Rank The Banks. North Carolina 2018 Q3

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1 Rank The Banks North Carolina 2018 Q3

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) Mark Saunders Managing Director (404) Jeff Adams Managing Director (404) Will Brackett Senior Vice President (404) Drew Taylor Senior Associate (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 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 2017Q3 LTM Net Income 2016Q3 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 September 30, 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 27.5% corporate tax rate (The corporate tax rate is calculated using the average of a 35% corporate tax rate for quarters in 2017 and a 25% corporate tax rate for quarters in 2018) 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 As usual, this quarter s BSP Rank The Banks utilizes only reported numbers per call reports filed by the institutions with regulators. LTM figures for some companies in this report may include material one-time charges incurred in the fourth quarter of 2017 primarily related to the change in tax laws 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 150, Aquesta Bank Cornelius Aquesta Financial Holdings, Inc. 8/1/ No 456, Bank of America, National Association Charlotte Bank of America Corp. 10/17/1904 4, ,204 No 1,797,881, Bank of Oak Ridge Oak Ridge Oak Ridge Financial Services, Inc. 4/10/ No 437, Belmont Federal Savings and Loan Association Belmont 1/1/ No 93, Black Mountain Savings Bank, SSB Black Mountain 4/4/ No 40, blueharbor bank Mooresville 1/8/ No 208, Branch Banking and Trust Company Winston-Salem BB&T Corporation 1/1/1872 1,966 33,800 No 216,129, Carolina Trust Bank Lincolnton Carolina Trust BancShares, Inc. 12/8/ No 464, Coastal Bank & Trust Jacksonville 4/13/ No 103, Entegra Bank Franklin Entegra Financial Corp. 1/1/ No 1,668, Farmers & Merchants Bank Salisbury F & M Financial Corporation 7/13/ No 629, Fidelity Bank Fuquay-Varina Fidelity BancShares (N.C.), Inc. 8/10/ No 1,952, First Bank Southern Pines First Bancorp 8/23/ ,108 No 5,712, First Capital Bank Laurinburg First Capital Bancshares, Inc. 9/27/ No 85,899 (0.12) (0.49) First Carolina Bank Rocky Mount First Carolina Financial Services, Inc. 11/29/ No 436, First Federal Bank Dunn First Federal Financial Corporation 1/1/ No 188,352 (0.19) (1.78) First Federal Savings Bank of Lincolnton Lincolnton 2/1/ No 386, First Savings and Loan Association Mebane 1/1/ No 49, First-Citizens Bank & Trust Company Raleigh First Citizens BancShares, Inc. 3/1/ ,486 No 34,837, Hertford Savings Bank, SSB Hertford 1/1/ No 13, HomeTrust Bank Asheville HomeTrust Bancshares, Inc. 1/1/ No 3,349, Jackson Savings Bank, SSB Sylva 1/1/ No 32, KS Bank, Inc. Smithfield KS Bancorp, Inc. 4/28/ No 389, Lifestore Bank (MHC) West Jefferson AsheCo MHC, Inc. 1/1/ No 282, Live Oak Banking Company Wilmington Live Oak Bancshares, Inc. 5/12/ No 3,396, Lumbee Guaranty Bank Pembroke 12/22/ No 340, Mechanics and Farmers Bank Durham M&F Bancorp, Inc. 8/1/ No 262,050 (0.75) (10.25) Morganton Savings Bank, S.S.B. Morganton 1/1/ No 80,300 (0.19) (0.65) Nantahala Bank & Trust Company Franklin 10/4/ No 155,748 (0.09) (1.59) New Republic Savings Bank Roanoke Rapids 12/15/ No 67,076 (0.04) (0.38) North State Bank Raleigh North State Bancorp 6/1/ Yes 880, Peoples Bank Newton Peoples Bancorp of North Carolina, Inc. 1/1/ No 