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Greystone Bank

Raleigh, NC · Cert 58094

FDIC

Q3 2011

$89.9MAssets
$44.1MLoans
$79.5MDeposits
$8.9MEquity
Loan mix
98%RE $35.4M2%C&I $0.7M0%Consumer $0.2MQ3 2010Q3 2011
Deposit mix
99%Interest-bearing $79.0M1%Noninterest $0.4MQ3 2010Q3 2011

NIM

5.72%Q3 ’095.66%Q3 ’106.49%Q3 ’11-35%-58%

Non-interest income vs. expense

2.01%Q3 ’094.10%Q3 ’107.13%Q3 ’11+115%+342%

Executive Summary

  • Earnings: ROA of -22.82%, down 1,919 bps year over year; NIM at 1.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.73%.
  • Funding: loans stand at 55.49% of deposits as of Q3 2011.

Financial Results

Return on Assets (YTD, annualized)

-22.82%-1,919 bps YoY

Net Interest Margin (YTD, annualized)

1.15%-158 bps YoY

Efficiency Ratio (YTD, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets-3.63%-3.33%-26.85%-22.10%-22.82%-1,919 bps
Return on Equity-41.46%-36.46%-228%-186.57%-196.81%-15,535 bps
Net Interest Margin2.72%3.14%0.95%1.29%1.15%-158 bps
Efficiency Ration/an/an/an/an/an/a
Non-Interest Burden9.07%9.75%29.75%31.93%40.08%+3,101 bps
Growth
Asset Growth (YoY)-38.65%-53.90%-73.08%-75.76%-78.20%-3,956 bps
Loan Growth (YoY)-45.95%-52.86%-68.15%-77.92%-85.32%-3,937 bps
Deposit Growth (YoY)-41.80%-56.73%-71.69%-75.76%-76.93%-3,513 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.53%0.47%1.91%2.37%2.73%+220 bps
Allowance / Loans1.00%1.07%1.34%1.74%1.97%+97 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 Capital13.16%15.20%16.84%18.81%20.33%+717 bps
Equity / Assets9.74%11.73%11.92%12.04%9.88%+14 bps
Liquidity & Funding
Loans / Deposits87.17%98.14%83.70%73.49%55.49%-3,169 bps
Liquid Assets / Assets16.36%12.88%13.82%19.17%40.19%+2,383 bps
CRE / Total Capitaln/an/an/an/an/an/an/a