Rank The Banks. North Carolina 2018 Q4

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1 Rank The Banks North Carolina 2018 Q4

2 Disclosure Statement This material has been prepared by Banks Street Partners, LLC and its affiliate BSP Securities, LLC (collectively, BSP ) from certain publicly available data and third-party subscriptions. It is not investment research or a research recommendation, as it does not constitute substantive research or analysis. It is provided for informational purposes, intended for your use only, and does not constitute an invitation or offer to subscribe for or purchase any of the products or services mentioned. The information provided is not intended to provide a sufficient basis on which to make an investment decision. The information provided herein is as of the dates disclosed and does not constitute forward looking statements. The conclusions supported by this information is subject to change at any time without notice. BSP may, from time to time, participate or invest in transactions with issuers of securities that participate in the markets referred to herein, perform services for or solicit business from such issuers, and/or have a position or effect transactions in the securities or derivatives thereof. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, expressed or implied is made regarding future performance. The information set forth above has been obtained from or based upon sources believed by BSP to be reliable, but BSP do not represent or warrant its accuracy or completeness and is not responsible for losses or damages arising out of errors, omissions or changes in market factors. This material does not purport to contain all of the information that an interested party may desire and, in fact, provides only a limited view of a particular market. IRS Circular 230 Disclosure: BSP and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters included herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone not affiliated with BSP of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties. This presentation is not to be considered a solicitation to buy or sell any securities and does not constitute a commitment by any BSP entity to underwrite, subscribe for or place any securities or to arrange credit or to provide any other services. 2

3 Banks Street Partners Professionals Seasoned professionals with more than 190 years of combined experience and more than 500 transactions in the financial services industry ATLANTA CHARLOTTE Lee Burrows Chief Executive Officer (404) Johnny Bond Analyst (404) Gary McNorrill President (704) Jeff Adams Managing Director (404) Will Brackett Managing Director (404) Mark Saunders Managing Director (404) Drew Taylor Vice President (404) Dan Eipp Analyst (404) Asher Kenen Analyst (404) Nicole Mansfield Business Manager (404) Alison Pickett Executive Assistant (404) Andy Hitt Managing Director (919) Matt Kennedy Senior Vice President (704) Berkeley McKeown Associate (704) Robby Rucho Analyst (704) Kristen Ertz Project Manager & Human Resources (704)

