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Fidelity Bank, The

Frostburg, MD · Cert 12882

FDIC

Q1 2005

$302.9MAssets
$205.1MLoans
$223.0MDeposits
$65.0MEquity
Loan mix
83%RE $107.7M16%C&I $21.1M0%Consumer $0.3MQ1 2004Q1 2005
Deposit mix
78%Interest-bearing $174.4M22%Noninterest $48.7MQ1 2004Q1 2005

NIM

6.26%Q1 ’034.38%Q1 ’044.40%Q1 ’05-30%-3%

Non-interest income vs. expense

3.58%Q1 ’033.38%Q1 ’043.15%Q1 ’05-17%-5%

Executive Summary

  • Earnings: ROA of 0.70%, up 8 bps year over year; NIM at 3.59%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 91.96% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

0.70%+8 bps YoY

Net Interest Margin (quarter, annualized)

3.59%-10 bps YoY

Efficiency Ratio (quarter, annualized)

69.09%-160 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.63%0.74%0.88%0.89%0.70%+8 bps
Return on Equity7.29%8.20%5.47%4.11%3.28%-401 bps
Net Interest Margin3.69%3.87%3.59%3.62%3.59%-10 bps
Efficiency Ratio70.69%69.80%63.35%63.19%69.09%-160 bps
Non-Interest Burden2.55%2.60%2.14%2.17%2.42%-13 bps
Growth
Asset Growth (YoY)500%442%418%7.16%10.56%-48,904 bps
Loan Growth (YoY)448%479%492%7.00%6.32%-44,142 bps
Deposit Growth (YoY)502%428%418%-9.04%-5.43%-50,790 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%0.03%0.05%0.06%0.06%0 bps
Allowance / Loans0.91%0.89%0.93%0.89%0.86%-4 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 Capital17.31%17.19%17.22%17.31%17.55%+25 bps
Equity / Assets8.82%9.25%21.95%21.49%21.45%+1,264 bps
Liquidity & Funding
Loans / Deposits81.80%91.52%90.93%91.97%91.96%+1,016 bps
Liquid Assets / Assets0.05%0.05%0.04%0.04%0.04%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a