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First NBC Bank Holding Company Announces 2013 Second Quarter Results

The following table sets forth the composition of the Company's loan portfolio as of the dates indicated.

  June 30, December 31, Increase/(Decrease)
(dollars in thousands) 2013 2012   Amount   Percent  
Construction $ 182,577 $ 168,544 $ 14,033  8%
Commercial real estate  1,075,276  988,994  86,282  9
Consumer real estate  108,712  103,516  5,196  5
Commercial  710,478  647,090  63,388  10
Consumer  17,150  14,073  3,077  22
Total loans $ 2,094,193 $ 1,922,217 $ 171,976  9%

Nonperforming assets totaled $23.4 million at June 30, 2013, a decrease of $5.9 million compared to March 31, 2013 and a decrease of $8.6 million compared to December 31, 2012. The ratio of total nonperforming assets to total assets was 0.78% at June 30, 2013, compared to 1.05% at March 31, 2013 and 1.20% at December 31, 2012.

The Company recorded net loan charge-offs of $0.1 million during the second quarter of 2013, compared to net loan charge-offs of $4.1 million and $0.7 million for the first quarter of 2013 and second quarter of 2012.

The ratio of allowance for loan losses to total loans was 1.32% at June 30, 2013, compared to 1.28% at March 31, 2013 and 1.40% at December 31, 2012.

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