4 Rankings Per State Bank Listing Company Name - City - Parent Company - Date Established - Number of Offices - Employees - S Corp? - - ROAA - ROAE Top 50 Ranking by City - Employees- Number of Offices - Deposits - Deposits/Office - /Office - Deposits/Employee - /Employee - Net Interest Margin City - - Yield on Loans - Loan Growth Rate - Cost of Funds - Deposit Growth Rate - Loans/Deposits - Yield on Investment Securities (FTE) - Net Interest Margin Noninterest Income City - - Net Income - Service Charge on Deposits/Avg - Gain on Sale of Loans/Avg. - Net Servicing Fees/Avg - Net Gains on OREO/Avg. - Noninterest Income - Noninterest Income/Avg Overhead City - - Efficiency Ratio (FTE) - Employees - Number of Offices - Personnel Expense/Avg. - Occupancy Expense/Avg. - Other Expense/Avg. - Overhead/Avg Asset Quality City - - Gross Loans - LLR/Gross Loans - Adj Loans 30-89PD/Gross Loans - Adj 90+ PD/Gross Loans - Adj NPLs + Adj OREO/Gross Loans - NCO/Avg Loans - Asset Quality Composite ROAE City - - LTM Net Income - Employees - LTM Net Income/Employee 2017Q4 LTM Net Income Q4 LTM Net Income - ROAA - ROAE Overall City - - Net Interest Margin Rank - Noninterest Income Rank - Overhead Rank - Asset Quality Rank - ROAE Rank - Overall Rank 4

5 Excluded Banks & Calculation Notes Excluded Banks: Excluded banks are usually special-purpose banks (such as trust banks), subsidiaries of foreign companies, or companies for which necessary data is not available as of this report American Bank & Trust Carolina State Bank RBC Bank (Georgia), N.A. Spirit Community Bank Cedar Hill National Bank Community Bank of the Carolinas Dogwood State Bank Calculation Notes: All data in this report is bank level and is as of or for the 12 months ending December 31, 2018 (unless noted otherwise) For banks that elect subchapter S status, return on average assets and return on average equity are adjusted to reflect the impact of a 25% corporate tax rate Asset quality index is the sum of: (Adjusted Loans PD/Loans) + (Adjusted Loans 90 PD/Loans )+ (Adjusted NPLs/Loans) + (Adjusted OREO/Loans) + (Net Chargeoffs/Avg Loans). Adjustments are made to exclude loans for which repayment of principal is wholly or partially guaranteed by the US government Overall ranking is based on an unweighted average of Net Interest Margin rank, Noninterest Income rank, Overhead rank, Asset Quality rank and ROAE rank 5

6 North Carolina Bank Listing Company Name City Parent Company Date Established Number of Offices Employees Alliance Bank & Trust Company Gastonia PBD Holdings, LLC 9/8/ No 143, Aquesta Bank Cornelius Aquesta Financial Holdings, Inc. 8/1/ No 459, Bank of America, National Association Charlotte Bank of America Corporation 10/17/1904 4, ,502 No 1,782,639, Bank of Oak Ridge Oak Ridge Oak Ridge Financial Services, Inc. 4/10/ No 449, Belmont Federal Savings and Loan Association Belmont 1/1/ No 91, Black Mountain Savings Bank, SSB Black Mountain 4/4/ No 40, blueharbor bank Mooresville 1/8/ No 214, Branch Banking and Trust Company Winston-Salem BB&T Corporation 1/1/1872 1,966 33,401 No 219,071, Carolina Trust Bank Lincolnton Carolina Trust BancShares, Inc. 12/8/ No 474, Coastal Bank & Trust Jacksonville 4/13/ No 109, Entegra Bank Franklin Entegra Financial Corp. 1/1/ No 1,635, Farmers & Merchants Bank Salisbury F & M Financial Corporation 7/13/ No 608, Fidelity Bank Fuquay-Varina Fidelity BancShares (N.C.), Inc. 8/10/ No 1,929, First Bank Southern Pines First Bancorp 8/23/ ,142 No 5,865, First Capital Bank Laurinburg First Capital Bancshares, Inc. 9/27/ No 88,851 (0.08) (0.31) First Carolina Bank Rocky Mount First Carolina Financial Services, Inc. 11/29/ No 504, First Federal Bank Dunn First Federal Financial Corporation 1/1/ No 184, First Federal Savings Bank of Lincolnton Lincolnton 2/1/ No 381, First Savings and Loan Association Mebane 1/1/ No 53, First-Citizens Bank & Trust Company Raleigh First Citizens BancShares, Inc. 3/1/ ,522 No 35,267, Hertford Savings Bank, SSB Hertford 1/1/ No 13, HomeTrust Bank Asheville HomeTrust Bancshares, Inc. 1/1/ No 3,409, Jackson Savings Bank, SSB Sylva 1/1/ No 32, KS Bank, Inc. Smithfield KS Bancorp, Inc. 4/28/ No 400, Lifestore Bank (MHC) West Jefferson AsheCo MHC, Inc. 1/1/ No 288, Live Oak Banking Company Wilmington Live Oak Bancshares, Inc. 5/12/ No 3,625, Lumbee Guaranty Bank Pembroke 12/22/ No 336, Mechanics and Farmers Bank Durham M&F Bancorp, Inc. 8/1/ No 256, Morganton Savings Bank, S.S.B. Morganton 1/1/ No 89, Nantahala Bank & Trust Company Franklin 10/4/ No 153, New Republic Savings Bank Roanoke Rapids 12/15/ No 65, North State Bank Raleigh North State Bancorp 6/1/ Yes 895, Peoples Bank Newton Peoples Bancorp of North Carolina, Inc. 1/1/ No 1,091, Piedmont Federal Savings Bank Winston-Salem 1/1/ No 903, Providence Bank Rocky Mount PB Financial Corporation 3/14/ No 452, Roanoke Rapids Savings Bank, SSB Roanoke Rapids 1/1/ No 75,981 (0.02) (0.12) Roxboro Savings Bank, SSB Roxboro 1/1/ No 223, Select Bank & Trust Company Dunn Select Bancorp, Inc. 5/24/ No 1,257, Sound Bank Morehead City West Town Bancorp, Inc. 9/4/ No 270, Southern Bank and Trust Company Mount Olive Southern BancShares (N.C.), Inc. 1/1/ No 2,624, Surrey Bank & Trust Mount Airy Surrey Bancorp 7/22/ No 309, Tarboro Savings Bank, SSB Tarboro 9/22/ No 47, Taylorsville Savings Bank, SSB Taylorsville 4/1/ No 103, Union Bank Greenville 11/9/ No 745, Uwharrie Bank Albemarle Uwharrie Capital Corp 1/26/ No 630, Wake Forest Federal Savings and Loan Association (MHC) Wake Forest Wake Forest Bancorp, M.H.C. 1/1/ No 104, S Corp (Yes/No) ROAA ROAE 6

7 North Carolina Asset Ranking Rank Company Name City Employees Number of Offices Deposits Deposits / Office / Office Deposits / Employee / Employee 1 Bank of America, National Association Charlotte 136,502 4,449 1,456,846, , ,683 10,673 13,059 1,782,639,000 2 Branch Banking and Trust Company Winston-Salem 33,401 1, ,539,000 85, ,430 5,046 6, ,071,000 3 First-Citizens Bank & Trust Company Raleigh 6, ,705,952 55,829 64,123 4,708 5,407 35,267,496 4 First Bank Southern Pines 1, ,665,855 45,744 57,503 4,086 5,136 5,865,282 5 Live Oak Banking Company Wilmington ,165,657 3,165,657 3,625,064 6,693 7,664 3,625,064 6 HomeTrust Bank Asheville ,273,517 55,452 83,153 4,172 6,256 3,409,271 7 Southern Bank and Trust Company Mount Olive ,352,935 38,573 43,018 4,172 4,653 2,624,103 8 Fidelity Bank Fuquay-Varina ,717,301 29,609 33,265 4,003 4,497 1,929,369 9 Entegra Bank Franklin ,225,622 64,506 86,085 4,346 5,800 1,635, Select Bank & Trust Company Dunn ,015,376 56,410 69,880 4,953 6,136 1,257, Peoples Bank Newton ,902 43,945 