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Palmetto Heritage Bank & Trust

Pawleys Island, SC · Cert 57880

FDIC · 3 branches

Q3 2018

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: Q3 2018, the quarter ended September 30, 2018, 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

Palmetto Heritage Bank & Trust

Pawleys Island, SC · Cert 57880

FDIC · 3 branches

Q3 2018

$164.8MAssets
$136.4MLoans
$123.5MDeposits
$17.0MEquity
Loan mix
90%RE $108.8M7%C&I $9.0M3%Consumer $3.2MQ3 2017Q3 2018
Deposit mix
92%Interest-bearing $113.9M8%Noninterest $9.6MQ3 2017Q3 2018

NIM

4.17%Q3 ’164.48%Q3 ’174.92%Q3 ’18+6%+6%

Non-interest income vs. expense

2.65%Q3 ’162.53%Q3 ’172.64%Q3 ’18-3%+7%

Market Position · Charleston-North Charleston, SC · 2018 SOD (annual) · 0.2% share · #24 of 32 inst. · $0.0B of $13.9B

5.8% Georgetown
0.3% Charleston

Executive Summary

  • Earnings: ROA of 1.21%, up 26 bps year over year; NIM at 3.86%.
  • Asset quality: problem loans at 0.00% of loans (-20 bps YoY), with net recoveries of 0.04%.
  • Capital: tier 1 leverage ratio of 10.28%, up 45 bps from a year ago.
  • Funding: loans stand at 110.43% of deposits as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

1.21%+26 bps YoY

Net Interest Margin (YTD, annualized)

3.86%+23 bps YoY

Efficiency Ratio (YTD, annualized)

63.27%-17 bps YoY

Tier 1 Leverage Ratio

10.28%+45 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets0.95%0.94%1.22%1.21%1.21%+26 bps
Return on Equity9.53%9.45%12.19%12.12%11.98%+245 bps
Net Interest Margin3.63%3.67%3.73%3.85%3.86%+23 bps
Efficiency Ratio63.44%63.97%61.23%63.16%63.27%-17 bps
Non-Interest Burden2.17%2.21%2.14%2.33%2.33%+16 bps
Growth
Asset Growth (YoY)5.69%5.59%6.47%3.85%1.12%-457 bps
Loan Growth (YoY)9.12%8.12%7.34%6.21%5.80%-332 bps
Deposit Growth (YoY)4.44%4.17%5.44%3.83%0.30%-413 bps
Asset Quality
Nonperforming Loans / Loans0.20%0.00%0.00%0.04%0.00%-20 bps
Net Charge-Offs / Loans0.00%0.00%-0.01%-0.07%-0.04%-4 bps
Allowance / Loans0.90%0.89%0.88%0.85%0.86%-4 bps
Allowance Coverage of NPLs4.5xn/an/a21.3xn/an/a
Capital
Tier 1 Leverage Ratio9.83%10.06%10.14%10.15%10.28%+45 bps
Total Risk-Based Capital14.04%14.13%14.23%13.79%14.28%+24 bps
Equity / Assets9.79%10.03%9.99%9.95%10.30%+52 bps
Liquidity & Funding
Loans / Deposits104.69%106.58%105.63%108.67%110.43%+574 bps
Liquid Assets / Assets6.02%5.05%5.57%5.13%4.36%-166 bps
CRE / Total Capitaln/an/an/an/an/an/an/a