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Felton Bank, The

Felton, DE · Cert 12700

FDIC

Q4 2010

$81.5MAssets
$62.6MLoans
$71.8MDeposits
$8.9MEquity
Loan mix
92%RE $53.4M8%C&I $4.8M0%Consumer $0.1MQ4 2009Q4 2010
Deposit mix
82%Interest-bearing $59.1M18%Noninterest $12.7MQ4 2009Q4 2010

NIM

6.18%Q4 ’085.55%Q4 ’095.00%Q4 ’10-4%+7%

Non-interest income vs. expense

3.42%Q4 ’083.96%Q4 ’095.97%Q4 ’10+19%+74%

Executive Summary

  • Earnings: ROA of -3.03%, down 92 bps year over year; NIM at 3.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.65%.
  • Funding: loans stand at 87.20% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

-3.03%-92 bps YoY

Net Interest Margin (YTD, annualized)

3.64%+24 bps YoY

Efficiency Ratio (YTD, annualized)

109.22%+1,178 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-2.11%-2.21%-1.71%-3.75%-3.03%-92 bps
Return on Equity-19.45%-18.07%-13.93%-31.09%-25.53%-607 bps
Net Interest Margin3.40%3.30%3.44%3.64%3.64%+24 bps
Efficiency Ratio97.43%117.21%119.32%111.93%109.22%+1,178 bps
Non-Interest Burden3.43%4.09%4.32%6.74%5.98%+255 bps
Growth
Asset Growth (YoY)0.90%-3.51%-8.31%-13.09%-13.68%-1,458 bps
Loan Growth (YoY)-8.34%-11.91%-16.20%-16.53%-18.41%-1,007 bps
Deposit Growth (YoY)14.92%7.08%0.66%-10.25%-12.00%-2,692 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.76%0.29%2.22%1.62%1.65%-211 bps
Allowance / Loans1.92%2.74%2.19%2.52%2.70%+78 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 Capital12.68%12.66%13.16%13.53%13.85%+117 bps
Equity / Assets12.23%12.17%12.50%11.31%10.96%-128 bps
Liquidity & Funding
Loans / Deposits94.04%94.07%93.26%95.01%87.20%-684 bps
Liquid Assets / Assets0.01%0.01%0.04%0.04%0.40%+39 bps
CRE / Total Capitaln/an/an/an/an/an/an/a