|        |
|--------|
|        |  |  |  |  |
|        |   |   |   |
|   |   | For immediate release: |
|   |   | October 30, 2015 |
|   |   |   |
|   |   | For more information: |
|   | David L. Nielsen, CFO, 980.819.6220 |
|   | investorrelations@community1.com |
|   |   |   |
|   | Kim M. Graham, 980.819.6278 |
|   | kim.graham@community1.com |

|         |                                                                                                                                                                                                   |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Core net income in 3Q 2015 was $2.9 million, or $0.12 per diluted share, an increase of 24% from core net income in 3Q 2014.  Net income in 3Q 2015 was $1.5 million, or $0.06 per diluted share. |

|         |                                                                                      |
|---------|--------------------------------------------------------------------------------------|
| • | Net income before tax was $4.9 million in 3Q 2015, an increase of 230% from 3Q 2014. |

|         |                                                                                                                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Loans grew at a 21% annualized rate in 3Q 2015, the 6th consecutive quarter of double digit annualized loan growth.  Organic loans, which exclude purchased residential mortgage pools, grew at a 28% annualized growth rate. |

|         |                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------|
| • | Year over year Charlotte MSA loan growth was 36%; Raleigh/Durham MSA loan growth was 124%; Greensboro/Winston Salem MSA loan growth was 5%. |

|         |                                                                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Deposits grew at a 9% annualized rate during 3Q 2015.  Low cost core deposits grew at a 5% annualized rate and noninterest-bearing deposits grew by $7.9 million, a 9% annualized rate. |

|         |                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------|
| • | Net interest income grew 9% from 3Q 2014 to $17.3 million.  Net interest margin was 3.37% in 3Q 2015, down 1 basis point from 3Q 2014. |

|         |                                                                                                                                                                                                                                                             |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Credit performance was strong during 3Q 2015, as nonperforming loans fell to 1.2% of total loans, net recovery of provision for loan losses was $0.1 million and the annualized 2015 year to date net charge-off rate was 11 basis points of average loans. |

|         |                                                                                             |
|---------|---------------------------------------------------------------------------------------------|
| • | Nonperforming assets fell 23% from a year ago and were 1.6% of total assets at quarter end. |

|         |                                                                                |
|---------|--------------------------------------------------------------------------------|
| • | Noninterest income grew 25% and core noninterest income grew 19% from 3Q 2014. |

|         |                                                                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Noninterest expenses were $2.6 million, or 13%, lower than 3Q 2014,  and core noninterest expenses, excluding nonrecurring items, were $0.5 million, or 3%, lower than 3Q 2014. |

