PackageTrendsPeer
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Forest Commercial Bank

Asheville, NC · Cert 58693

FDIC

Q1 2014

$157.1MAssets
$124.1MLoans
$129.6MDeposits
$19.2MEquity
Loan mix
88%RE $64.3M12%C&I $8.8M0%Consumer $0.3MQ2 2012Q1 2014
Deposit mix
87%Interest-bearing $112.4M13%Noninterest $17.1MQ2 2012Q1 2014

Executive Summary

  • Earnings: ROA of -0.42%, down 76 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 95.79% of deposits as of Q1 2014.

Return on Assets (quarter, annualized)

-0.42%-76 bps YoY

Net Interest Margin (quarter, annualized)

3.27%-37 bps YoY

Efficiency Ratio (quarter, annualized)

110.14%+2,030 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.70%Q1 ’124.26%Q1 ’133.73%Q1 ’14-4%-10%

Non-interest income vs. expense

4.31%Q1 ’124.48%Q1 ’134.51%Q1 ’14-12%+18%

Discrete quarter, annualized.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.23%1.72%0.53%0.34%0.30%0.03%-0.14%-0.42%-76 bps
Return on Equity1.58%12.07%3.71%2.46%2.17%0.29%-1.26%-3.65%-611 bps
Net Interest Margin3.86%3.72%3.63%3.64%3.53%3.29%2.93%3.27%-37 bps
Efficiency Ratio88.93%84.62%78.78%89.84%87.11%92.80%100.00%110.14%+2,030 bps
Non-Interest Burden3.33%2.98%2.62%3.13%2.96%2.99%2.93%3.68%+55 bps
Growth
Asset Growth (YoY)24.67%25.31%15.40%11.48%8.89%33.47%27.08%13.48%+200 bps
Loan Growth (YoY)27.69%21.77%16.34%11.94%7.79%15.07%12.21%13.94%+200 bps
Deposit Growth (YoY)25.25%25.59%16.42%8.14%9.39%38.01%27.94%15.66%+752 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 / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.44%1.44%1.43%1.39%1.38%1.38%1.37%1.37%-2 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 Capital17.19%18.19%17.73%17.36%16.81%15.92%15.51%14.66%-270 bps
Equity / Assets14.15%14.35%14.04%14.02%13.48%10.66%10.81%12.19%-183 bps
Liquidity & Funding
Loans / Deposits99.81%94.64%93.97%97.24%98.36%78.91%82.41%95.79%-144 bps
Liquid Assets / Assets4.62%6.78%6.49%6.87%6.47%21.10%13.86%0.89%-598 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a