q4 2013	Q1 2014	Q2 2014	YoY Δ	Trend
Earnings
Return on Assets	0.82%	0.83%	0.93%	1.06%	1.13%	+32 bps
Return on Equity	7.12%	7.26%	8.22%	9.26%	9.80%	+269 bps
Net Interest Margin	3.34%	3.30%	3.19%	3.34%	3.36%	+2 bps
Efficiency Ratio	58.73%	58.99%	58.93%	54.97%	53.51%	-522 bps
Non-Interest Burden	1.81%	1.80%	1.73%	1.73%	1.66%	-15 bps
Growth
Asset Growth (YoY)	10.36%	10.32%	8.81%	7.63%	6.41%	-395 bps
Loan Growth (YoY)	14.92%	12.54%	7.32%	9.46%	6.58%	-835 bps
Deposit Growth (YoY)	12.28%	11.20%	9.62%	7.67%	2.11%	-1,017 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.03%	0.04%	0.12%	0.05%	0.18%	+14 bps
Allowance / Loans	1.91%	1.94%	1.69%	1.63%	1.53%	-37 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	15.24%	15.37%	15.47%	15.82%	15.95%	+71 bps
Equity / Assets	11.37%	11.13%	11.22%	11.61%	11.86%	+49 bps
Liquidity & Funding
Loans / Deposits	97.35%	95.08%	94.33%	98.16%	101.61%	+425 bps
Liquid Assets / Assets	0.58%	0.38%	0.41%	0.30%	0.47%	-12 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a