1,098, Piedmont Federal Savings Bank Winston-Salem 1/1/ No 891, Providence Bank Rocky Mount PB Financial Corporation 3/14/ No 440, Roanoke Rapids Savings Bank, SSB Roanoke Rapids 1/1/ No 45, Roxboro Savings Bank, SSB Roxboro 1/1/ No 220, Select Bank & Trust Company Dunn Select Bancorp, Inc. 5/24/ No 1,251, Sound Bank Morehead City West Town Bancorp, Inc. 9/4/ No 219, Southern Bank and Trust Company Mount Olive Southern BancShares (N.C.), Inc. 1/1/ No 2,594, Surrey Bank & Trust Mount Airy Surrey Bancorp 7/22/ No 309, Tarboro Savings Bank, SSB Tarboro 9/22/ No 46, Taylorsville Savings Bank, SSB Taylorsville 4/1/ No 100, Union Bank Greenville 11/9/ No 731, Uwharrie Bank Albemarle Uwharrie Capital Corp 1/26/ No 635, Wake Forest Federal Savings and Loan Association (MHC) Wake Forest Wake Forest Bancorp, M.H.C. 1/1/ No 103, 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 137,204 4,449 1,435,687, , ,109 10,464 13,104 1,797,881,000 2 Branch Banking and Trust Company Winston-Salem 33,800 1, ,944,000 81, ,933 4,762 6, ,129,000 3 First-Citizens Bank & Trust Company Raleigh 6, ,192,727 54,896 63,342 4,655 5,371 34,837,981 4 First Bank Southern Pines 1, ,530,783 44,419 56,006 4,089 5,156 5,712,628 5 Live Oak Banking Company Wilmington ,948,725 2,948,725 3,396,496 6,156 7,091 3,396,496 6 HomeTrust Bank Asheville ,233,243 54,469 81,683 4,246 6,367 3,349,014 7 Southern Bank and Trust Company Mount Olive ,315,980 37,967 42,529 4,158 4,658 2,594,248 8 Fidelity Bank Fuquay-Varina ,735,849 29,928 33,666 4,037 4,541 1,952,611 9 Entegra Bank Franklin ,260,036 66,318 87,816 4,468 5,917 1,668, Select Bank & Trust Company Dunn ,009,137 56,063 69,509 5,175 6,416 1,251, Peoples Bank Newton ,176 44,809 54,943 2,675 3,280 1,098, Piedmont Federal Savings Bank Winston-Salem ,108 65,411 89,130 5,543 7, , North State Bank Raleigh , , ,838 4,073 4, , Union Bank Greenville ,809 40,787 48,758 4,106 4, , Uwharrie Bank Albemarle ,616 57,562 63,520 3,406 3, , Farmers & Merchants Bank Salisbury ,567 50,415 57,202 4,583 5, , Carolina Trust Bank Lincolnton ,699 43,967 51,648 4,711 5, , Aquesta Bank Cornelius ,583 48,226 65,264 4,168 5, , Providence Bank Rocky Mount ,514 70,503 88,156 7,344 9, , Bank of Oak Ridge Oak Ridge ,600 92, ,480 5,546 6, , First Carolina Bank Rocky Mount , , ,564 9,607 10, , KS Bank, Inc. Smithfield ,017 32,002 38,934 4,000 4, , First Federal Savings Bank of Lincolnton Lincolnton ,483 77,121 96,608 6,706 8, , Lumbee Guaranty Bank Pembroke ,105 21,079 24,314 3,011 3, , Surrey Bank & Trust Mount Airy ,667 37,238 44,282 3,385 4, , Lifestore Bank (MHC) West Jefferson ,229 43,246 56,505 2,922 3, , Mechanics and Farmers Bank Durham ,871 29,859 32,756 3,412 3, , Roxboro Savings Bank, SSB Roxboro ,401 83, ,497 5,580 7, , Sound Bank Morehead City ,418 36,084 43,821 3,759 4, , blueharbor bank Mooresville ,711 43,428 52,118 6,434 7, , First Federal Bank Dunn ,422 24,060 26,907 3,008 3, , Nantahala Bank & Trust Company Franklin ,175 45,725 51,916 3,048 3, , Alliance Bank & Trust Company Gastonia ,509 34,877 37,748 4,500 4, , Wake Forest Federal Savings and Loan Association (MHC) Wake Forest ,863 78, ,847 9,858 12, , Coastal Bank & Trust Jacksonville ,729 42,865 51,790 3,897 4, , Taylorsville Savings Bank, SSB Taylorsville ,626 29,542 33,630 2,954 3, , Belmont Federal Savings and Loan Association Belmont ,414 74,414 93,413 7,441 9,341 93, First Capital Bank Laurinburg ,322 32,661 