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Capstone Bank

Raleigh, NC · Cert 58386

FDIC

Q1 2014

$381.3MAssets
$299.1MLoans
$273.2MDeposits
$45.3MEquity
Loan mix
90%RE $211.1M9%C&I $21.1M1%Consumer $3.4MQ1 2013Q1 2014
Deposit mix
83%Interest-bearing $227.2M17%Noninterest $46.0MQ1 2013Q1 2014

NIM

4.39%Q1 ’124.44%Q1 ’134.20%Q1 ’14+8%-7%

Non-interest income vs. expense

2.17%Q1 ’123.14%Q1 ’133.35%Q1 ’14-245%+201%

Executive Summary

  • Earnings: ROA of 0.20%, down 677 bps year over year; NIM at 3.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 109.46% of deposits as of Q1 2014.

Financial Results

Return on Assets (quarter, annualized)

0.20%-677 bps YoY

Net Interest Margin (quarter, annualized)

3.78%-27 bps YoY

Efficiency Ratio (quarter, annualized)

82.58%+5,230 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets6.97%1.22%1.44%1.02%0.20%-677 bps
Return on Equity58.38%10.61%12.39%8.61%1.70%-5,668 bps
Net Interest Margin4.04%4.04%4.10%4.00%3.78%-27 bps
Efficiency Ratio30.28%53.29%50.68%55.51%82.58%+5,230 bps
Non-Interest Burden-3.09%2.05%2.01%2.23%3.11%+620 bps
Growth
Asset Growth (YoY)64.36%58.39%60.87%60.21%2.90%-6,147 bps
Loan Growth (YoY)84.85%79.28%76.20%73.45%4.16%-8,069 bps
Deposit Growth (YoY)78.03%59.04%59.51%59.35%-4.48%-8,251 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%0.50%0.12%0.26%-0.01%+3 bps
Allowance / Loans1.35%1.24%1.21%1.12%1.12%-23 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 Capital14.76%14.55%15.01%15.27%15.49%+73 bps
Equity / Assets11.50%11.47%11.75%11.82%11.87%+37 bps
Liquidity & Funding
Loans / Deposits100.38%105.23%103.85%106.64%109.46%+908 bps
Liquid Assets / Assets5.31%5.03%5.25%4.93%4.73%-58 bps
CRE / Total Capitaln/an/an/an/an/an/an/a