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First NBC Bank Holding Company Announces 2013 Second Quarter Results

Deposits

Total deposits at June 30, 2013 were $2.5 billion, an increase of $131.0 million, or 5.5%, from March 31, 2013, and an increase of $245.1 million, or 10.8%, from December 31, 2012.

The following table sets forth the composition of the Company's deposits at the dates indicated.

         
  June 30, December 31, Increase/(Decrease)
(dollars in thousands) 2013 2012   Amount   Percent
Noninterest-bearing demand $ 250,623 $ 239,538 $ 11,085  5%
NOW accounts  568,198  437,542  130,656  30
Money market deposits  394,155  410,928  (16,773 )  (4 )
Savings deposits  49,032  45,295  3,737  8
Certificates of deposits  1,251,589  1,135,225  116,364  10
Total deposits $ 2,513,597 $ 2,268,528 $ 245,069  11%
         

Net Interest Income

Net interest income for the six month period ended June 30, 2013 totaled $38.9 million, an increase of $2.9 million, or 8.0%, from the six month period ended June 30, 2012. Net interest income for the second quarter of 2013 totaled $19.3 million, a decrease of $0.4 million, or 2.2%, from $19.7 million in the first quarter of 2013.

The Company's net interest margin was 3.03% for the six months ended June 30, 2013, 39 basis points lower than the six months ended June 30, 2012.

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