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West Chester Savings Bank

Washington, IA · Cert 10131

FDIC

Q2 2013

$45.7MAssets
$27.6MLoans
$40.3MDeposits
$4.8MEquity
Loan mix
75%RE $14.6M19%C&I $3.8M6%Consumer $1.1MQ2 2012Q2 2013
Deposit mix
81%Interest-bearing $32.8M19%Noninterest $7.5MQ2 2012Q2 2013

NIM

4.63%Q2 ’113.95%Q2 ’123.90%Q2 ’13-12%+7%

Non-interest income vs. expense

3.32%Q2 ’113.31%Q2 ’123.72%Q2 ’13+14%+0%

Executive Summary

  • Earnings: ROA of 0.41%, up 23 bps year over year; NIM at 3.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.23%.
  • Funding: loans stand at 68.49% of deposits as of Q2 2013.

Financial Results

Return on Assets (quarter, annualized)

0.41%+23 bps YoY

Net Interest Margin (quarter, annualized)

3.32%+23 bps YoY

Efficiency Ratio (quarter, annualized)

88.04%-413 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.17%0.53%-2.56%0.52%0.41%+23 bps
Return on Equity1.79%5.44%-26.31%5.16%3.89%+210 bps
Net Interest Margin3.09%3.19%3.17%3.24%3.32%+23 bps
Efficiency Ratio92.17%80.61%209%82.56%88.04%-413 bps
Non-Interest Burden2.81%2.39%7.58%2.54%2.81%+1 bps
Growth
Asset Growth (YoY)2.33%3.71%0.51%-8.91%-10.92%-1,326 bps
Loan Growth (YoY)-5.71%-3.74%-3.51%-4.04%-1.81%+391 bps
Deposit Growth (YoY)2.42%1.81%3.59%-6.24%-6.87%-929 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.23%0.28%0.44%0.25%0.23%0 bps
Allowance / Loans2.66%2.70%2.71%2.74%2.68%+2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital14.00%14.25%12.53%13.11%13.06%-94 bps
Equity / Assets9.65%9.79%9.64%10.38%10.42%+77 bps
Liquidity & Funding
Loans / Deposits64.95%66.20%63.38%66.06%68.49%+353 bps
Liquid Assets / Assets0.05%0.11%0.89%0.12%0.45%+40 bps
CRE / Total Capitaln/an/an/an/an/an/an/a