Aquesta Financial Holdings, Inc (Parent Company of Aquesta Bank) Announces Operating Results For the Second Quarter of 2014

CORNELIUS, N.C., July 16, 2014

Aquesta's total assets increased to $245.9 million at June 30, 2014 compared to $233.9 million at December 31, 2013 or an annualized increase of 10 percent. Total loans increased to $146.5 million at June 30, 2014 from $130.3 million at December 31, 2013, or annualized growth of 25 percent.

For the six months ended June 30, 2014, net income was $874,000 versus net income in the same period of 2013 of $698,000, an increase of 25 percent.  Net income for the six months ending June 30, 2014 includes a loss on sale of securities of $12,000 while the same period of 2013 included gains on sale of securities of $362,000.  Jim Engel, CEO and President of Aquesta noted that "Our strong loan growth has allowed Aquesta to continue to show strong earnings growth both comparing quarter over quarter and year over year figures even though the prior year income numbers were materially benefited by securities gains that did not repeat in the current year."

Jim Engel stated, "Our improved earnings and strong loan growth in the first half of the year reflect a desire of residents for the personalized banking services Aquesta offers.  Every facet of our business has shown significant improvement, including asset quality, core deposit growth, insurance agency revenue and, of course, profits.  I am extremely grateful for the hard work of the Aquesta team and the loyalty of the Aquesta customers."

Engel noted that, "Aquesta Bank recently opened a new, smaller branch office concept in downtown Cornelius and is nearing the completion of its Huntersville marquee branch.  This expansion keeps Aquesta on track toward achieving its original strategic goal of being the community bank of choice for the Lake Norman community and its surrounding towns."

Aquesta's focus is to help its customers grow and prosper – a belief in the American Dream of unlimited possibilities.  Aquesta has a branch in Davidson, two branches in Cornelius and two branches in Mooresville.  Aquesta Insurance Services, Inc. ---an independent agency--- has offices in Cornelius, Kannapolis, Mooresville and Wilmington.

Aquesta also provided the following financial highlights for comparison: