PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Pinnacle Bank of South Carolina

Greenville, SC · Cert 58179

FDIC · 3 branches

Q3 2015

$150.9MAssets
$119.9MLoans
$123.8MDeposits
$20.4MEquity
Loan mix
85%RE $77.5M14%C&I $12.4M1%Consumer $1.3MQ3 2014Q3 2015
Deposit mix
77%Interest-bearing $95.0M23%Noninterest $28.8MQ3 2014Q3 2015

NIM

4.15%Q3 ’134.03%Q3 ’144.16%Q3 ’15-2%+4%

Non-interest income vs. expense

3.59%Q3 ’133.45%Q3 ’143.96%Q3 ’15-6%+25%

Market Position · Greenville-Anderson-Mauldin, SC · 2015 SOD (annual) · 0.8% share · #19 of 36 inst. · $0.1B of $14.8B

0.9% Greenville
1.0% Anderson
0.1% Pickens

Executive Summary

  • Earnings: ROA of 0.74%, down 24 bps year over year; NIM at 3.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.44%.
  • Funding: loans stand at 96.86% of deposits as of Q3 2015.

Financial Results

Return on Assets (quarter, annualized)

0.74%-24 bps YoY

Net Interest Margin (quarter, annualized)

3.93%+14 bps YoY

Efficiency Ratio (quarter, annualized)

84.41%+1,071 bps YoY

Tier 1 Leverage Ratio

13.44%

Discrete quarter, annualized.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.98%1.22%0.43%0.51%0.74%-24 bps
Return on Equity7.77%9.38%3.29%3.84%5.42%-235 bps
Net Interest Margin3.79%4.04%3.88%3.79%3.93%+14 bps
Efficiency Ratio73.70%71.24%92.20%89.60%84.41%+1,071 bps
Non-Interest Burden2.56%2.62%3.50%3.29%3.20%+65 bps
Growth
Asset Growth (YoY)1.46%6.57%2.22%-8.17%-0.31%-177 bps
Loan Growth (YoY)8.10%10.45%6.37%0.10%-1.54%-964 bps
Deposit Growth (YoY)1.34%5.88%-0.12%-6.08%4.50%+316 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.51%0.30%0.00%0.00%0.00%-51 bps
Allowance / Loans1.58%1.52%1.53%1.55%1.57%-1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a12.93%12.89%13.44%n/a
Total Risk-Based Capital17.36%17.06%17.15%17.39%17.48%+12 bps
Equity / Assets13.15%12.97%13.06%13.68%13.55%+40 bps
Liquidity & Funding
Loans / Deposits102.80%100.63%100.61%101.52%96.86%-594 bps
Liquid Assets / Assets3.63%3.98%4.89%2.29%4.03%+40 bps
CRE / Total Capitaln/an/an/an/an/an/an/a