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Letter portraitLegal landscapeQuarterYTD

Talbot Bank of Easton, Maryland, The

Easton, MD · Cert 1893

FDIC · 6 branches

Q2 2016

$602.5MAssets
$445.4MLoans
$524.1MDeposits
$71.4MEquity
Loan mix
86%RE $306.1M12%C&I $43.3M1%Consumer $4.6MQ2 2015Q2 2016
Deposit mix
79%Interest-bearing $412.4M21%Noninterest $111.7MQ2 2015Q2 2016

NIM

3.68%Q2 ’143.48%Q2 ’153.48%Q2 ’16-1%+4%

Non-interest income vs. expense

2.48%Q2 ’142.30%Q2 ’152.32%Q2 ’16-11%-1%

Executive Summary

  • Earnings: ROA of 0.73%, up 19 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Capital: tier 1 leverage ratio of 10.79%, up 113 bps from a year ago.
  • Funding: loans stand at 84.99% of deposits as of Q2 2016.

Financial Results

Return on Assets (quarter, annualized)

0.73%+19 bps YoY

Net Interest Margin (quarter, annualized)

3.29%+12 bps YoY

Efficiency Ratio (quarter, annualized)

62.50%-269 bps YoY

Tier 1 Leverage Ratio

10.79%+113 bps YoY

Discrete quarter, annualized.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets0.54%0.69%0.67%0.73%0.73%+19 bps
Return on Equity4.75%6.13%6.11%6.52%6.27%+152 bps
Net Interest Margin3.17%3.23%3.19%3.24%3.29%+12 bps
Efficiency Ratio65.19%62.45%60.56%60.21%62.50%-269 bps
Non-Interest Burden1.89%1.83%1.74%1.77%1.87%-2 bps
Growth
Asset Growth (YoY)-0.52%3.54%5.36%4.21%4.19%+471 bps
Loan Growth (YoY)2.13%7.29%14.19%13.45%9.71%+758 bps
Deposit Growth (YoY)-0.95%3.91%5.13%3.82%3.75%+470 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.34%0.20%0.35%0.28%0.26%-8 bps
Allowance / Loans1.04%1.04%1.01%1.03%1.01%-2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.66%9.66%9.72%10.24%10.79%+113 bps
Total Risk-Based Capital14.09%14.14%14.30%14.74%15.05%+96 bps
Equity / Assets11.45%11.08%10.98%11.40%11.85%+39 bps
Liquidity & Funding
Loans / Deposits80.37%77.81%80.09%81.49%84.99%+462 bps
Liquid Assets / Assets3.38%6.07%6.30%5.95%3.96%+58 bps
CRE / Total Capitaln/an/an/an/an/an/an/a