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Coastal Bank & Trust

Jacksonville, NC · Cert 58899

FDIC · 4 branches

Q1 2024

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 2024, the quarter ended March 31, 2024, 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

Coastal Bank & Trust

Jacksonville, NC · Cert 58899

FDIC · 4 branches

Q1 2024

$223.0MAssets
$175.2MLoans
$198.7MDeposits
$23.3MEquity
Loan mix
90%RE $135.2M7%C&I $10.4M3%Consumer $4.5MQ1 2023Q1 2024
Deposit mix
65%Interest-bearing $128.4M35%Noninterest $70.3MQ1 2023Q1 2024

NIM

3.37%Q1 ’224.62%Q1 ’235.35%Q1 ’24+29%-2%

Non-interest income vs. expense

2.85%Q1 ’222.95%Q1 ’232.49%Q1 ’24+10%-12%

Market Position · Jacksonville, NC · 2023 SOD (annual) · 9.0% share · #5 of 10 inst. · $0.2B of $2.0B

9.0% Onslow
0.9% Carteret

Executive Summary

  • Earnings: ROA of 1.66%, up 52 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.57%, down 23 bps from a year ago.
  • Funding: loans stand at 88.16% of deposits as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

1.66%+52 bps YoY

Net Interest Margin (YTD, annualized)

4.08%-7 bps YoY

Efficiency Ratio (YTD, annualized)

58.23%-755 bps YoY

Tier 1 Leverage Ratio

11.57%-23 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets1.14%1.23%1.23%1.17%1.66%+52 bps
Return on Equity11.34%12.36%12.39%11.64%15.91%+457 bps
Net Interest Margin4.15%4.03%4.08%4.11%4.08%-7 bps
Efficiency Ratio65.78%64.15%64.34%66.11%58.23%-755 bps
Non-Interest Burden2.62%2.48%2.52%2.62%2.30%-32 bps
Growth
Asset Growth (YoY)3.91%4.57%2.82%13.27%8.16%+425 bps
Loan Growth (YoY)23.09%17.38%13.96%12.79%10.85%-1,224 bps
Deposit Growth (YoY)3.55%3.44%1.45%12.56%7.63%+408 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.79%0.78%0.78%0.78%0.75%-4 bps
Allowance Coverage of NPLsn/a1263.0xn/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.80%11.36%11.53%11.72%11.57%-23 bps
Total Risk-Based Capital11.80%11.36%11.53%11.72%11.57%-23 bps
Equity / Assets10.02%9.69%9.89%10.41%10.44%+41 bps
Liquidity & Funding
Loans / Deposits85.60%82.58%84.83%87.29%88.16%+256 bps
Liquid Assets / Assets10.98%13.88%11.79%9.98%9.62%-135 bps
CRE / Total Capitaln/an/an/an/an/an/an/a