Southern Piedmont

Charlotte, NC · Charter 63538

Q4 1998

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: Q4 1998, the quarter ended December 31, 1998, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Charlotte, NC · Charter 63538

Q4 1998

$1.4MAssets

$904KLoans

$1.2MShares

n/aNet Worth

Return on Assets (YTD, annualized)

-3.75%-876 bps YoY

Net Interest Margin (YTD, annualized)

n/a

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q2 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	YoY Δ	Trend
Earnings
Return on Assets	5.83%	6.54%	2.80%	5.00%	5.07%	3.79%	0.41%	-3.75%	-876 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Growth
Asset Growth (YoY)	n/a	n/a	-13.63%	-13.01%	-10.53%	-13.19%	-12.06%	-4.95%	+807 bps
Loan Growth (YoY)	n/a	n/a	-4.41%	1.82%	-9.97%	-29.99%	-29.97%	-33.71%	-3,553 bps
Share Growth (YoY)	n/a	n/a	-17.01%	-20.20%	-10.61%	-9.44%	-5.47%	12.72%	+3,292 bps
Asset Quality
Delinquent Loans / Loans	0.00%	1.25%	0.00%	0.00%	0.05%	0.00%	0.00%	0.23%	+23 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	1.43%	4.98%	5.54%	2.58%	1.94%	3.34%	0.83%	0.14%	-244 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	84.36%	125.53%	94.05%	128.17%	84.96%	97.05%	69.68%	75.37%	-5,280 bps
Liquid Assets / Assets	28.71%	6.23%	16.02%	6.76%	15.73%	0.00%	0.00%	0.00%	-676 bps