Steel Valley Bank, National Association

Dillonvale, OH · Cert 13918

FDIC

Q4 2004

$51.4MAssets

$33.8MLoans

$44.8MDeposits

$5.3MEquity

Loan mix

Deposit mix

NIM

Earnings: ROA of -4.76%, down 423 bps year over year; NIM at 3.39%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
Funding: loans stand at 75.37% of deposits as of Q4 2004.

Return on Assets (quarter, annualized)

-4.76%-423 bps YoY

Net Interest Margin (quarter, annualized)

3.39%-60 bps YoY

Efficiency Ratio (quarter, annualized)

174.62%+7,806 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 2003	Q1 2004	Q2 2004	Q3 2004	Q4 2004	YoY Δ	Trend
Earnings
Return on Assets	-0.53%	-0.73%	0.04%	-0.17%	-4.76%	-423 bps
Return on Equity	-4.73%	-6.67%	0.40%	-1.62%	-44.80%	-4,007 bps
Net Interest Margin	4.00%	3.62%	3.39%	3.54%	3.39%	-60 bps
Efficiency Ratio	96.56%	104.28%	99.02%	104.02%	174.62%	+7,806 bps
Non-Interest Burden	3.84%	3.81%	3.35%	3.72%	6.35%	+251 bps
Growth
Asset Growth (YoY)	-8.13%	-3.99%	-2.39%	1.15%	-5.67%	+246 bps
Loan Growth (YoY)	-5.15%	-2.11%	-6.59%	-12.92%	-13.80%	-865 bps
Deposit Growth (YoY)	-7.46%	-2.47%	-0.65%	1.66%	-2.80%	+465 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	1.44%	1.03%	0.05%	0.40%	0.19%	-125 bps
Allowance / Loans	2.41%	2.37%	2.26%	2.34%	2.98%	+56 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	16.68%	15.98%	16.34%	16.60%	15.39%	-129 bps
Equity / Assets	11.10%	10.69%	10.68%	10.93%	10.31%	-79 bps
Liquidity & Funding
Loans / Deposits	84.98%	81.97%	76.72%	73.17%	75.37%	-961 bps
Liquid Assets / Assets	7.84%	7.67%	7.48%	17.72%	21.40%	+1,356 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a