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Herndon National Bank, The

Herndon, PA · Cert 13836

FDIC

Q2 2011

$28.9MAssets
$8.7MLoans
$20.6MDeposits
$8.3MEquity
Loan mix
82%RE $7.2M13%C&I $1.1M5%Consumer $0.4MQ2 2010Q2 2011
Deposit mix
82%Interest-bearing $16.8M18%Noninterest $3.8MQ2 2010Q2 2011

NIM

3.73%Q2 ’093.29%Q2 ’103.33%Q2 ’11-9%+11%

Non-interest income vs. expense

2.34%Q2 ’092.42%Q2 ’102.84%Q2 ’11+7%+17%

Executive Summary

  • Earnings: ROA of 0.05%, down 24 bps year over year; NIM at 2.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 42.24% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

0.05%-24 bps YoY

Net Interest Margin (quarter, annualized)

2.75%+27 bps YoY

Efficiency Ratio (quarter, annualized)

98.09%+465 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets0.29%1.12%-0.01%0.63%0.05%-24 bps
Return on Equity1.07%4.07%-0.05%2.33%0.19%-88 bps
Net Interest Margin2.48%3.31%2.67%2.80%2.75%+27 bps
Efficiency Ratio93.43%67.69%81.60%78.57%98.09%+465 bps
Non-Interest Burden2.31%2.19%2.06%2.17%2.69%+38 bps
Growth
Asset Growth (YoY)3.33%-0.04%1.40%-1.26%-3.88%-721 bps
Loan Growth (YoY)-2.94%-1.03%0.54%7.25%7.56%+1,050 bps
Deposit Growth (YoY)4.72%-0.17%1.66%-1.83%-5.41%-1,013 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.25%-0.19%0.71%1.98%0.09%+34 bps
Allowance / Loans1.93%1.94%2.29%1.74%1.72%-20 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 Capital69.77%70.58%71.20%69.01%70.86%+110 bps
Equity / Assets27.26%27.90%27.00%27.31%28.61%+135 bps
Liquidity & Funding
Loans / Deposits37.14%38.55%38.50%39.48%42.24%+510 bps
Liquid Assets / Assets48.93%51.89%49.10%54.31%52.27%+334 bps
CRE / Total Capitaln/an/an/an/an/an/an/a