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Union Bank & Trust Company

Oxford, NC · Cert 58245

FDIC · 8 branches

Q2 2017

$319.6MAssets
$246.4MLoans
$285.7MDeposits
$30.6MEquity
Loan mix
84%RE $181.2M15%C&I $31.2M1%Consumer $2.4MQ3 2015Q2 2017
Deposit mix
80%Interest-bearing $228.2M20%Noninterest $57.5MQ3 2015Q2 2017

Market Position · Raleigh, NC · 2017 SOD (annual) · 0.5% share · #18 of 35 inst. · $0.1B of $27.1B

17.7% Granville
21.9% Franklin
0.2% Wake
9.2% Vance

Executive Summary

  • Earnings: ROA of -0.66%, down 126 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.27% of loans (+27 bps YoY), with net charge-offs at 1.71%.
  • Capital: tier 1 leverage ratio of 9.22%, down 119 bps from a year ago.
  • Funding: loans stand at 86.25% of deposits as of Q2 2017.

Return on Assets (quarter, annualized)

-0.66%-126 bps YoY

Net Interest Margin (quarter, annualized)

3.65%-54 bps YoY

Efficiency Ratio (quarter, annualized)

84.79%+967 bps YoY

Tier 1 Leverage Ratio

9.22%-119 bps YoY

NIM

4.86%Q2 ’154.61%Q2 ’164.23%Q2 ’17-7%-13%

Non-interest income vs. expense

3.73%Q2 ’153.44%Q2 ’163.02%Q2 ’17-8%+2%

Discrete quarter, annualized.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017YoY ΔTrend
Earnings
Return on Assets0.60%0.14%0.59%0.61%0.72%0.24%0.67%-0.66%-126 bps
Return on Equity5.45%1.26%5.49%5.79%6.95%2.33%7.06%-7.15%-1,294 bps
Net Interest Margin4.51%4.36%4.26%4.19%4.13%4.06%3.72%3.65%-54 bps
Efficiency Ratio74.87%77.10%76.75%75.12%73.49%90.64%68.72%84.79%+967 bps
Non-Interest Burden3.28%3.33%3.19%3.06%2.93%3.66%2.46%3.12%+6 bps
Growth
Asset Growth (YoY)11.31%10.05%11.80%10.41%13.16%12.96%23.84%10.46%+5 bps
Loan Growth (YoY)6.00%6.75%9.88%10.81%11.20%14.33%12.52%7.30%-352 bps
Deposit Growth (YoY)10.67%9.51%11.17%9.95%12.75%11.41%31.05%19.00%+906 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.76%0.27%+27 bps
Net Charge-Offs / Loans0.23%0.70%0.01%0.03%0.30%0.45%0.33%1.71%+169 bps
Allowance / Loans1.14%1.21%1.21%1.22%1.15%1.14%1.12%1.23%+1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a1.5x4.5xn/a
Capital
Tier 1 Leverage Ratio11.02%10.95%10.80%10.41%10.26%10.08%9.47%9.22%-119 bps
Total Risk-Based Capital14.89%14.39%13.94%13.72%13.67%12.90%13.11%13.25%-46 bps
Equity / Assets11.07%11.05%10.52%10.47%10.27%10.16%8.84%9.56%-90 bps
Liquidity & Funding
Loans / Deposits93.71%96.00%93.88%95.66%92.42%98.51%80.61%86.25%-941 bps
Liquid Assets / Assets0.03%0.01%2.40%0.02%0.05%0.04%0.02%0.13%+11 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a