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Flushing Savings Bank, FSB

Flushing, NY · Cert 16049

FDIC

Q4 2012

$4.5BAssets
$3.2BLoans
$3.0BDeposits
$451.2MEquity
Loan mix
93%RE $2.6B7%C&I $0.2B0%Consumer $0.0BQ4 2011Q4 2012
Deposit mix
95%Interest-bearing $2.9B5%Noninterest $0.2BQ4 2011Q4 2012

NIM

5.16%Q1 ’125.01%Q3 ’124.99%Q4 ’12-2%0%

Non-interest income vs. expense

1.95%Q1 ’121.84%Q3 ’121.83%Q4 ’12-5%-2%

Executive Summary

  • Earnings: ROA of 0.79%, down 1 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 0.62%.
  • Funding: loans stand at 106.86% of deposits as of Q4 2012.

Financial Results

Return on Assets (YTD, annualized)

0.79%-1 bps YoY

Net Interest Margin (YTD, annualized)

3.59%

Efficiency Ratio (YTD, annualized)

49.96%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.80%0.71%0.73%0.78%0.79%-1 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/a3.65%3.61%3.60%3.59%n/a
Efficiency Ration/a52.49%51.13%50.48%49.96%n/a
Non-Interest Burdenn/a1.91%1.87%1.81%1.78%n/a
Growth
Asset Growth (YoY)-0.79%1.01%2.68%1.76%3.81%+460 bps
Loan Growth (YoY)-1.54%-0.57%0.95%-0.13%1.28%+282 bps
Deposit Growth (YoY)-1.36%-1.90%0.41%-1.38%-4.09%-273 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.71%0.65%0.65%0.62%n/a
Allowance / Loansn/a0.95%0.95%0.96%0.96%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/a15.02%14.72%15.43%15.43%n/a
Equity / Assetsn/a9.94%9.90%10.25%10.13%n/a
Liquidity & Funding
Loans / Deposits101.20%101.33%102.62%102.34%106.86%+566 bps
Liquid Assets / Assets0.00%0.57%0.64%0.53%0.61%+61 bps
CRE / Total Capitaln/an/an/an/an/an/an/a