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Aquesta Bank

Cornelius, NC · Cert 58296

FDIC · 9 branches

Q3 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2021, the quarter ended September 30, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Aquesta Bank

Cornelius, NC · Cert 58296

FDIC · 9 branches

Q3 2021

$756.9MAssets
$500.2MLoans
$660.2MDeposits
$59.7MEquity
Loan mix
66%RE $269.9M34%C&I $136.3M0%Consumer $0.1MQ3 2020Q3 2021
Deposit mix
65%Interest-bearing $429.9M35%Noninterest $230.4MQ3 2020Q3 2021

NIM

4.61%Q3 ’193.43%Q3 ’203.51%Q3 ’21-14%+7%

Non-interest income vs. expense

2.60%Q3 ’191.89%Q3 ’202.99%Q3 ’21-26%+59%

Market Position · Charlotte-Concord-Gastonia, NC-SC · 2021 SOD (annual) · 0.2% share · #13 of 47 inst. · $0.6B of $315.8B

0.2% Mecklenburg
3.0% Iredell
0.2% New Hanover

Executive Summary

  • Earnings: ROA of 0.44%, down 33 bps year over year; NIM at 3.11%.
  • Asset quality: problem loans at 0.00% of loans (-136 bps YoY), with net charge-offs at 1.29%.
  • Capital: tier 1 leverage ratio of 8.16%, down 98 bps from a year ago.
  • Funding: loans stand at 75.76% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

0.44%-33 bps YoY

Net Interest Margin (YTD, annualized)

3.11%+20 bps YoY

Efficiency Ratio (YTD, annualized)

83.47%+2,110 bps YoY

Tier 1 Leverage Ratio

8.16%-98 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets0.77%0.87%1.41%1.23%0.44%-33 bps
Return on Equity8.40%9.55%16.86%14.64%5.34%-306 bps
Net Interest Margin2.90%3.00%3.56%3.29%3.11%+20 bps
Efficiency Ratio62.38%61.64%53.24%57.55%83.47%+2,110 bps
Non-Interest Burden1.58%1.61%1.48%1.63%2.51%+94 bps
Growth
Asset Growth (YoY)36.16%30.41%43.48%8.99%10.11%-2,605 bps
Loan Growth (YoY)46.25%33.46%42.45%-6.24%-13.53%-5,978 bps
Deposit Growth (YoY)38.45%32.56%58.15%23.05%21.20%-1,725 bps
Asset Quality
Nonperforming Loans / Loans1.36%1.03%0.91%0.18%0.00%-136 bps
Net Charge-Offs / Loans0.05%0.09%0.16%0.09%1.29%+124 bps
Allowance / Loans0.89%0.96%0.92%1.01%0.14%-75 bps
Allowance Coverage of NPLs0.7x0.9x1.0x5.6xn/an/a
Capital
Tier 1 Leverage Ratio9.14%9.06%9.02%8.83%8.16%-98 bps
Total Risk-Based Capital14.64%14.36%14.06%14.35%12.74%-190 bps
Equity / Assets8.36%8.70%8.06%8.58%7.88%-47 bps
Liquidity & Funding
Loans / Deposits106.19%99.42%90.54%81.72%75.76%-3,043 bps
Liquid Assets / Assets0.85%5.25%8.59%14.54%19.99%+1,915 bps
CRE / Total Capitaln/an/an/an/an/an/an/a