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Keysource Commercial Bank

Durham, NC · Cert 58475

FDIC

Q2 2012

$182.9MAssets
$140.7MLoans
$152.9MDeposits
$21.9MEquity
Loan mix
74%RE $66.5M26%C&I $23.3M0%Consumer $0.4MQ2 2011Q2 2012
Deposit mix
89%Interest-bearing $135.9M11%Noninterest $16.9MQ2 2011Q2 2012

NIM

5.01%Q2 ’104.44%Q2 ’114.38%Q2 ’12-10%+6%

Non-interest income vs. expense

2.63%Q2 ’102.64%Q2 ’113.14%Q2 ’12-15%+25%

Executive Summary

  • Earnings: ROA of -0.69%, down 86 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.59%.
  • Funding: loans stand at 92.03% of deposits as of Q2 2012.

Financial Results

Return on Assets (YTD, annualized)

-0.69%-86 bps YoY

Net Interest Margin (YTD, annualized)

3.14%+19 bps YoY

Efficiency Ratio (YTD, annualized)

78.14%+834 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets0.16%0.18%0.23%0.48%-0.69%-86 bps
Return on Equity1.76%1.86%2.31%4.19%-5.93%-769 bps
Net Interest Margin2.95%3.12%3.27%3.13%3.14%+19 bps
Efficiency Ratio69.80%68.28%70.16%71.73%78.14%+834 bps
Non-Interest Burden1.81%1.88%2.05%1.93%2.26%+45 bps
Growth
Asset Growth (YoY)5.22%-6.76%-9.86%-13.43%-15.74%-2,095 bps
Loan Growth (YoY)-3.13%-8.17%-10.55%-14.25%-13.82%-1,069 bps
Deposit Growth (YoY)6.41%-6.69%-12.28%-14.99%-13.78%-2,019 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.99%1.48%1.16%0.15%2.59%+60 bps
Allowance / Loans1.16%1.41%1.53%1.67%1.64%+48 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 Capital16.29%17.01%17.63%17.57%17.91%+162 bps
Equity / Assets10.03%10.86%11.46%11.65%12.00%+197 bps
Liquidity & Funding
Loans / Deposits92.08%94.82%99.62%94.39%92.03%-4 bps
Liquid Assets / Assets12.78%10.58%8.25%9.71%9.04%-374 bps
CRE / Total Capitaln/an/an/an/an/an/an/a