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Patriot State Bank

Fuquay Varina, NC · Cert 58248

FDIC

Q4 2012

$137.5MAssets
$114.9MLoans
$119.3MDeposits
$16.3MEquity
Loan mix
93%RE $83.8M6%C&I $5.1M1%Consumer $1.2MQ4 2011Q4 2012
Deposit mix
88%Interest-bearing $104.7M12%Noninterest $14.5MQ4 2011Q4 2012

NIM

4.48%Q4 ’104.40%Q4 ’114.35%Q4 ’12+0%+8%

Non-interest income vs. expense

2.75%Q4 ’103.02%Q4 ’112.90%Q4 ’12+8%-5%

Executive Summary

  • Earnings: ROA of 0.57%, up 113 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.23%.
  • Funding: loans stand at 96.38% of deposits as of Q4 2012.

Financial Results

Return on Assets (YTD, annualized)

0.57%+113 bps YoY

Net Interest Margin (YTD, annualized)

3.26%+25 bps YoY

Efficiency Ratio (YTD, annualized)

82.54%-1,059 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets-0.57%0.68%0.58%0.59%0.57%+113 bps
Return on Equity-4.82%5.86%5.03%5.06%4.88%+970 bps
Net Interest Margin3.01%3.23%3.15%3.21%3.26%+25 bps
Efficiency Ratio93.12%78.99%80.06%82.04%82.54%-1,059 bps
Non-Interest Burden2.79%2.50%2.47%2.59%2.65%-14 bps
Growth
Asset Growth (YoY)-2.97%2.79%3.88%1.75%1.87%+484 bps
Loan Growth (YoY)-1.96%4.41%8.08%8.21%10.20%+1,216 bps
Deposit Growth (YoY)-2.97%3.57%4.44%1.41%0.16%+314 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.77%-0.03%0.05%0.04%0.23%-54 bps
Allowance / Loans1.92%1.89%1.93%1.90%1.70%-21 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 Capital15.71%15.46%15.39%15.38%15.46%-25 bps
Equity / Assets11.50%11.56%11.51%11.74%11.83%+33 bps
Liquidity & Funding
Loans / Deposits87.60%90.90%90.86%94.78%96.38%+878 bps
Liquid Assets / Assets3.96%2.63%4.54%1.91%1.72%-224 bps
CRE / Total Capitaln/an/an/an/an/an/an/a