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Square 1 Bank

Durham, NC · Cert 58021

FDIC · 1 branch

Q3 2015

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 2015, the quarter ended September 30, 2015, 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

Square 1 Bank

Durham, NC · Cert 58021

FDIC · 1 branch

Q3 2015

$4.0BAssets
$1.6BLoans
$3.7BDeposits
$333.5MEquity
Deposit mix
84%Interest-bearing $3.1B16%Noninterest $0.6BQ3 2014Q3 2015

NIM

3.47%Q3 ’133.52%Q3 ’143.12%Q3 ’15+2%-11%

Non-interest income vs. expense

2.48%Q3 ’132.27%Q3 ’141.88%Q3 ’15+4%-14%

Market Position · Durham-Chapel Hill, NC · 2015 SOD (annual) · 31.9% share · #1 of 19 inst. · $3.6B of $11.2B

Executive Summary

  • Earnings: ROA of 1.23%, down 2 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.63%.
  • Capital: tier 1 leverage ratio of 7.90%.
  • Funding: loans stand at 42.75% of deposits as of Q3 2015.

Financial Results

Return on Assets (YTD, annualized)

1.23%-2 bps YoY

Net Interest Margin (YTD, annualized)

3.10%-40 bps YoY

Efficiency Ratio (YTD, annualized)

49.87%-226 bps YoY

Tier 1 Leverage Ratio

7.90%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets1.24%1.27%1.08%1.12%1.23%-2 bps
Return on Equity12.96%13.24%11.50%12.59%14.04%+108 bps
Net Interest Margin3.50%3.43%3.67%3.47%3.10%-40 bps
Efficiency Ratio52.13%50.84%49.74%50.26%49.87%-226 bps
Non-Interest Burden1.42%1.35%1.41%1.38%1.22%-20 bps
Growth
Asset Growth (YoY)37.91%33.25%34.92%42.25%35.14%-277 bps
Loan Growth (YoY)24.79%24.34%39.32%31.64%23.84%-96 bps
Deposit Growth (YoY)42.60%32.26%37.37%45.88%38.03%-457 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.44%0.60%0.98%0.93%0.63%+19 bps
Allowance / Loans1.79%1.70%1.67%1.65%1.86%+6 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a9.32%8.82%7.90%n/a
Total Risk-Based Capital14.54%14.61%12.40%12.82%12.94%-160 bps
Equity / Assets9.64%9.50%9.29%8.13%8.27%-137 bps
Liquidity & Funding
Loans / Deposits47.65%48.32%49.12%42.49%42.75%-490 bps
Liquid Assets / Assets13.58%12.08%13.84%19.00%17.53%+395 bps
CRE / Total Capitaln/an/an/an/an/an/an/a