North State Bancorp (NSBC) 8-K Regulation FD Disclosure

Asset Quality Key Ratios

Peer Group 3

All NC Banks

Pct

Pct

NSB

Mean

Rank

Mean

Rank

Net loan losses to

average loans

0.00

0.19

14

0.30

6

Deliquency Ratio

2.08

4.18

29

3.90

36

Noncurrent loans to

total loans

1.30

2.36

22

2.17

47

OREO at NSB

$2.3 mil

Exhibit 99.1

Office of the North Carolina Commissioner of Banks; Federal Deposit

Insurance Corporation; North State Bank

Sources:

February 28, 2009

Average Liquidity

North State Bank

19.59%

April 2009

Peers

15.90%

February 2009

Additional sources of liquidity

192,700,000

$      

Sources:

Office

of the North Carolina Commissioner of Banks; Federal Deposit

Insurance

Corporation; North State Bank

Capital

Minimum Requirement

Ratio

Ratio

Tier I leverage

7.20%

5.00%

Tier I risk based capital

8.85%

6.00%

Total risk based capital

12.05%

10.00%

Sources: North State Bank; Federal Deposit Insurance Corporation

March 31, 2009

Earnings

NSB

Peer Group 3

All NC Banks

ROAE - YTD March 2009

9.28%

Net interest margin - YTD February 2009

3.27%

3.11%

3.19%

Loan loss reserves - March 2009

7,201,000

$          

Loan loss reserve % of all loans - March 2009

1.31%

March 2009 YTD vs March 2008 YTD:

Interest income

-4.40%

down

Noninterest income

127.10%

up

Noninterest income before securities gain

-0.26%

down

Net interest income

5.60%

up

Deposit share as of June 30, 2008

17,834,000

$        

rank # 15

Sources: Office of the North Carolina Commissioner of Banks;

Federal Deposit Insurance Corporation; North State Bank

Growth

5 Year Compound

March 31, 2009

Growth Rate

Average total assets

696,469,000

$      

22.27%

Average total deposit

619,713,000

$      

23.83%

Average total loans

548,221,000

$      

23.03%

Source: North State Bank