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Annapolis Banking and Trust Company, The

Annapolis, MD · Cert 12172

FDIC

Q2 2007

$492.8MAssets
$330.2MLoans
$410.8MDeposits
$45.7MEquity
Loan mix
80%RE $159.0M20%C&I $39.4M0%Consumer $0.6MQ2 2006Q2 2007
Deposit mix
68%Interest-bearing $280.9M32%Noninterest $129.9MQ2 2006Q2 2007

NIM

5.03%Q2 ’055.35%Q2 ’065.95%Q2 ’07-7%+4%

Non-interest income vs. expense

2.25%Q2 ’052.28%Q2 ’062.03%Q2 ’07+1%-20%

Executive Summary

  • Earnings: ROA of 2.06%, up 42 bps year over year; NIM at 4.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 80.39% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

2.06%+42 bps YoY

Net Interest Margin (quarter, annualized)

4.28%+17 bps YoY

Efficiency Ratio (quarter, annualized)

40.31%-728 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.64%1.60%1.70%1.52%2.06%+42 bps
Return on Equity18.86%18.38%19.41%17.43%22.79%+393 bps
Net Interest Margin4.11%4.04%4.10%4.06%4.28%+17 bps
Efficiency Ratio47.59%48.60%46.42%50.27%40.31%-728 bps
Non-Interest Burden1.60%1.61%1.52%1.66%1.28%-33 bps
Growth
Asset Growth (YoY)1.32%1.00%3.34%5.15%2.37%+105 bps
Loan Growth (YoY)15.10%10.68%2.88%0.99%0.18%-1,492 bps
Deposit Growth (YoY)-1.12%4.55%8.54%5.20%4.78%+590 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.02%0.00%-0.05%0.00%+3 bps
Allowance / Loans0.96%0.95%0.97%0.97%0.83%-13 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 Capital15.02%14.84%15.03%14.83%15.25%+22 bps
Equity / Assets8.61%8.83%8.68%8.77%9.28%+67 bps
Liquidity & Funding
Loans / Deposits84.07%81.25%76.42%77.16%80.39%-369 bps
Liquid Assets / Assets0.21%0.27%0.36%0.47%0.24%+3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a