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Communitysouth Bank and Trust

Easley, SC · Cert 57868

FDIC

Q4 2010

$341.0MAssets
$216.8MLoans
$314.3MDeposits
$-4382KEquity
Deposit mix
94%Interest-bearing $293.8M6%Noninterest $20.4MQ4 2009Q4 2010

NIM

5.39%Q4 ’084.43%Q4 ’093.64%Q4 ’10-18%-31%

Non-interest income vs. expense

2.45%Q4 ’085.10%Q4 ’095.23%Q4 ’10+125%+3%

Executive Summary

  • Earnings: ROA of -7.70%, up 626 bps year over year; NIM at 1.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 11.60%.
  • Funding: loans stand at 68.97% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

-7.70%+626 bps YoY

Net Interest Margin (quarter, annualized)

1.61%-71 bps YoY

Efficiency Ratio (quarter, annualized)

261%+7,277 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-13.96%-1.82%-1.68%-4.07%-7.70%+626 bps
Return on Equity-288%-65.28%-69.93%-227%-3732%-344,371 bps
Net Interest Margin2.32%1.88%1.48%0.97%1.61%-71 bps
Efficiency Ratio188.62%142.91%162.45%233%261%+7,277 bps
Non-Interest Burden4.72%2.83%2.62%2.80%4.84%+12 bps
Growth
Asset Growth (YoY)8.68%14.51%20.03%0.31%-19.06%-2,774 bps
Loan Growth (YoY)-14.27%-17.97%-20.29%-19.96%-21.21%-694 bps
Deposit Growth (YoY)25.78%23.01%29.86%6.35%-16.63%-4,240 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans11.70%1.57%3.82%5.40%11.60%-10 bps
Allowance / Loans4.71%4.98%4.74%4.88%4.45%-26 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 Capital6.25%5.91%5.36%3.48%-1.01%-726 bps
Equity / Assets2.97%2.60%2.21%1.36%-1.29%-425 bps
Liquidity & Funding
Loans / Deposits72.99%65.43%58.05%58.27%68.97%-401 bps
Liquid Assets / Assets0.11%0.11%0.10%0.11%0.14%+3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a