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Sky Bank

Salineville, OH · Cert 14641

FDIC

Q3 2001

$4.9BAssets
$3.5BLoans
$3.5BDeposits
$347.5MEquity
Loan mix
50%RE $1.0B50%C&I $1.0B0%Consumer $0.0BQ3 2000Q3 2001
Deposit mix
91%Interest-bearing $3.2B9%Noninterest $0.3BQ3 2000Q3 2001

NIM

7.67%Q1 ’017.42%Q2 ’017.23%Q3 ’01+2%+3%

Non-interest income vs. expense

2.00%Q1 ’011.98%Q2 ’012.01%Q3 ’01-10%-1%

Executive Summary

  • Earnings: ROA of 1.52%, up 6 bps year over year; NIM at 3.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.62%.
  • Funding: loans stand at 99.36% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

1.52%+6 bps YoY

Net Interest Margin (quarter, annualized)

3.85%

Efficiency Ratio (quarter, annualized)

43.09%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets1.46%1.54%1.37%1.46%1.52%+6 bps
Return on Equityn/an/an/a21.25%21.64%n/a
Net Interest Marginn/an/a3.64%3.72%3.85%n/a
Efficiency Ration/an/a46.53%44.06%43.09%n/a
Non-Interest Burdenn/an/a1.35%1.21%1.20%n/a
Growth
Asset Growth (YoY)24.51%23.73%23.73%4.34%3.82%-2,069 bps
Loan Growth (YoY)32.98%30.54%29.69%12.84%10.13%-2,284 bps
Deposit Growth (YoY)20.91%23.11%23.00%4.34%7.07%-1,384 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.32%0.40%0.62%n/a
Allowance / Loansn/an/a1.47%1.41%1.39%n/a
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 Capitaln/an/a10.91%10.58%10.87%n/a
Equity / Assetsn/an/a6.82%6.91%7.12%n/a
Liquidity & Funding
Loans / Deposits96.60%95.82%97.33%100.38%99.36%+276 bps
Liquid Assets / Assets0.00%0.00%0.05%0.08%0.06%+6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a