----

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|                                                                                                                                 |
|---------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands, except per share data)                                                                                           | 3Q 2015 |   | 2Q 2015 |   | 1Q 2015 |   | 4Q 2014 |   | 3Q 2014 |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Income                                                                                                                 |   |   |   |   |   |   |   |   |   |
| Interest and fees on loans                                                                                                      | $ | 16,395 |  |   | $ | 16,006 |  |   | $ | 15,873 |  |   | $ | 15,871 |  |   | $ | 14,855 |  |
| Interest and dividends on investment securities                                                                                 | 3,219 |  |   | 3,116 |  |   | 3,224 |  |   | 3,242 |  |   | 3,400 |  |
| Other interest income                                                                                                           | 216 |  |   | 208 |  |   | 171 |  |   | 158 |  |   | 140 |  |
|                                                                                                                            | Total interest income | 19,830 |  |   | 19,330 |  |   | 19,268 |  |   | 19,271 |  |   | 18,395 |  |
| Interest Expense                                                                                                                |   |   |   |   |   |   |   |   |   |
| Deposits                                                                                                                        | 1,726 |  |   | 1,732 |  |   | 1,731 |  |   | 1,741 |  |   | 1,725 |  |
| Retail repurchase agreements                                                                                                    | 7 |  |   | 5 |  |   | 4 |  |   | 5 |  |   | 5 |  |
| Federal Home Loan Bank advances                                                                                                 | 507 |  |   | 488 |  |   | 469 |  |   | 516 |  |   | 521 |  |
| Other borrowed funds                                                                                                            | 280 |  |   | 278 |  |   | 290 |  |   | 288 |  |   | 296 |  |
|                                                                                                                            | Total interest expense | 2,520 |  |   | 2,503 |  |   | 2,494 |  |   | 2,550 |  |   | 2,547 |  |
| Net interest income before provision for loan losses                                                                            | 17,310 |  |   | 16,827 |  |   | 16,774 |  |   | 16,721 |  |   | 15,848 |  |
| Recovery of provision for loan losses                                                                                           | (64 | ) |   | (788 | ) |   | (1,137 | ) |   | (1,323 | ) |   | (1,679 | ) |
|                                                                                                                            | Net interest income after provision for loan losses | 17,374 |  |   | 17,615 |  |   | 17,911 |  |   | 18,044 |  |   | 17,527 |  |
| Noninterest Income                                                                                                              |   |   |   |   |   |   |   |   |   |
| Service charges on deposit accounts                                                                                             | 1,738 |  |   | 1,433 |  |   | 1,434 |  |   | 1,585 |  |   | 1,583 |  |
| Mortgage loan income                                                                                                            | 381 |  |   | 314 |  |   | 465 |  |   | 241 |  |   | 205 |  |
| Cardholder and merchant services income                                                                                         | 1,253 |  |   | 1,218 |  |   | 1,125 |  |   | 1,298 |  |   | 1,183 |  |
| Trust and investment services                                                                                                   | 376 |  |   | 403 |  |   | 322 |  |   | 394 |  |   | 344 |  |
| Bank owned life insurance                                                                                                       | 381 |  |   | 268 |  |   | 250 |  |   | 350 |  |   | 273 |  |
| Other service charges, commissions and fees                                                                                     | 477 |  |   | 421 |  |   | 383 |  |   | 366 |  |   | 290 |  |
| Securities gains, net                                                                                                           | — |  |   | — |  |   | — |  |   | 220 |  |   | 34 |  |