54,592 2,631 3,269 1,091, Piedmont Federal Savings Bank Winston-Salem ,577 66,758 90,336 5,856 7, , North State Bank Raleigh , , ,908 4,462 4, , Union Bank Greenville ,369 41,825 49,692 4,546 5, , Uwharrie Bank Albemarle ,774 56,877 63,008 3,426 3, , Farmers & Merchants Bank Salisbury ,788 48,617 55,351 4,571 5, , First Carolina Bank Rocky Mount , , ,120 12,128 13, , Carolina Trust Bank Lincolnton ,739 44,860 52,770 4,695 5, , Aquesta Bank Cornelius ,204 45,743 65,712 4,053 5, , Providence Bank Rocky Mount ,096 69,819 90,469 7,124 9, , Bank of Oak Ridge Oak Ridge ,031 95, ,447 5,633 6, , KS Bank, Inc. Smithfield ,772 33,077 40,016 4,034 4, , First Federal Savings Bank of Lincolnton Lincolnton ,404 74,101 95,359 6,306 8, , Lumbee Guaranty Bank Pembroke ,378 20,670 24,055 3,078 3, , Surrey Bank & Trust Mount Airy ,234 37,176 44,164 3,424 4, , Lifestore Bank (MHC) West Jefferson ,831 44,166 57,611 2,984 3, , Sound Bank Morehead City ,678 47,336 54,109 5,260 6, , Mechanics and Farmers Bank Durham ,161 29,145 32,121 3,480 3, , Roxboro Savings Bank, SSB Roxboro ,016 84, ,767 5,634 7, , blueharbor bank Mooresville ,706 44,427 53,521 6,582 7, , First Federal Bank Dunn ,443 23,349 26,297 3,143 3, , Nantahala Bank & Trust Company Franklin ,481 43,494 51,044 2,965 3, , Alliance Bank & Trust Company Gastonia ,175 32,794 35,832 4,231 4, , Coastal Bank & Trust Jacksonville ,686 45,843 54,832 3,667 4, , Wake Forest Federal Savings and Loan Association (MHC) Wake Forest ,822 79, ,301 9,978 13, , Taylorsville Savings Bank, SSB Taylorsville ,049 29,683 34,466 2,873 3, , Belmont Federal Savings and Loan Association Belmont ,574 72,574 91,457 7,257 9,146 91, Morganton Savings Bank, S.S.B. Morganton ,254 53,254 89,694 5,917 9,966 89, First Capital Bank Laurinburg ,537 34,269 44,426 1,958 2,539 88, Roanoke Rapids Savings Bank, SSB Roanoke Rapids ,996 56,996 75,981 3,166 4,221 75, New Republic Savings Bank Roanoke Rapids ,749 24,875 32,612 3,317 4,348 65, First Savings and Loan Association Mebane ,056 40,056 53,082 6,676 8,847 53, Tarboro Savings Bank, SSB Tarboro ,477 40,477 47,551 5,060 5,944 47, Black Mountain Savings Bank, SSB Black Mountain ,516 34,516 40,502 6,903 8,100 40, Jackson Savings Bank, SSB Sylva ,684 12,842 16,257 2,854 3,613 32, Hertford Savings Bank, SSB Hertford ,894 10,894 13,085 3,631 4,362 13,085 7

8 North Carolina Net Interest Margin Ranking Rank Company Name City Yield on Loans Loan Growth Rate Cost of Funds Deposit Growth Rate Loans/ Deposits Yield on Investment Securities (FTE) 1 First Capital Bank Laurinburg 88, NA Surrey Bank & Trust Mount Airy 309, Peoples Bank Newton 1,091, (3.25) Farmers & Merchants Bank Salisbury 608, Morganton Savings Bank, S.S.B. Morganton 89, (0.34) Select Bank & Trust Company Dunn 1,257, Sound Bank Morehead City 270, North State Bank Raleigh 895, Hertford Savings Bank, SSB Hertford 13, Lumbee Guaranty Bank Pembroke 336, First Bank Southern Pines 5,865, Providence Bank Rocky Mount 452, Taylorsville Savings Bank, SSB Taylorsville 103, Roanoke Rapids Savings Bank, SSB Roanoke Rapids 75, Alliance Bank & Trust Company Gastonia 143, (2.97) Carolina Trust Bank Lincolnton 474, Southern Bank and Trust Company Mount Olive 2,624, Union Bank Greenville 745, New