42,950 2,252 2,962 85, Morganton Savings Bank, S.S.B. Morganton ,753 53,753 80,300 5,973 8,922 80, New Republic Savings Bank Roanoke Rapids ,582 25,791 33,538 3,034 3,946 67, First Savings and Loan Association Mebane ,192 36,192 49,384 6,032 8,231 49, Tarboro Savings Bank, SSB Tarboro ,669 39,669 46,753 4,959 5,844 46, Roanoke Rapids Savings Bank, SSB Roanoke Rapids ,834 34,834 45,674 2,322 3,045 45, Black Mountain Savings Bank, SSB Black Mountain ,365 34,365 40,425 6,873 8,085 40, Jackson Savings Bank, SSB Sylva ,146 13,073 16,483 2,905 3,663 32, Hertford Savings Bank, SSB Hertford ,915 10,915 13,148 2,729 3,287 13,148 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 85, NA Surrey Bank & Trust Mount Airy 309, Select Bank & Trust Company Dunn 1,251, Sound Bank Morehead City 219, Peoples Bank Newton 1,098, (0.86) Morganton Savings Bank, S.S.B. Morganton 80, Farmers & Merchants Bank Salisbury 629, (0.14) Hertford Savings Bank, SSB Hertford 13, Lumbee Guaranty Bank Pembroke 340, First Bank Southern Pines 5,712, Providence Bank Rocky Mount 440, New Republic Savings Bank Roanoke Rapids 67, NA Taylorsville Savings Bank, SSB Taylorsville 100, North State Bank Raleigh 880, Carolina Trust Bank Lincolnton 464, Alliance Bank & Trust Company Gastonia 150, (0.58) Union Bank Greenville 731, (2.30) Bank of Oak Ridge Oak Ridge 437, Southern Bank and Trust Company Mount Olive 2,594, Coastal Bank & Trust Jacksonville 103, (5.32) 0.36 (3.97) blueharbor bank Mooresville 208, Roanoke Rapids Savings Bank, SSB Roanoke Rapids 45, (12.76) First Savings and Loan Association Mebane 49, Tarboro Savings Bank, SSB Tarboro 46, First Federal Savings Bank of Lincolnton Lincolnton 386, KS Bank, Inc. Smithfield 389, Uwharrie Bank Albemarle 635, Nantahala Bank & Trust Company Franklin 155, Live Oak Banking Company Wilmington 3,396, Aquesta Bank Cornelius 456, Fidelity Bank Fuquay-Varina 1,952, First-Citizens Bank & Trust Company Raleigh 34,837, Lifestore Bank (MHC) West Jefferson 282, First Federal Bank Dunn 188, HomeTrust Bank Asheville 3,349, Mechanics and Farmers Bank Durham 262, (1.17) Entegra Bank Franklin 1,668, Wake Forest Federal Savings and Loan Association (MHC) Wake Forest 103, (4.13) Branch Banking and Trust Company Winston-Salem 216,129, (0.62) Jackson Savings Bank, SSB Sylva 32, (0.27) NA Black Mountain Savings Bank, SSB Black Mountain 40, NA Roxboro Savings Bank, SSB Roxboro 220, Belmont Federal Savings and Loan Association Belmont 93, (3.14) Bank of America, National Association Charlotte 1,797,881, (0.20) First Carolina Bank Rocky Mount 436, Piedmont Federal Savings Bank Winston-Salem 891, (2.43) 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 3,396, , , Branch Banking and Trust Company Winston-Salem 216,129,000 3,096, ,388, North State Bank Raleigh 880,868 11, , First-Citizens Bank & Trust Company Raleigh 34,837, , (0.01) 551, Bank of America, National Association Charlotte 1,797,881,000 26,226, ,971, Peoples Bank Newton 1,098,858 13, , Uwharrie Bank Albemarle 635,202 2, , Farmers & Merchants Bank Salisbury 629,217 7, (0.02) 7, First Bank Southern Pines 5,712,628 82, (0.01) 62, Lifestore Bank (MHC) West Jefferson 282,523 2, , Sound Bank Morehead City 219,107 1, , Fidelity Bank Fuquay-Varina 1,952,611 19, , Surrey Bank & Trust Mount Airy 309,974 3, (0.05) , Southern Bank and Trust Company Mount Olive 2,594,248 34, , KS Bank, Inc. Smithfield 389,338 3, , Mechanics