| Other income                                                                                                                    | 394 |  |   | 96 |  |   | 55 |  |   | 89 |  |   | 73 |  |
|                                                                                                                            | Total noninterest income | 5,000 |  |   | 4,153 |  |   | 4,034 |  |   | 4,543 |  |   | 3,985 |  |
| Noninterest Expense                                                                                                             |   |   |   |   |   |   |   |   |   |
| Personnel expense                                                                                                               | 9,984 |  |   | 10,462 |  |   | 10,594 |  |   | 10,717 |  |   | 12,616 |  |
| Net occupancy expense                                                                                                           | 1,591 |  |   | 1,211 |  |   | 1,469 |  |   | 1,526 |  |   | 1,521 |  |
| Furniture, equipment and data processing expense                                                                                | 2,113 |  |   | 1,875 |  |   | 1,989 |  |   | 2,078 |  |   | 2,208 |  |
| Professional fees                                                                                                               | 572 |  |   | 528 |  |   | 539 |  |   | 671 |  |   | 699 |  |
| Stationery, printing and supplies                                                                                               | 144 |  |   | 141 |  |   | 176 |  |   | 162 |  |   | 149 |  |
| Advertising and marketing                                                                                                       | 114 |  |   | 134 |  |   | 186 |  |   | 274 |  |   | 142 |  |
| Other real estate owned expense (recovery)                                                                                      | 556 |  |   | 506 |  |   | 360 |  |   | 572 |  |   | (29 | ) |
| Credit/debit card expense                                                                                                       | 558 |  |   | 498 |  |   | 543 |  |   | 568 |  |   | 520 |  |
| FDIC insurance                                                                                                                  | 413 |  |   | 456 |  |   | 453 |  |   | 422 |  |   | 412 |  |
| Loan collection expense                                                                                                         | (76 | ) |   | 313 |  |   | 300 |  |   | 170 |  |   | 198 |  |
| Core deposit intangible amortization                                                                                            | 370 |  |   | 352 |  |   | 352 |  |   | 351 |  |   | 352 |  |
| Other expense                                                                                                                   | 1,088 |  |   | 1,351 |  |   | 1,047 |  |   | 2,935 |  |   | 1,227 |  |
|                                                                                                                            | Total noninterest expense | 17,427 |  |   | 17,827 |  |   | 18,008 |  |   | 20,446 |  |   | 20,015 |  |
| Income before income taxes                                                                                                      | 4,947 |  |   | 3,941 |  |   | 3,937 |  |   | 2,141 |  |   | 1,497 |  |
| Income tax expense (benefit)                                                                                                    | 3,430 |  |   | 1,418 |  |   | 1,418 |  |   | (142,475 | ) |   | (276 | ) |
| Net Income                                                                                                                      | $ | 1,517 |  |   | $ | 2,523 |  |   | $ | 2,519 |  |   | $ | 144,616 |  |   | $ | 1,773 |  |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding - basic                                                                                     | 24,265 |  |   | 24,202 |  |   | 24,183 |  |   | 21,846 |  |   | 21,739 |  |
| Weighted average shares outstanding - diluted                                                                                   | 24,279 |  |   | 24,215 |  |   | 24,195 |  |   | 21,858 |  |   | 21,747 |  |
| Net income per share - basic                                                                                                    | $ | 0.06 |  |   | $ | 0.10 |  |   | $ | 0.10 |  |   | $ | 6.62 |  |   | $ | 0.08 |  |
| Net income per share - diluted                                                                                                  | 0.06 |  |   | 0.10 |  |   | 0.10 |  |   | 6.62 |  |   | 0.08 |  |
| Core net income per share - diluted 1                                                                                           | 0.12 |  |   | 0.10 |  |   | 0.10 |  |   | 0.11 |  |   | 0.11 |  |
| 1 Non-GAAP measure. See Quarterly Non-GAAP Measures table for reconciliation to the most directly comparable GAAP measure. |

