Pisgah Community Bank

Pisgah Community Bank is headquartered in Asheville and is the 91^st largest bank in the state of North Carolina. It is also the 7,020^th largest bank in the nation. It was established in 2008 and as of March of 2012, it had grown to 5 employees at 1 location. Pisgah Community Bank has a 1-star health rating.

Data for Q1 2012

Institution Statistics Pisgah Community Bank FDIC Certificate # 58701 BankRate Report View Year Established 2008 Employees 5 Primary Regulator FDIC Assets and Liabilities Assets $27.15 million Loans $15.77 million Deposits $26.46 million Equity Capital $598,000 Loan Loss Allowance $1.93 million Unbacked Noncurrent Loans $4.50 million Real Estate Owned $2.29 million Historic Data - March 2011 Assets $37.25 million Equity Capital $1.02 million Loan Loss Allowance $2.36 million Unbacked Noncurrent Loans $6.28 million Real Estate Owned $1.63 million Profit Margin - Quarterly Net Interest Margin 2.19% Return on Assets -8.21% Return on Equity -373.95% Interest Income $217,000

Institution Health Overall Score: 1 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Pisgah Community Bank had $6.8 million in non-current loans and owned real-estate with $2.53 million in equity and loan loss allowances on hand to cover it. This gives Pisgah Community Bank a Texas Ratio of 268.51% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Pisgah Community Bank held steady from 234.12% as of March 31, 2011 to 268.51% as of March 31, 2012, resulting in a negative change of 14.69%. This indicates that the balance sheet and financial strength for Pisgah Community Bank has held steady in recent periods. Deposit Growth In the past year, Pisgah Community Bank has decreased its total deposits by -$9.66 million, resulting in -26.73% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Pisgah Community Bank has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Pisgah Community Bank has $27.15 million in assets with $2.53 million in equity, resulting in a capitalization level of 9.32%, which is average.

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