South Carolina Bank and Trust

Financial Highlights

Trend Analysis--Quarterly (click here for Annual Analysis)

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Balance Sheet ($000)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Loans Held for Investment, before Reserves	3,599,553	2,806,458	28.26	3,645,745	(5.07)
Loans Held for Sale, before Reserves	50,449	34,706	45.36	65,279	(90.87)
Loan Loss Reserve	72,946	81,962	(11.00)	76,510	(18.63)
Net Loans Receivable	3,577,056	2,759,202	29.64	3,634,514	(6.32)
Intangible Assets	124,667	73,926	68.64	125,686	(3.24)
Total Assets	5,141,929	4,046,343	27.08	5,136,313	0.44
Deposits	4,219,356	3,356,637	25.70	4,298,360	(7.35)
Debt, Senior and Subordinated	383,339	281,809	36.03	293,518	122.41
Common Equity	514,211	386,507	33.04	507,549	5.25
Total Shareholders' Equity	514,211	386,507	33.04	507,549	5.25
Shares Outstanding (actual)	17,017,904	14,052,177	21.11	16,937,464	1.90

Income Statement ($000)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Net Interest Income	53,801	39,038	37.82	47,912	49.17
Provision for Loan Losses	1,060	2,723	(61.07)	2,211	(208.23)
Noninterest Income	9,523	9,473	0.53	10,772	(46.38)
Noninterest Expense	44,478	35,123	26.63	40,587	38.35
Net Income Before Taxes	15,823	10,569	49.71	8,462	347.96
Provision for Taxes	5,174	3,541	46.12	2,552	410.97
Net Income	10,649	7,028	51.52	5,910	320.74

Per Share Items ($)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Book Value per Share	30.22	27.51	9.86	29.97	3.33
Tangible Book Value	22.89	22.24	2.90	22.55	6.12
Diluted EPS Before Extra	0.63	0.50	26.00	0.38	263.16
Diluted EPS After Extra	0.63	0.50	26.00	0.38	263.16
Dividends Declared	0.1800	0.1700	5.88	0.1800	0.00

Performance Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
ROAA	0.84	0.71	13	0.52	32
ROAE	8.45	7.37	108	5.22	323
Net Interest Margin	4.94	4.70	24	4.88	6
Loans / Deposits	85.31	83.61	170	84.82	49
Efficiency Ratio	72.37	71.83	54	80.95	(858)

Balance Sheet Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Tangible Equity/ Tangible Assets	7.76	7.87	(10)	7.62	14
Equity/ Assets	10.00	9.55	45	9.88	12

Asset Quality Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Nonperforming Assets/ Assets	1.49	2.26	(77)	1.58	(9)
Loan Loss Reserves/ Gross Loans	2.00	2.88	(89)	2.06	(6)
Loan Loss Reserves/ NPAs	74.41	84.18	(977)	76.44	(203)
Net Charge-offs/ Avg Loans	0.54	0.65	(11)	0.63	(8)

Regulatory Capital Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Tier 1 Capital Ratio	13.21	14.55	(134)	12.73	48

^† Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

*	Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.


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