----

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands)                              | 3Q 2015 |   | 2Q 2015 |   | 1Q 2015 |   | 4Q 2014 |   | 3Q 2014 |
|                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Assets                                      |   |   |   |   |   |   |   |   |   |
| Cash and due from banks                     | $ | 23,725 |  |   | $ | 24,892 |  |   | $ | 25,715 |  |   | $ | 29,202 |  |   | $ | 26,411 |  |
| Interest-bearing bank balances              | 4,281 |  |   | 6,094 |  |   | 22,218 |  |   | 66,680 |  |   | 33,669 |  |
| Investment securities:                      |   |   |   |   |   |   |   |   |   |
|                                        | Available-for-sale | 375,929 |  |   | 381,367 |  |   | 367,842 |  |   | 350,040 |  |   | 363,296 |  |
|                                        | Held-to-maturity | 152,670 |  |   | 156,648 |  |   | 140,559 |  |   | 142,461 |  |   | 144,684 |  |
| Loans held for sale                         | 4,089 |  |   | 2,767 |  |   | 7,571 |  |   | 2,796 |  |   | 2,268 |  |
| Loans held for investment                   | 1,522,455 |  |   | 1,445,853 |  |   | 1,395,911 |  |   | 1,357,788 |  |   | 1,318,117 |  |
|                                        | Less:  Allowance for loan losses | (17,188 | ) |   | (17,989 | ) |   | (19,008 | ) |   | (20,345 | ) |   | (21,525 | ) |
|                                        |   | Net loans held for investment | 1,505,267 |  |   | 1,427,864 |  |   | 1,376,903 |  |   | 1,337,443 |  |   | 1,296,592 |  |
| Premises and equipment, net                 | 44,846 |  |   | 45,375 |  |   | 43,809 |  |   | 46,782 |  |   | 47,416 |  |
| Other real estate owned                     | 19,166 |  |   | 19,955 |  |   | 21,040 |  |   | 20,411 |  |   | 20,289 |  |
| Core deposit premiums and other intangibles | 5,433 |  |   | 5,393 |  |   | 5,500 |  |   | 5,681 |  |   | 5,986 |  |
| Goodwill                                    | 4,205 |  |   | 4,205 |  |   | 4,205 |  |   | 4,205 |  |   | 4,205 |  |
| Bank-owned life insurance                   | 40,579 |  |   | 40,499 |  |   | 40,212 |  |   | 39,946 |  |   | 40,797 |  |
| Deferred tax asset, net                     | 139,917 |  |   | 145,229 |  |   | 144,223 |  |   | 146,432 |  |   | 5,564 |  |
| Other assets                                | 33,187 |  |   | 33,099 |  |   | 32,137 |  |   | 23,435 |  |   | 24,616 |  |
|                                        |   | Total Assets | $ | 2,353,294 |  |   | $ | 2,293,387 |  |   | $ | 2,231,934 |  |   | $ | 2,215,514 |  |   | $ | 2,015,793 |  |
| Liabilities                                 |   |   |   |   |   |   |   |   |   |
| Deposits:                                   |   |   |   |   |   |   |   |   |   |
|                                        | Noninterest-bearing demand deposits | $ | 359,969 |  |   | $ | 352,033 |  |   | $ | 337,417 |  |   | $ | 323,776 |  |   | $ | 317,981 |  |
|                                        | Interest-bearing deposits: |   |   |   |   |   |   |   |   |   |
|                                        |   | Demand, savings and money market deposits | 895,841 |  |   | 889,703 |  |   | 880,721 |  |   | 882,332 |  |   | 859,003 |  |
|                                        |   | Time deposits | 641,069 |  |   | 613,902 |  |   | 589,334 |  |   | 588,312 |  |   | 581,946 |  |
|                                        | Total deposits | 1,896,879 |  |   | 1,855,638 |  |   | 1,807,472 |  |   | 1,794,420 |  |   | 1,758,930 |  |
| Retail repurchase agreements                | 16,753 |  |   | 11,424 |  |   | 7,837 |  |   | 9,076 |  |   | 12,217 |  |
| Federal Home Loan Bank advances             | 90,244 |  |   | 80,708 |  |   | 68,221 |  |   | 68,234 |  |   | 73,246 |  |
| Junior subordinated debentures              | 56,702 |  |   | 56,702 |  |   | 56,702 |  |   | 56,702 |  |   | 56,702 |  |
| Long term notes payable                     | 5,396 |  |   | 5,377 |  |   | 5,358 |  |   | 5,338 |  |   | 5,319 |  |
| Other liabilities                           | 12,680 |  |   | 13,752 |  |   | 15,392 |  |   | 14,828 |  |   | 14,889 |  |
|                                        | Total Liabilities | 2,078,654 |  |   | 2,023,601 |  |   | 1,960,982 |  |   | 1,948,598 |  |   | 1,921,303 |  |
| Shareholders' Equity                        |   |   |   |   |   |   |   |   |   |
| Preferred Stock, 10,000,000 authorized      |   |   |   |   |   |   |   |   |   |
|                                        | Series A, $10.00 par value, 51,500 issued and no shares outstanding | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|                                        | Series B, no par value, 250,000 authorized, no shares issued or outstanding | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Common stock                                | 488,306 |  |   | 488,005 |  |   | 487,781 |  |   | 487,603 |  |   | 462,357 |  |
| Accumulated deficit                         | (206,653 | ) |   | (208,170 | ) |   | (210,693 | ) |   | (213,212 | ) |   | (357,828 | ) |
| Accumulated other comprehensive loss        | (7,013 | ) |   | (10,049 | ) |   | (6,136 | ) |   | (7,475 | ) |   | (10,039 | ) |
|                                        | Total Shareholders' Equity | 274,640 |  |   | 269,786 |  |   | 270,952 |  |   | 266,916 |  |   | 94,490 |  |
|                                        |   | Total Liabilities and Shareholders' Equity | $ | 2,353,294 |  |   | $ | 2,293,387 |  |   | $ | 2,231,934 |  |   | $ | 2,215,514 |  |   | $ | 2,015,793 |  |

----

|                                                                                                                                                     |
|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands, except per share data)                                                                                                               | 3Q 2015 |   | 2Q 2015 |   | 1Q 2015 |   | 4Q 2014 |   | 3Q 2014 |
| Income Statement Data                                                                                                                               |   |   |   |   |   |   |   |   |   |
| Net interest income                                                                                                                                 | $ | 17,310 |  |   | $ | 16,827 |  |   | $ | 16,774 |  |   | $ | 16,721 |  |   | $ | 15,848 |  |
| Recovery of provision for loan losses                                                                                                               | (64 | ) |   | (788 | ) |   | (1,137 | ) |   | (1,323 | ) |   | (1,679 | ) |
| Noninterest income                                                                                                                                  | 5,000 |  |   | 4,153 |  |   | 4,034 |  |   | 4,543 |  |   | 3,985 |  |
| Noninterest expense                                                                                                                                 | 17,427 |  |   | 17,827 |  |   | 18,008 |  |   | 20,446 |  |   | 20,015 |  |
| Income before taxes                                                                                                                                 | 4,947 |  |   | 3,941 |  |   | 3,937 |  |   | 2,141 |  |   | 1,497 |  |
| Net income                                                                                                                                          | 1,517 |  |   | 2,523 |  |   | 2,519 |  |   | 144,616 |  |   | 1,773 |  |
|                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Period End Balances                                                                                                                                 |   |   |   |   |   |   |   |   |   |
| Assets                                                                                                                                              | $ | 2,353,294 |  |   | $ | 2,293,387 |  |   | $ | 2,231,934 |  |   | $ | 2,215,514 |  |   | $ | 2,015,793 |  |
| Loans held for sale                                                                                                                                 | 4,089 |  |   | 2,767 |  |   | 7,571 |  |   | 2,796 |  |   | 2,268 |  |
| Loans held for investment                                                                                                                           | 1,522,455 |  |   | 1,445,853 |  |   | 1,395,911 |  |   | 1,357,788 |  |   | 1,318,117 |  |
| Allowance for loan losses                                                                                                                           | (17,188 | ) |   | (17,989 | ) |   | (19,008 | ) |   | (20,345 | ) |   | (21,525 | ) |
| Goodwill and other intangible assets                                                                                                                | 9,638 |  |   | 9,598 |  |   | 9,705 |  |   | 9,886 |  |   | 10,191 |  |
| Deposits                                                                                                                                            | 1,896,879 |  |   | 1,855,638 |  |   | 1,807,472 |  |   | 1,794,420 |  |   | 1,758,930 |  |
| Borrowings                                                                                                                                          | 169,095 |  |   | 154,211 |  |   | 138,118 |  |   | 139,350 |  |   | 147,484 |  |
| Shareholders' equity                                                                                                                                | 274,640 |  |   | 269,786 |  |   | 270,952 |  |   | 266,916 |  |   | 94,490 |  |
|                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Average Balances                                                                                                                                    |   |   |   |   |   |   |   |   |   |
| Assets                                                                                                                                              | $ | 2,320,627 |  |   | $ | 2,246,949 |  |   | $ | 2,202,247 |  |   | $ | 2,042,109 |  |   | $ | 2,004,071 |  |
| Loans held for sale                                                                                                                                 | 3,584 |  |   | 3,981 |  |   | 2,781 |  |   | 1,997 |  |   | 1,446 |  |
| Loans held for investment                                                                                                                           | 1,479,587 |  |   | 1,406,827 |  |   | 1,376,053 |  |   | 1,338,877 |  |   | 1,288,272 |  |
| Allowance for loan losses                                                                                                                           | (17,688 | ) |   | (18,970 | ) |   | (20,239 | ) |   | (21,552 | ) |   | (24,110 | ) |
| Goodwill and other intangible assets                                                                                                                | 9,518 |  |   | 9,458 |  |   | 9,697 |  |   | 10,002 |  |   | 10,325 |  |
| Deposits                                                                                                                                            | 1,850,578 |  |   | 1,799,682 |  |   | 1,781,533 |  |   | 1,785,575 |  |   | 1,753,380 |  |
