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Letter portraitLegal landscapeQuarterYTD

Savannah River Banking Company

Aiken, SC · Cert 58515

FDIC

Q4 2013

$152.3MAssets
$110.4MLoans
$121.5MDeposits
$22.2MEquity
Loan mix
76%RE $60.6M22%C&I $17.9M1%Consumer $1.2MQ1 2012Q4 2013
Deposit mix
92%Interest-bearing $111.4M8%Noninterest $10.2MQ1 2012Q4 2013

Executive Summary

  • Earnings: ROA of 0.68%, up 26 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 90.83% of deposits as of Q4 2013.

Return on Assets (YTD, annualized)

0.68%+26 bps YoY

Net Interest Margin (YTD, annualized)

3.46%+16 bps YoY

Efficiency Ratio (YTD, annualized)

69.29%-197 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.20%Q4 ’113.92%Q4 ’123.90%Q4 ’13+5%+5%

Non-interest income vs. expense

2.45%Q4 ’112.52%Q4 ’122.57%Q4 ’130%+2%

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.44%0.45%0.43%0.41%0.58%0.56%0.65%0.68%+26 bps
Return on Equity3.26%3.31%3.16%3.02%4.24%4.10%4.73%4.86%+184 bps
Net Interest Margin3.20%3.25%3.27%3.30%3.43%3.43%3.50%3.46%+16 bps
Efficiency Ratio75.35%73.13%74.20%71.26%69.35%70.13%67.61%69.29%-197 bps
Non-Interest Burden2.36%2.32%2.36%2.28%2.28%2.33%2.29%2.32%+4 bps
Growth
Asset Growth (YoY)4.50%7.68%2.64%3.76%0.95%1.40%3.61%-5.24%-901 bps
Loan Growth (YoY)2.95%4.97%9.56%12.44%11.74%8.44%7.95%-3.13%-1,557 bps
Deposit Growth (YoY)3.04%9.13%5.67%4.64%2.46%1.08%-1.58%-8.08%-1,272 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%0.09%0.06%0.25%0.00%-0.02%-0.01%0.00%-25 bps
Allowance / Loans1.65%1.73%1.80%1.69%1.74%1.88%1.92%2.02%+33 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital19.02%19.05%19.12%17.99%18.04%18.01%18.08%18.65%+65 bps
Equity / Assets13.57%13.62%14.32%13.46%13.93%13.67%14.15%14.60%+114 bps
Liquidity & Funding
Loans / Deposits81.67%78.92%82.88%86.18%89.06%84.67%90.91%90.83%+465 bps
Liquid Assets / Assets0.94%1.16%2.29%1.89%2.05%2.57%1.97%1.83%-6 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a