and Farmers Bank Durham 262,050 (1,956) (0.01) 2, Bank of Oak Ridge Oak Ridge 437,918 4, , Lumbee Guaranty Bank Pembroke 340,395 2, (0.02) 2, HomeTrust Bank Asheville 3,349,014 10, , Aquesta Bank Cornelius 456,845 2, , First Federal Bank Dunn 188,352 (350) , Entegra Bank Franklin 1,668,497 7, (0.01) 7, Taylorsville Savings Bank, SSB Taylorsville 100, Coastal Bank & Trust Jacksonville 103,580 1, (0.09) Nantahala Bank & Trust Company Franklin 155,748 (127) (0.05) Union Bank Greenville 731,365 5, , Roanoke Rapids Savings Bank, SSB Roanoke Rapids 45, (0.10) Roxboro Savings Bank, SSB Roxboro 220,994 1, Carolina Trust Bank Lincolnton 464,828 2, (0.07) 1, blueharbor bank Mooresville 208,470 1, (0.05) Select Bank & Trust Company Dunn 1,251,166 8, (0.02) 3, Morganton Savings Bank, S.S.B. Morganton 80,300 (153) Alliance Bank & Trust Company Gastonia 150,990 1, First Savings and Loan Association Mebane 49, Hertford Savings Bank, SSB Hertford 13, First Capital Bank Laurinburg 85,899 (91) (0.03) Tarboro Savings Bank, SSB Tarboro 46, Providence Bank Rocky Mount 440,780 4, (0.03) First Carolina Bank Rocky Mount 436,692 1, Black Mountain Savings Bank, SSB Black Mountain 40, Wake Forest Federal Savings and Loan Association (MHC) Wake Forest 103,847 1, First Federal Savings Bank of Lincolnton Lincolnton 386,433 3, (0.02) Piedmont Federal Savings Bank Winston-Salem 891,296 2, Belmont Federal Savings and Loan Association Belmont 93, Jackson Savings Bank, SSB Sylva 32, (0.01) New Republic Savings Bank Roanoke Rapids 67,076 (25) (0.60) (197) (0.31) 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 103, First Carolina Bank Rocky Mount 436, Providence Bank Rocky Mount 440, Bank of America, National Association Charlotte 1,797,881, ,204 4, Piedmont Federal Savings Bank Winston-Salem 891, Roxboro Savings Bank, SSB Roxboro 220, First Federal Savings Bank of Lincolnton Lincolnton 386, Tarboro Savings Bank, SSB Tarboro 46, blueharbor bank Mooresville 208, Entegra Bank Franklin 1,668, HomeTrust Bank Asheville 3,349, Jackson Savings Bank, SSB Sylva 32, Belmont Federal Savings and Loan Association Belmont 93, Union Bank Greenville 731, Fidelity Bank Fuquay-Varina 1,952, First Bank Southern Pines 5,712, , Black Mountain Savings Bank, SSB Black Mountain 40, Carolina Trust Bank Lincolnton 464, Aquesta Bank Cornelius 456, Southern Bank and Trust Company Mount Olive 2,594, Select Bank & Trust Company Dunn 1,251, Branch Banking and Trust Company Winston-Salem 216,129, ,800 1, Surrey Bank & Trust Mount Airy 309, KS Bank, Inc. Smithfield 389, First Savings and Loan Association Mebane 49, Morganton Savings Bank, S.S.B. Morganton 80, Hertford Savings Bank, SSB Hertford 13, Lifestore Bank (MHC) West Jefferson 282, Bank of Oak Ridge Oak Ridge 437, Farmers & Merchants Bank Salisbury 629, Lumbee Guaranty Bank Pembroke 340, First-Citizens Bank & Trust Company Raleigh 34,837, , Coastal Bank & Trust Jacksonville 103, Alliance Bank & Trust Company Gastonia 150, Sound Bank Morehead City 219, Taylorsville Savings Bank, SSB Taylorsville 100, Nantahala Bank & Trust Company Franklin 155, First Federal Bank Dunn 188, Peoples Bank Newton 1,098, Mechanics and Farmers Bank Durham 262, New Republic Savings Bank Roanoke Rapids 67, Roanoke Rapids Savings Bank, SSB Roanoke Rapids 45, Uwharrie Bank Albemarle 635, Live Oak Banking Company Wilmington 3,396, North State Bank Raleigh 880, First Capital Bank Laurinburg 