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Hagerstown Trust Company

Hagerstown, MD · Cert 1899

FDIC

Q2 2009

$563.4MAssets
$334.6MLoans
$453.4MDeposits
$38.1MEquity
Loan mix
89%RE $243.8M10%C&I $27.5M1%Consumer $1.4MQ2 2008Q2 2009
Deposit mix
80%Interest-bearing $362.3M20%Noninterest $91.2MQ2 2008Q2 2009

NIM

5.57%Q2 ’075.28%Q2 ’084.25%Q2 ’09+0%-18%

Non-interest income vs. expense

2.74%Q2 ’072.70%Q2 ’082.53%Q2 ’09-13%+0%

Executive Summary

  • Earnings: ROA of 0.93%, down 46 bps year over year; NIM at 2.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.17%.
  • Funding: loans stand at 73.79% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

0.93%-46 bps YoY

Net Interest Margin (YTD, annualized)

2.63%-59 bps YoY

Efficiency Ratio (YTD, annualized)

67.09%+761 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets1.38%1.47%1.38%0.91%0.93%-46 bps
Return on Equity20.23%21.56%20.25%13.54%13.77%-646 bps
Net Interest Margin3.22%3.24%3.10%2.61%2.63%-59 bps
Efficiency Ratio59.48%58.91%59.67%66.13%67.09%+761 bps
Non-Interest Burden1.39%1.38%1.36%1.32%1.39%0 bps
Growth
Asset Growth (YoY)-5.03%-2.62%4.31%10.25%13.96%+1,899 bps
Loan Growth (YoY)-6.31%0.10%-0.20%-0.90%0.36%+668 bps
Deposit Growth (YoY)-4.53%-2.62%4.09%10.59%13.90%+1,844 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%0.71%0.62%0.18%0.17%+5 bps
Allowance / Loans1.49%0.98%0.91%0.94%0.94%-55 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 Capital11.19%10.92%10.92%11.25%11.30%+11 bps
Equity / Assets6.68%6.85%6.71%6.71%6.77%+9 bps
Liquidity & Funding
Loans / Deposits83.74%86.25%81.44%75.64%73.79%-995 bps
Liquid Assets / Assets0.02%0.02%0.02%0.00%0.02%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a