Republic Savings Bank Roanoke Rapids 65, NA Coastal Bank & Trust Jacksonville 109, (3.48) Bank of Oak Ridge Oak Ridge 449, blueharbor bank Mooresville 214, First Federal Savings Bank of Lincolnton Lincolnton 381, (3.98) Uwharrie Bank Albemarle 630, Live Oak Banking Company Wilmington 3,625, Fidelity Bank Fuquay-Varina 1,929, Tarboro Savings Bank, SSB Tarboro 47, First-Citizens Bank & Trust Company Raleigh 35,267, Nantahala Bank & Trust Company Franklin 153, (0.82) First Savings and Loan Association Mebane 53, KS Bank, Inc. Smithfield 400, Lifestore Bank (MHC) West Jefferson 288, (0.31) Aquesta Bank Cornelius 459, First Federal Bank Dunn 184, Wake Forest Federal Savings and Loan Association (MHC) Wake Forest 104, HomeTrust Bank Asheville 3,409, Mechanics and Farmers Bank Durham 256, Entegra Bank Franklin 1,635, Branch Banking and Trust Company Winston-Salem 219,071, Jackson Savings Bank, SSB Sylva 32, (1.65) NA Roxboro Savings Bank, SSB Roxboro 223, (0.54) Bank of America, National Association Charlotte 1,782,639, Black Mountain Savings Bank, SSB Black Mountain 40, NA Belmont Federal Savings and Loan Association Belmont 91, (3.78) First Carolina Bank Rocky Mount 504, Piedmont Federal Savings Bank Winston-Salem 903, Net Interest Margin 8

9 North Carolina Noninterest Income Ranking Rank Company Name City Net Income Service Charges on Deposits/ Avg Gain on Sale of Loans/ Avg Net Servicing Fees/ Avg Net Gains on OREO/ Avg Noninterest Income 1 Live Oak Banking Company Wilmington 3,625,064 77, , Branch Banking and Trust Company Winston-Salem 219,071,000 3,233, ,368, North State Bank Raleigh 895,358 11, , First-Citizens Bank & Trust Company Raleigh 35,267, , (0.01) 540, Bank of America, National Association Charlotte 1,782,639,000 29,223, ,394, Peoples Bank Newton 1,091,849 14, , Uwharrie Bank Albemarle 630,082 3, , Farmers & Merchants Bank Salisbury 608,865 8, (0.04) 6, First Bank Southern Pines 5,865,282 92, (0.01) 62, Lifestore Bank (MHC) West Jefferson 288,053 2, , Sound Bank Morehead City 270, , Fidelity Bank Fuquay-Varina 1,929,369 24, , Surrey Bank & Trust Mount Airy 309,150 5, (0.05) , Southern Bank and Trust Company Mount Olive 2,624,103 31, (0.01) 22, Mechanics and Farmers Bank Durham 256, , KS Bank, Inc. Smithfield 400,164 4, , Bank of Oak Ridge Oak Ridge 449,787 4, , Lumbee Guaranty Bank Pembroke 336,770 3, (0.02) 2, HomeTrust Bank Asheville 3,409,271 29, (0.01) 21, Aquesta Bank Cornelius 459,985 3, (0.01) 2, First Federal Bank Dunn 184, , Taylorsville Savings Bank, SSB Taylorsville 103, Entegra Bank Franklin 1,635,609 14, (0.01) 7, Nantahala Bank & Trust Company Franklin 153, Union Bank Greenville 745,385 6, , Roxboro Savings Bank, SSB Roxboro 223,533 1, Roanoke Rapids Savings Bank, SSB Roanoke Rapids 75,981 (12) (0.09) blueharbor bank Mooresville 214,082 2, Coastal Bank & Trust Jacksonville 109, (0.11) Select Bank & Trust Company Dunn 1,257,836 14, (0.01) 3, Carolina Trust Bank Lincolnton 474,934 4, (0.07) 1, Morganton Savings Bank, S.S.B. Morganton 89, (0.02) Alliance Bank & Trust Company Gastonia 143,329 1, First Savings and Loan Association Mebane 53, Providence Bank Rocky Mount 452,347 5, First Capital Bank Laurinburg 88,851 (63) Tarboro Savings Bank, SSB Tarboro 