| Borrowings                                                                                                                                          | 184,942 |  |   | 161,996 |  |   | 138,757 |  |   | 144,315 |  |   | 144,830 |  |
| Shareholders' equity                                                                                                                                | 271,757 |  |   | 271,229 |  |   | 268,799 |  |   | 99,445 |  |   | 93,051 |  |
|                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Per Share Data                                                                                                                                      |   |   |   |   |   |   |   |   |   |
| Net income per share - basic                                                                                                                        | $ | 0.06 |  |   | $ | 0.10 |  |   | $ | 0.10 |  |   | $ | 6.62 |  |   | $ | 0.08 |  |
| Net income per share - diluted                                                                                                                      | 0.06 |  |   | 0.10 |  |   | 0.10 |  |   | 6.62 |  |   | 0.08 |  |
| Core net income per share - diluted 1                                                                                                               | 0.12 |  |   | 0.10 |  |   | 0.10 |  |   | 0.11 |  |   | 0.11 |  |
| Book value (Shareholders' Equity)                                                                                                                   | 11.31 |  |   | 11.14 |  |   | 11.20 |  |   | 11.04 |  |   | 4.35 |  |
| Tangible book value (Tangible Shareholders' Equity)1                                                                                                | 10.91 |  |   | 10.75 |  |   | 10.80 |  |   | 10.63 |  |   | 3.88 |  |
|                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Performance Ratios                                                                                                                                  |   |   |   |   |   |   |   |   |   |
| Return on average assets                                                                                                                            | 0.26 | % |   | 0.45 | % |   | 0.46 | % |   | 28.10 |  % |   | 0.35 | % |
| Core return on average assets 1                                                                                                                     | 0.50 | % |   | 0.45 | % |   | 0.46 | % |   | 0.45 |  % |   | 0.47 | % |
| Return on average equity                                                                                                                            | 2.21 | % |   | 3.73 | % |   | 3.80 | % |   | 576.95 |  % |   | 7.56 | % |
| Net interest margin (tax equivalent)                                                                                                                | 3.37 | % |   | 3.43 | % |   | 3.54 | % |   | 3.49 |  % |   | 3.38 | % |
| PCNR noninterest expense to average assets 1                                                                                                        | 2.92 | % |   | 3.03 | % |   | 3.15 | % |   | 3.55 |  % |   | 3.55 | % |
|                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Asset Quality Ratios                                                                                                                                |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses to loans held for investment                                                                                              | 1.13 | % |   | 1.24 | % |   | 1.36 | % |   | 1.5 |  % |   | 1.63 | % |
| Net annualized charge-offs (recoveries) to average loans held for investment                                                                        | 0.20 | % |   | 0.07 | % |   | 0.06 | % |   | (0.04 | )% |   | 0.24 | % |
| Nonperforming assets to total assets                                                                                                                | 1.6 | % |   | 1.7 | % |   | 1.9 | % |   | 2.1 |  % |   | 2.4 | % |
| Classified assets to Tier 1 + ALL                                                                                                                   | 34 | % |   | 36 | % |   | 39 | % |   | 41 |  % |   | 62 | % |
|                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital and Other Ratios                                                                                                                            |   |   |   |   |   |   |   |   |   |
| CommunityOne Bancorp leverage capital                                                                                                               | 8.43 | % |   | 8.50 | % |   | 8.47 | % |   | 9.78 |  % |   | 6.48 | % |
| CommunityOne Bank, N.A. leverage capital                                                                                                            | 9.53 | % |   | 9.67 | % |   | 9.69 | % |   | 9.94 |  % |   | 7.97 | % |
| CommunityOne Bancorp common equity Tier 1                                                                                                           | 11.64 | % |   | 11.85 | % |   | 11.86 | % |   | N/A |  |   | N/A |  |
| Loans held for investment to deposits                                                                                                               | 80 | % |   | 78 | % |   | 77 | % |   | 76 |  % |   | 75 | % |
| 1 Non-GAAP measure. See Quarterly Non-GAAP Measures table for reconciliation to the most directly comparable GAAP measure. N/A - Not available |

