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Oldtown Bank

Waynesville, NC · Cert 58561

FDIC · 1 branch

Q1 2016

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: Q1 2016, the quarter ended March 31, 2016, 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

Oldtown Bank

Waynesville, NC · Cert 58561

FDIC · 1 branch

Q1 2016

$109.1MAssets
$65.6MLoans
$88.1MDeposits
$11.9MEquity
Loan mix
96%RE $51.1M4%C&I $1.9M0%Consumer $0.1MQ1 2015Q1 2016
Deposit mix
91%Interest-bearing $80.4M9%Noninterest $7.7MQ1 2015Q1 2016

NIM

3.93%Q1 ’143.95%Q1 ’154.11%Q1 ’16+0%+4%

Non-interest income vs. expense

2.56%Q1 ’142.65%Q1 ’153.47%Q1 ’16+7%+29%

Market Position · Asheville, NC · 2015 SOD (annual) · 1.2% share · #14 of 20 inst. · $0.1B of $7.2B

Executive Summary

  • Earnings: ROA of -0.09%, down 18 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Capital: tier 1 leverage ratio of 10.00%, up 52 bps from a year ago.
  • Funding: loans stand at 74.45% of deposits as of Q1 2016.

Financial Results

Return on Assets (YTD, annualized)

-0.09%-18 bps YoY

Net Interest Margin (YTD, annualized)

3.39%+14 bps YoY

Efficiency Ratio (YTD, annualized)

97.06%+1,797 bps YoY

Tier 1 Leverage Ratio

10.00%+52 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets0.09%0.31%0.41%0.30%-0.09%-18 bps
Return on Equity0.87%3.00%3.96%2.94%-0.85%-172 bps
Net Interest Margin3.25%3.27%3.35%3.33%3.39%+14 bps
Efficiency Ratio79.09%79.39%78.75%83.38%97.06%+1,797 bps
Non-Interest Burden2.54%2.56%2.61%2.75%3.28%+74 bps
Growth
Asset Growth (YoY)4.00%3.06%1.76%0.68%-0.94%-494 bps
Loan Growth (YoY)14.83%10.09%2.36%0.75%-0.32%-1,515 bps
Deposit Growth (YoY)2.45%-0.17%0.40%0.40%-1.49%-394 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.47%0.74%0.43%0.32%0.15%-132 bps
Allowance / Loans1.54%1.61%1.65%1.55%1.51%-3 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.48%9.69%9.75%9.75%10.00%+52 bps
Total Risk-Based Capital15.77%16.07%16.43%16.10%16.32%+55 bps
Equity / Assets10.48%10.32%10.34%10.44%10.87%+39 bps
Liquidity & Funding
Loans / Deposits73.58%72.51%70.26%72.42%74.45%+88 bps
Liquid Assets / Assets6.46%6.56%5.35%4.97%4.61%-185 bps
CRE / Total Capitaln/an/an/an/an/an/an/a