47, Hertford Savings Bank, SSB Hertford 13, First Carolina Bank Rocky Mount 504,359 3, Jackson Savings Bank, SSB Sylva 32, Black Mountain Savings Bank, SSB Black Mountain 40, Wake Forest Federal Savings and Loan Association (MHC) Wake Forest 104,301 1, Piedmont Federal Savings Bank Winston-Salem 903,360 2, Belmont Federal Savings and Loan Association Belmont 91, New Republic Savings Bank Roanoke Rapids 65, (0.24) First Federal Savings Bank of Lincolnton Lincolnton 381,436 4, (0.06) NonInterest Income/ Avg 9

10 North Carolina Overhead Ranking Rank Company Name City Efficiency Ratio (FTE) Employees Number of Offices Personnel Expense/ Avg. Occupancy Expense/ Avg. Other Expense/ Avg. 1 Wake Forest Federal Savings and Loan Association (MHC) Wake Forest 104, First Carolina Bank Rocky Mount 504, Providence Bank Rocky Mount 452, Bank of America, National Association Charlotte 1,782,639, ,502 4, Piedmont Federal Savings Bank Winston-Salem 903, Roxboro Savings Bank, SSB Roxboro 223, First Federal Savings Bank of Lincolnton Lincolnton 381, Entegra Bank Franklin 1,635, Tarboro Savings Bank, SSB Tarboro 47, blueharbor bank Mooresville 214, Jackson Savings Bank, SSB Sylva 32, HomeTrust Bank Asheville 3,409, Belmont Federal Savings and Loan Association Belmont 91, Select Bank & Trust Company Dunn 1,257, First Bank Southern Pines 5,865, , Union Bank Greenville 745, Fidelity Bank Fuquay-Varina 1,929, Carolina Trust Bank Lincolnton 474, Black Mountain Savings Bank, SSB Black Mountain 40, Southern Bank and Trust Company Mount Olive 2,624, Branch Banking and Trust Company Winston-Salem 219,071, ,401 1, Aquesta Bank Cornelius 459, Surrey Bank & Trust Mount Airy 309, KS Bank, Inc. Smithfield 400, Morganton Savings Bank, S.S.B. Morganton 89, Lifestore Bank (MHC) West Jefferson 288, Hertford Savings Bank, SSB Hertford 13, First Savings and Loan Association Mebane 53, Bank of Oak Ridge Oak Ridge 449, Lumbee Guaranty Bank Pembroke 336, Farmers & Merchants Bank Salisbury 608, First-Citizens Bank & Trust Company Raleigh 35,267, , Coastal Bank & Trust Jacksonville 109, First Federal Bank Dunn 184, Alliance Bank & Trust Company Gastonia 143, Nantahala Bank & Trust Company Franklin 153, Taylorsville Savings Bank, SSB Taylorsville 103, Sound Bank Morehead City 270, New Republic Savings Bank Roanoke Rapids 65, Mechanics and Farmers Bank Durham 256, Peoples Bank Newton 1,091, Live Oak Banking Company Wilmington 3,625, Uwharrie Bank Albemarle 630, Roanoke Rapids Savings Bank, SSB Roanoke Rapids 75, North State Bank Raleigh 895, First Capital Bank Laurinburg 88, Overhead/ Avg. 10

11 North Carolina Asset Quality Ranking Rank Company Name City Gross Loans Loan Loss Reserves/ Gross Loans Adj 30-89PD/ Gross Loans Adj 90+PD/ Gross Loans Adj NPLs + Adj OREO/ Gross Loans Net Chargeoffs/ Avg Loans 1 Black Mountain Savings Bank, SSB Black Mountain 40,502 28, First Carolina Bank Rocky Mount 504, , Wake Forest Federal Savings and Loan Association (MHC) Wake Forest 104,301 64, Piedmont Federal Savings Bank Winston-Salem 903, , Sound Bank Morehead City 270, , (0.01) Aquesta Bank Cornelius 459, , North State Bank Raleigh 895, , Providence Bank Rocky Mount 452, , Union Bank Greenville 745, , Bank of Oak Ridge Oak Ridge 449, , Carolina