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Vantagesouth Bank

Burlington, NC · Cert 58136

FDIC

Q3 2012

$260.7MAssets
$199.3MLoans
$219.1MDeposits
$28.7MEquity
Loan mix
83%RE $125.1M16%C&I $23.6M1%Consumer $1.8MQ3 2011Q3 2012
Deposit mix
88%Interest-bearing $193.8M12%Noninterest $25.3MQ3 2011Q3 2012

NIM

4.93%Q3 ’104.48%Q3 ’114.19%Q3 ’12+7%-1%

Non-interest income vs. expense

4.87%Q3 ’103.40%Q3 ’113.63%Q3 ’12-41%-1%

Executive Summary

  • Earnings: ROA of 1.06%, down 18 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.29%.
  • Funding: loans stand at 90.97% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

1.06%-18 bps YoY

Net Interest Margin (YTD, annualized)

3.66%-3 bps YoY

Efficiency Ratio (YTD, annualized)

77.10%+116 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets1.24%0.11%-0.56%0.49%1.06%-18 bps
Return on Equity12.29%1.18%-5.78%4.75%10.11%-218 bps
Net Interest Margin3.69%3.54%2.67%3.41%3.66%-3 bps
Efficiency Ratio75.93%100.48%111.36%86.95%77.10%+116 bps
Non-Interest Burden2.61%3.56%3.02%2.87%2.58%-3 bps
Growth
Asset Growth (YoY)21.97%31.60%202%174.00%157.86%+13,589 bps
Loan Growth (YoY)9.91%20.12%184.17%171.11%177.25%+16,734 bps
Deposit Growth (YoY)31.86%40.35%221%183.23%163.96%+13,210 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.14%0.44%0.51%0.27%0.29%+15 bps
Allowance / Loans2.47%1.89%0.45%0.48%0.44%-202 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 Capital13.73%11.85%11.62%12.49%13.28%-45 bps
Equity / Assets9.52%8.29%10.33%11.00%11.00%+148 bps
Liquidity & Funding
Loans / Deposits86.61%85.07%87.97%93.06%90.97%+436 bps
Liquid Assets / Assets0.66%1.26%1.18%2.34%0.88%+22 bps
CRE / Total Capitaln/an/an/an/an/an/an/a