Slide 1: Q2 Earnings Results
©\oactrust BANCORP,INC* Q2 Earnings Results August 1, 2011
Slide 2: Important Disclosures
Executing on Growth Opadctrust Important Disclosures BANCORP,INC Forward-Looking Statements These materials contain various forward-looking statements that are based on assumptions and describe our future plans and strategies and our expectations ‘These forward-looking statements are generally ident
Slide 3: Review of Q2 Results
Executing on Growth Opadctrust Review of Q2 Results BANCORP,INC © Solid earnings of $1.5 million for Q2 2011; up $0.8 million or 124% from Q1 2011; compares favorably against loss of $2.7 million for Q2 2010 © Netinterest income, before provision, declined by $148 thousand due to 7 basis points NIM
Slide 4: Earnings
Executing on Growth Opactrust Earnings SANCOR?, NC) Earnings Available to Common (6 thousands / annualized) ® =Q2 2011 quarter earnings of $1.5 million $4,000 -—____________________ 2.00% improved $0.8 million versus linked quarter results; first inerease after consecutive Stee Rar quarters of decli
Slide 5: Loans and yield
Executing on Growth Opdctrust Loans and yield BANCORP,INC> Outstanding Loan Balances femountsin$ millions, % ennuslized) © =Q2 2011 quarter end balance increased $750 5.00% after consecutive quarters of decline . 5.00% © Launch of CRE lending platform and re- $700 launch of SFR lending during Q2 pus
Slide 6: Deposits and cost of deposits
Executing on Growth Opdctrust Deposits and cost of deposits BANCORP,INC> Outstanding Deposit Balances femountsind millions, % ennuslized) $750 6.00% © =Q2 2011 ending deposit balance grew by $52 million from Q1 2011's $634 million to $686 million 5.00% — Growth from La Jolla (de novo) branch $700 ac
Slide 7: Net interest margin
Executing on Growth © pdctrust Net interest margin BANCORP,INC> © Netinterest margin for Q2 2011 declined Component of Net Interest Margin by 7 basis point or 1.9% versus prior linked eso {emountsinS milions/eennusied) oon quarter © = Resulted in $148 thousand decline in net interest income 5.00% ©
Slide 8: Non-interest income
Executing on Growth Opdctrust Non-interest income BANCORP,INC> Customer Service Fees © Q2 2011 non-interest income was $1.635 fomountsin$ thousends) million; compares favorably against QL S400 5 2011 non-interest income of $767 thousand $375 + ® Excluding gain on sale of securities, linked quarter n
Slide 9: Non-interest expense
Executing on Growth © pdctrust Non-interest expense BANCORP, INC: ® Non-interest expense declined by $817 Non-interest Expense femountsin$ thousends) thousand from $6.8 million during Q1 2011 to current quarter’s $6.0 million — difference is due to $890 thousand in change in control expenses booked
Slide 10: Credit quality and provision
‘S) F Ddc IRST trust Credit quality and provision BANCORP,INC> © Early delinquencies at lowest level during past 5 quarters © NPLs at lowest level during past 5 quarters ®@ REO increased as resolution activity matures © AlLLreflects the improvement in credit quality ® ALLLas % NPL held constant Allo
Slide 11: Credit metrics
Opdctrust Credit metrics BANCORP,INC> Improved asset quality Executing on Growth Early (30860) and Late (90+) Delinquencies Asset Quality Trends amounts in millions E ions) ER $40 8.0% + 30 7.0% 6.0% + $20 5.0% 4.0% $10 3.0% ‘ 2.0% $0 1.0% 30-59 60-89 90- ma210 S14. $8.8 $29.2 id azi0 | asio | asic
Slide 12: OREO
pdctrust OREO BANCORP, INC: © OREO rose to $15.0 million as of June 30, 2011 versus $6.4 million at March 31, 2011 © Growth in OREO was expected as Bank cleared out NPAs ® OREO balances concentrated in 4 assets totaling $7.4 million or 49% of total OREO; includes 3 construction/land loans that have
Slide 13: Capital
O\pdctrust Capital BANCORP, INC: © Strong capital position made stronger through $26 million common equity raise (completed at a 4.4% discount to market); FPTB’s tangible common equity to asset ratio now stands to 18.2% —_ FPTB maintains sufficient equity to support M&A activities and organicgrowth
Slide 14: Other items
‘S) FIRST pa ctrust Other items BANCORP,INC Executing on Growth Gateway merger Merger and integration activities are underway Preliminary meeting with OCC occurred — Submission of application on track FRB meeting scheduled for early August On track for Q4 close Q2 2011 Branch Openings Opened San Mar
Slide 15: Summary
Executing on Growth O)pactrust Summary BANCORP | NC: ——SS Y Delivering strong earnings while building for growth ¥ $1.5 millionin earnings in the Q2 2011, up $0.8 million from prior linked quarter ¥ Improved credit quality ¥ Improved quality of earnings ¥ Lending platforms produced $33 million of pr
Slide 16: Appendices
Appendices
Slide 17: Non-GAAP Financial Information
Executing on Growth Opadctrust Non-GAAP Financial Information BANCORP,INC This presentation contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States ("GAAP"). These non-GAAP financial measures include tan
Slide 18: Non-GAAP Financial Information (Continued)
© FIRS pa BANCORP,INC> T ctrust Non-GAAP Financial Information (Continued) The following table presents a reconciliation of core earnings to net income (dallars in thousands): Net income $ Less: Gain-on-sale of securities (net of tax) ‘Add: Non-core change of control payment (net of tax} ‘Add: Non-c