Trust Bank Lincolnton 474, , blueharbor bank Mooresville 214, , Belmont Federal Savings and Loan Association Belmont 91,457 68, Southern Bank and Trust Company Mount Olive 2,624,103 1,709, Branch Banking and Trust Company Winston-Salem 219,071, ,545, HomeTrust Bank Asheville 3,409,271 2,642, (0.01) Fidelity Bank Fuquay-Varina 1,929,369 1,139, First Bank Southern Pines 5,865,282 4,253, (0.03) First-Citizens Bank & Trust Company Raleigh 35,267,496 25,570, Peoples Bank Newton 1,091, , Surrey Bank & Trust Mount Airy 309, , Select Bank & Trust Company Dunn 1,257, , Uwharrie Bank Albemarle 630, , New Republic Savings Bank Roanoke Rapids 65,224 55, Coastal Bank & Trust Jacksonville 109,663 71, First Federal Bank Dunn 184, , (0.01) Live Oak Banking Company Wilmington 3,625,064 2,542, Entegra Bank Franklin 1,635,609 1,083, Bank of America, National Association Charlotte 1,782,639, ,859, Lifestore Bank (MHC) West Jefferson 288, , First Federal Savings Bank of Lincolnton Lincolnton 381, , (0.01) KS Bank, Inc. Smithfield 400, , First Capital Bank Laurinburg 88,851 67, (0.28) First Savings and Loan Association Mebane 53,082 33, Alliance Bank & Trust Company Gastonia 143,329 97, Roxboro Savings Bank, SSB Roxboro 223, , Roanoke Rapids Savings Bank, SSB Roanoke Rapids 75,981 43, Mechanics and Farmers Bank Durham 256, , (0.10) Tarboro Savings Bank, SSB Tarboro 47,551 37, Morganton Savings Bank, S.S.B. Morganton 89,694 57, (0.06) Jackson Savings Bank, SSB Sylva 32,513 26, Farmers & Merchants Bank Salisbury 608, , Taylorsville Savings Bank, SSB Taylorsville 103,397 85, Lumbee Guaranty Bank Pembroke 336, , Hertford Savings Bank, SSB Hertford 13,085 9, Nantahala Bank & Trust Company Franklin 153, , Asset Quality Composite 11

12 North Carolina Return on Average Equity Ranking Rank Company Name City LTM Net Income Employees LTM Net Income / Employee 2017Q4 LTM Net Income 2016Q4 LTM Net Income 1 Live Oak Banking Company Wilmington 3,625,064 77, ,004 21, Bank of America, National Association Charlotte 1,782,639,000 29,223, , ,184,000 19,684, Farmers & Merchants Bank Salisbury 608,865 8, ,478 3, First-Citizens Bank & Trust Company Raleigh 35,267, ,585 6, , , Southern Bank and Trust Company Mount Olive 2,624,103 31, ,727 13, Providence Bank Rocky Mount 452,347 5, ,629 2, Fidelity Bank Fuquay-Varina 1,929,369 24, ,002 10, First Bank Southern Pines 5,865,282 92,575 1, ,939 29, Surrey Bank & Trust Mount Airy 309,150 5, ,097 3, KS Bank, Inc. Smithfield 400,164 4, ,330 2, North State Bank Raleigh 895,358 11, ,329 12, Branch Banking and Trust Company Winston-Salem 219,071,000 3,233,000 33, ,405,000 2,378, Peoples Bank Newton 1,091,849 14, ,110 9, Bank of Oak Ridge Oak Ridge 449,787 4, ,316 2, Aquesta Bank Cornelius 459,985 3, ,978 2, Lifestore Bank (MHC) West Jefferson 288,053 2, ,838 1, Select Bank & Trust Company Dunn 1,257,836 14, ,043 7, Carolina Trust Bank Lincolnton 474,934 4, ,170 1, Alliance Bank & Trust Company Gastonia 143,329 1, blueharbor bank Mooresville 214,082 2, ,328 1, Union Bank Greenville 745,385 6, ,653 3, Entegra Bank Franklin 1,635,609 14, ,184 6, Lumbee Guaranty Bank Pembroke 336,770 3, ,856 2, First Carolina Bank Rocky Mount 504,359 3, HomeTrust Bank Asheville 3,409,271 29, , First