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|                                                                                                                                                                                                                                                                                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands)                                                                                                                                                                                                                                                                                                                   | 3Q 2015 |   | 2Q 2015 |   | 1Q 2015 |   | 4Q 2014 |   | 3Q 2014 |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Book Value (Shareholders' Equity)                                                                                                                                                                                                                                                                                                | $ | 274,640 |  |   | $ | 269,786 |  |   | $ | 270,952 |  |   | $ | 266,916 |  |   | $ | 94,490 |  |
| Less:                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                             | Goodwill | (4,205 | ) |   | (4,205 | ) |   | (4,205 | ) |   | (4,205 | ) |   | (4,205 | ) |
|                                                                                                                                                                                                                                                                                                                             | Core deposit and other intangibles | (5,433 | ) |   | (5,393 | ) |   | (5,500 | ) |   | (5,681 | ) |   | (5,986 | ) |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tangible Book Value (Tangible Shareholders' Equity) (Non-GAAP)                                                                                                                                                                                                                                                                   | $ | 265,002 |  |   | $ | 260,188 |  |   | $ | 261,247 |  |   | $ | 257,030 |  |   | $ | 84,299 |  |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest Expense                                                                                                                                                                                                                                                                                                              | $ | 17,427 |  |   | $ | 17,827 |  |   | $ | 18,008 |  |   | $ | 20,446 |  |   | $ | 20,015 |  |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less nonrecurring:                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                             | Branch closure and restructuring expenses | — |  |   | — |  |   | — |  |   | 1,566 |  |   | — |  |
|                                                                                                                                                                                                                                                                                                                             | CEO severance expense | — |  |   | — |  |   | — |  |   | — |  |   | 2,060 |  |
| Core Noninterest Expense (Non-GAAP) 4                                                                                                                                                                                                                                                                                            | $ | 17,427 |  |   | $ | 17,827 |  |   | $ | 18,008 |  |   | $ | 18,880 |  |   | $ | 17,955 |  |
| Less credit related items:                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                             |   | Other real estate owned expense | 556 |  |   | 506 |  |   | 360 |  |   | 572 |  |   | (29 | ) |
|                                                                                                                                                                                                                                                                                                                             |   | Loan collection expense | (76 | ) |   | 313 |  |   | 300 |  |   | 170 |  |   | 198 |  |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| PCNR Noninterest Expense (Non-GAAP) 3                                                                                                                                                                                                                                                                                            | $ | 16,947 |  |   | $ | 17,008 |  |   | $ | 17,348 |  |   | $ | 18,138 |  |   | $ | 17,786 |  |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |
| Noninterest Income                                                                                                                                                                                                                                                                                                               | $ | 5,000 |  |   | $ | 4,153 |  |   | $ | 4,034 |  |   | $ | 4,543 |  |   | $ | 3,985 |  |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less nonrecurring:                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                             | Bargain purchase gain | 316 |  |   | — |  |   | — |  |   | — |  |   | — |  |
|                                                                                                                                                                                                                                                                                                                             | Securities gains, net | — |  |   | — |  |   | — |  |   | 220 |  |   | 34 |  |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Core Noninterest Income (Non-GAAP) 4                                                                                                                                                                                                                                                                                             | $ | 4,684 |  |   | $ | 4,153 |  |   | $ | 4,034 |  |   | $ | 4,323 |  |   | $ | 3,951 |  |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |
| Net Income Before Tax                                                                                                                                                                                                                                                                                                            | $ | 4,947 |  |   | $ | 3,941 |  |   | $ | 3,937 |  |   | $ | 2,141 |  |   | $ | 1,497 |  |
| Less nonrecurring:                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                             | Securities gains, net | — |  |   | — |  |   | — |  |   | 220 |  |   | 34 |  |
|                                                                                                                                                                                                                                                                                                                             | Branch closure/restructuring expense (recover) | — |  |   | — |  |   | — |  |   | (1,566 | ) |   | — |  |
|                                                                                                                                                                                                                                                                                                                             | CEO severance expense | — |  |   | — |  |   | — |  |   | — |  |   | (2,060 | ) |
|                                                                                                                                                                                                                                                                                                                             | Bargain purchase gain | 316 |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Total nonrecurring items                                                                                                                                                                                                                                                                                                         | 316 |  |   | — |  |   | — |  |   | (1,346 | ) |   | (2,026 | ) |
| Core Net Income Before Tax (Non-GAAP) 4                                                                                                                                                                                                                                                                                          | $ | 4,631 |  |   | $ | 3,941 |  |   | $ | 3,937 |  |   | $ | 3,487 |  |   | $ | 3,523 |  |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |
| Income Tax Expense                                                                                                                                                                                                                                                                                                               | 3,430 |  |   | 1,418 |  |   | 1,418 |  |   | (142,475 | ) |   | (276 | ) |
| Less nonrecurring tax items and adjustments:                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                             | Tax effect of nonrecurring items 1 | 114 |  |   | — |  |   | — |  |   | (444 | ) |   | (669 | ) |
|                                                                                                                                                                                                                                                                                                                             | DTA valuation allowance release | (738 | ) |   | — |  |   | — |  |   | (142,475 | ) |   | (276 | ) |
|                                                                                                                                                                                                                                                                                                                             | DTA revaluation - state tax rate reduction | 2,345 |  |   | — |  |   | — |  |   | — |  |   | — |  |
|                                                                                                                                                                                                                                                                                                                             | Income tax at effective rate 2 | — |  |   | — |  |   | — |  |   | (707 | ) |   | (494 | ) |
| Core Income Tax Expense (Non-GAAP)  4                                                                                                                                                                                                                                                                                       | $ | 1,709 |  |   | $ | 1,418 |  |   | $ | 1,418 |  |   | $ | 1,151 |  |   | $ | 1,163 |  |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |
| Core Net Income (Non-GAAP)  4                                                                                                                                                                                                                                                                                               | $ | 2,922 |  |   | $ | 2,523 |  |   | $ | 2,519 |  |   | $ | 2,336 |  |   | $ | 2,360 |  |
|                                                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1 Tax effected at an income tax rate of 33% in 2014 and 36% in 2015.2 Projected income tax expense at 33%. In 2014 all tax items resulted in changes to the DTA valuation allowance.3 Pre-credit and nonrecurring ("PCNR") expense excludes credit related and nonrecurring expenses.4 Core measures exclude nonrecurring items. |