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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

6.04%Q4 ’085.02%Q4 ’094.47%Q4 ’10-13%+11%

Non-interest income vs. expense

3.81%Q4 ’083.89%Q4 ’091.95%Q4 ’10+4%+4%

Executive Summary

  • Earnings: ROA of -0.73%, up 251 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.42%.
  • Funding: loans stand at 87.20% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

-0.73%+251 bps YoY

Net Interest Margin (quarter, annualized)

3.54%+34 bps YoY

Efficiency Ratio (quarter, annualized)

91.87%-987 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-3.24%-2.21%-1.20%-8.16%-0.73%+251 bps
Return on Equity-28.40%-18.07%-9.71%-68.39%-6.57%+2,183 bps
Net Interest Margin3.20%3.30%3.38%3.73%3.54%+34 bps
Efficiency Ratio101.74%117.21%121.63%98.00%91.87%-987 bps
Non-Interest Burden3.39%4.09%4.32%11.18%3.52%+13 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 / Loans8.94%0.29%4.13%0.28%1.42%-752 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