Federal Savings Bank of Lincolnton Lincolnton 381,436 4, ,672 2, Uwharrie Bank Albemarle 630,082 3, ,364 3, Wake Forest Federal Savings and Loan Association (MHC) Wake Forest 104,301 1, , Roxboro Savings Bank, SSB Roxboro 223,533 1, ,144 2, Hertford Savings Bank, SSB Hertford 13, Tarboro Savings Bank, SSB Tarboro 47, Coastal Bank & Trust Jacksonville 109, , Taylorsville Savings Bank, SSB Taylorsville 103, Mechanics and Farmers Bank Durham 256, (2,468) (3,731) Sound Bank Morehead City 270, , Jackson Savings Bank, SSB Sylva 32, First Federal Bank Dunn 184, (475) Black Mountain Savings Bank, SSB Black Mountain 40, Nantahala Bank & Trust Company Franklin 153, Morganton Savings Bank, S.S.B. Morganton 89, (322) First Savings and Loan Association Mebane 53, Piedmont Federal Savings Bank Winston-Salem 903,360 2, ,089 2, New Republic Savings Bank Roanoke Rapids 65, Belmont Federal Savings and Loan Association Belmont 91, Roanoke Rapids Savings Bank, SSB Roanoke Rapids 75,981 (12) 18 (1) (95) 89 (0.02) (0.12) 46 First Capital Bank Laurinburg 88,851 (63) 35 (2) (0.08) (0.31) ROAA ROAE 12

13 North Carolina Overall Ranking Rank Company Name City Net Interest Margin Rank 13 Noninterest Income Rank Overhead Rank 1 First Bank Southern Pines 5,865, Providence Bank Rocky Mount 452, Surrey Bank & Trust Mount Airy 309, Southern Bank and Trust Company Mount Olive 2,624, North State Bank Raleigh 895, Fidelity Bank Fuquay-Varina 1,929, Bank of America, National Association Charlotte 1,782,639, Peoples Bank Newton 1,091, First-Citizens Bank & Trust Company Raleigh 35,267, Farmers & Merchants Bank Salisbury 608, Union Bank Greenville 745, Branch Banking and Trust Company Winston-Salem 219,071, Select Bank & Trust Company Dunn 1,257, Bank of Oak Ridge Oak Ridge 449, blueharbor bank Mooresville 214, Carolina Trust Bank Lincolnton 474, Aquesta Bank Cornelius 459, Sound Bank Morehead City 270, Live Oak Banking Company Wilmington 3,625, HomeTrust Bank Asheville 3,409, Wake Forest Federal Savings and Loan Association (MHC) Wake Forest 104, First Carolina Bank Rocky Mount 504, KS Bank, Inc. Smithfield 400, Lifestore Bank (MHC) West Jefferson 288, Entegra Bank Franklin 1,635, Uwharrie Bank Albemarle 630, Lumbee Guaranty Bank Pembroke 336, First Federal Savings Bank of Lincolnton Lincolnton 381, Alliance Bank & Trust Company Gastonia 143, Coastal Bank & Trust Jacksonville 109, Roxboro Savings Bank, SSB Roxboro 223, Piedmont Federal Savings Bank Winston-Salem 903, Black Mountain Savings Bank, SSB Black Mountain 40, Morganton Savings Bank, S.S.B. Morganton 89, Tarboro Savings Bank, SSB Tarboro 47, Taylorsville Savings Bank, SSB Taylorsville 103, Hertford Savings Bank, SSB Hertford 13, First Federal Bank Dunn 184, Belmont Federal Savings and Loan Association Belmont 91, First Capital Bank Laurinburg 88, Mechanics and Farmers Bank Durham 256, Jackson Savings Bank, SSB Sylva 32, First Savings and Loan Association Mebane 53, Roanoke Rapids Savings Bank, SSB Roanoke Rapids 75, New Republic Savings Bank Roanoke Rapids 65, Nantahala Bank & Trust Company Franklin 153, Asset Quality Rank ROAE Rank Overall Rank

14 3290 Northside Parkway NW, Suite 800 Atlanta, GA (404) East Morehead Street, Suite 250 Charlotte, NC (704)