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Community Bank of Rowan

China Grove, NC · Cert 58250

FDIC

Q4 2011

$144.5MAssets
$108.9MLoans
$122.3MDeposits
$17.6MEquity
Loan mix
83%RE $81.3M15%C&I $15.2M2%Consumer $1.8MQ4 2010Q4 2011
Deposit mix
89%Interest-bearing $109.4M11%Noninterest $13.0MQ4 2010Q4 2011

NIM

4.53%Q4 ’094.07%Q4 ’105.13%Q4 ’11-4%+51%

Non-interest income vs. expense

2.09%Q4 ’092.46%Q4 ’103.71%Q4 ’11-7%+56%

Executive Summary

  • Earnings: ROA of 0.06%, up 133 bps year over year; NIM at 4.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.23%.
  • Funding: loans stand at 89.02% of deposits as of Q4 2011.

Financial Results

Return on Assets (quarter, annualized)

0.06%+133 bps YoY

Net Interest Margin (quarter, annualized)

4.44%+150 bps YoY

Efficiency Ratio (quarter, annualized)

68.42%+106 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets-1.27%-0.21%1.77%1.31%0.06%+133 bps
Return on Equity-18.34%-2.91%18.46%11.05%0.48%+1,882 bps
Net Interest Margin2.94%2.96%3.67%4.34%4.44%+150 bps
Efficiency Ratio67.36%76.96%42.28%46.00%68.42%+106 bps
Non-Interest Burden1.75%2.20%0.77%1.84%2.73%+98 bps
Growth
Asset Growth (YoY)1.84%-4.63%4.22%-1.42%3.04%+120 bps
Loan Growth (YoY)-4.11%-7.43%-12.61%-11.01%5.67%+978 bps
Deposit Growth (YoY)12.46%4.42%4.49%-2.53%-3.20%-1,565 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.18%1.90%6.75%-0.07%1.23%-396 bps
Allowance / Loans1.68%1.61%0.08%0.23%0.43%-125 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 Capital11.30%10.81%14.25%14.08%13.04%+174 bps
Equity / Assets6.98%7.21%11.78%11.96%12.21%+523 bps
Liquidity & Funding
Loans / Deposits81.55%83.85%76.55%77.33%89.02%+747 bps
Liquid Assets / Assets16.94%13.32%19.67%18.87%4.07%-1,287 bps
CRE / Total Capitaln/an/an/an/an/an/an/a