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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 $1.1MQ3 2011Q2 2013
Deposit mix
81%Interest-bearing $32.8M19%Noninterest $7.5MQ3 2011Q2 2013

Executive Summary

  • Earnings: ROA of 0.46%, up 23 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.24%.
  • Funding: loans stand at 68.49% of deposits as of Q2 2013.

Return on Assets (YTD, annualized)

0.46%+23 bps YoY

Net Interest Margin (YTD, annualized)

3.33%+23 bps YoY

Efficiency Ratio (YTD, annualized)

85.33%-573 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.55%Q2 ’113.99%Q2 ’123.93%Q2 ’13-10%+8%

Non-interest income vs. expense

3.27%Q2 ’113.38%Q2 ’123.57%Q2 ’13+13%-2%

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.44%0.46%0.30%0.23%0.33%-0.39%0.52%0.46%+23 bps
Return on Equity4.66%4.89%3.12%2.45%3.46%-4.02%5.16%4.54%+210 bps
Net Interest Margin3.51%3.43%3.12%3.10%3.12%3.16%3.24%3.33%+23 bps
Efficiency Ratio80.08%81.43%90.02%91.06%87.34%118.82%82.56%85.33%-573 bps
Non-Interest Burden2.67%2.65%2.74%2.77%2.64%3.89%2.54%2.72%-5 bps
Growth
Asset Growth (YoY)2.24%4.05%3.67%2.33%3.71%0.51%-8.91%-10.92%-1,326 bps
Loan Growth (YoY)-5.93%-7.64%-7.51%-5.71%-3.74%-3.51%-4.04%-1.81%+391 bps
Deposit Growth (YoY)2.69%2.59%3.65%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.23%2.62%1.43%1.05%0.91%0.25%0.24%-119 bps
Allowance / Loans3.24%3.16%2.60%2.66%2.70%2.71%2.74%2.68%+2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital14.53%15.07%13.96%14.00%14.25%12.53%13.11%13.06%-94 bps
Equity / Assets9.75%9.73%9.41%9.65%9.79%9.64%10.38%10.42%+77 bps
Liquidity & Funding
Loans / Deposits70.02%68.04%64.54%64.95%66.20%63.38%66.06%68.49%+353 bps
Liquid Assets / Assets0.04%0.11%0.05%0.05%0.11%0.89%0.12%0.45%+40 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a