85, 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 40,425 28, First Carolina Bank Rocky Mount 436, , Piedmont Federal Savings Bank Winston-Salem 891, , Wake Forest Federal Savings and Loan Association (MHC) Wake Forest 103,847 63, North State Bank Raleigh 880, , Bank of Oak Ridge Oak Ridge 437, , Aquesta Bank Cornelius 456, , Sound Bank Morehead City 219, , (0.04) Union Bank Greenville 731, , blueharbor bank Mooresville 208, , Southern Bank and Trust Company Mount Olive 2,594,248 1,716, Providence Bank Rocky Mount 440, , Peoples Bank Newton 1,098, , KS Bank, Inc. Smithfield 389, , (0.08) First Bank Southern Pines 5,712,628 4,197, (0.01) Branch Banking and Trust Company Winston-Salem 216,129, ,565, Carolina Trust Bank Lincolnton 464, , HomeTrust Bank Asheville 3,349,014 2,594, Live Oak Banking Company Wilmington 3,396,496 2,290, Belmont Federal Savings and Loan Association Belmont 93,413 67, Fidelity Bank Fuquay-Varina 1,952,611 1,137, First-Citizens Bank & Trust Company Raleigh 34,837,981 24,934, First Federal Savings Bank of Lincolnton Lincolnton 386, , Uwharrie Bank Albemarle 635, , New Republic Savings Bank Roanoke Rapids 67,076 56, Select Bank & Trust Company Dunn 1,251, , Entegra Bank Franklin 1,668,497 1,071, Coastal Bank & Trust Jacksonville 103,580 72, Bank of America, National Association Charlotte 1,797,881, ,607, First Federal Bank Dunn 188, , Surrey Bank & Trust Mount Airy 309, , Lifestore Bank (MHC) West Jefferson 282, , Roanoke Rapids Savings Bank, SSB Roanoke Rapids 45,674 31, Roxboro Savings Bank, SSB Roxboro 220, , Alliance Bank & Trust Company Gastonia 150,990 99, Tarboro Savings Bank, SSB Tarboro 46,753 35, Farmers & Merchants Bank Salisbury 629, , First Capital Bank Laurinburg 85,899 59, First Savings and Loan Association Mebane 49,384 31, Morganton Savings Bank, S.S.B. Morganton 80,300 53, (0.06) Taylorsville Savings Bank, SSB Taylorsville 100,890 83, Lumbee Guaranty Bank Pembroke 340, , Jackson Savings Bank, SSB Sylva 32,966 26, Mechanics and Farmers Bank Durham 262, , Hertford Savings Bank, SSB Hertford 13,148 9, Nantahala Bank & Trust Company Franklin 155, , Asset Quality Composite 11

12 North Carolina Return on Average Equity Ranking Rank Company Name City LTM Net Income Employees LTM Net Income / Employee 2017Q3 LTM Net Income 2016Q3 LTM Net Income 1 Live Oak Banking Company Wilmington 3,396, , ,318 22, Southern Bank and Trust Company Mount Olive 2,594,248 34, ,786 14, Bank of America, National Association Charlotte 1,797,881,000 26,226, , ,303,000 19,696, North State Bank Raleigh 880,868 11, ,304 8, First Bank Southern Pines 5,712,628 82,315 1, ,327 27, Branch Banking and Trust Company Winston-Salem 216,129,000 3,096,000 33, ,362,435 2,302, First-Citizens Bank & Trust Company Raleigh 34,837, ,827 6, , , Alliance Bank & Trust Company Gastonia 150,990 1, (586) Coastal Bank & Trust Jacksonville 103,580 1, Farmers & Merchants Bank Salisbury 629,217 7, ,852 3, Providence Bank Rocky Mount 440,780 4, ,097 2, Fidelity Bank Fuquay-Varina 1,952,611 19, ,149 9, Peoples Bank Newton 1,098,858 13, ,037 10, Bank of Oak Ridge Oak Ridge 437,918 4, ,237 2, Surrey Bank & Trust Mount Airy 309,974 3, ,670 3, KS Bank, Inc. Smithfield 389,338 3, ,928 2, Lifestore Bank (MHC) West Jefferson 282,523 2, ,875 1, Aquesta Bank Cornelius 456,845 2, ,552 2, blueharbor bank Mooresville 208,470 1, ,686 1, Union Bank Greenville 731,365 5, ,806 3, Lumbee Guaranty Bank Pembroke 340,395 2, ,305 2, Carolina Trust Bank Lincolnton 464,828 2, ,863 1, Select Bank & Trust Company Dunn 1,251,166 8, ,487 7, First Federal Savings Bank of Lincolnton Lincolnton 386,433 3, ,124 3, Hertford Savings Bank, SSB Hertford 13, First Carolina Bank Rocky Mount 436,692 1, , Tarboro Savings Bank, SSB Tarboro 46, Entegra Bank Franklin 1,668,497 7, ,798 6, Wake Forest Federal Savings and Loan Association (MHC) Wake Forest 103,847 1, Roxboro Savings Bank, SSB Roxboro 220,994 1, ,116 2, Sound Bank Morehead City 219,107 1, , Uwharrie Bank Albemarle 635,202 2, ,964 2, Taylorsville Savings Bank, SSB Taylorsville 100, HomeTrust Bank Asheville 3,349,014 10, ,562 12, First Savings and Loan Association Mebane 49, Black Mountain Savings Bank, SSB Black Mountain 40, Jackson Savings Bank, SSB Sylva 32, (35) Belmont Federal Savings and Loan Association Belmont 93, Piedmont Federal Savings Bank Winston-Salem 891,296 2, ,441 2, Roanoke Rapids Savings Bank, SSB Roanoke Rapids 45, (93) New Republic Savings Bank Roanoke Rapids 67,076 (25) 17 (1) (0.04) (0.38) 42 First Capital Bank Laurinburg 85,899 (91) 29 (3) (0.12) (0.49) 43 Morganton Savings Bank, S.S.B. Morganton 80,300 (153) 9 (17) 161 (41) (0.19) (0.65) 44 Nantahala Bank & Trust Company Franklin 155,748 (127) 45 (3) 309 (68) (0.09) (1.59) 45 First Federal Bank Dunn 188,352 (350) 56 (6) (0.19) (1.78) 46 Mechanics and Farmers Bank Durham 262,050 (1,956) 70 (28) (220) (3,617) (0.75) (10.25) 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 5,712, Southern Bank and Trust Company Mount Olive 2,594, North State Bank Raleigh 880, Providence Bank Rocky Mount 440, Peoples Bank Newton 1,098, Union Bank Greenville 731, Surrey Bank & Trust Mount Airy 309, Bank of Oak Ridge Oak Ridge 437, Bank of America, National Association Charlotte 1,797,881, Branch Banking and Trust Company Winston-Salem 216,129, blueharbor bank Mooresville 208, Sound Bank Morehead City 219, Fidelity Bank Fuquay-Varina 1,952, Farmers & Merchants Bank Salisbury 629, Aquesta Bank Cornelius 456, Live Oak Banking Company Wilmington 3,396, KS Bank, Inc. Smithfield 389, First-Citizens Bank & Trust Company Raleigh 34,837, Carolina Trust Bank Lincolnton 464, Select Bank & Trust Company Dunn 1,251, Wake Forest Federal Savings and Loan Association (MHC) Wake Forest 103, Coastal Bank & Trust Jacksonville 103, First Carolina Bank Rocky Mount 436, HomeTrust Bank Asheville 3,349, Lifestore Bank (MHC) West Jefferson 282, First Federal Savings Bank of Lincolnton Lincolnton 386, Lumbee Guaranty Bank Pembroke 340, Entegra Bank Franklin 1,668, Alliance Bank & Trust Company Gastonia 150, Tarboro Savings Bank, SSB Tarboro 46, Uwharrie Bank Albemarle 635, Black Mountain Savings Bank, SSB Black Mountain 40, Piedmont Federal Savings Bank Winston-Salem 891, Hertford Savings Bank, SSB Hertford 13, Roxboro Savings Bank, SSB Roxboro 220, Taylorsville Savings Bank, SSB Taylorsville 100, Morganton Savings Bank, S.S.B. Morganton 80, First Savings and Loan Association Mebane 49, Belmont Federal Savings and Loan Association Belmont 93, First Capital Bank Laurinburg 85, Roanoke Rapids Savings Bank, SSB Roanoke Rapids 45, New Republic Savings Bank Roanoke Rapids 67, First Federal Bank Dunn 188, Jackson Savings Bank, SSB Sylva 32, Nantahala Bank & Trust Company Franklin 155, Mechanics and Farmers Bank Durham 262, 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)