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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

5.54%Q2 ’075.16%Q2 ’084.31%Q2 ’09+4%-15%

Non-interest income vs. expense

2.78%Q2 ’072.72%Q2 ’082.64%Q2 ’09-20%+14%

Executive Summary

  • Earnings: ROA of 0.94%, down 30 bps year over year; NIM at 2.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 73.79% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

0.94%-30 bps YoY

Net Interest Margin (quarter, annualized)

2.74%-50 bps YoY

Efficiency Ratio (quarter, annualized)

67.99%+952 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets1.24%1.67%1.13%0.91%0.94%-30 bps
Return on Equity18.07%24.64%16.62%13.54%13.94%-413 bps
Net Interest Margin3.24%3.27%2.97%2.61%2.74%-50 bps
Efficiency Ratio58.47%57.74%62.09%66.13%67.99%+952 bps
Non-Interest Burden1.31%1.39%1.40%1.32%1.50%+19 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 / Loans0.16%1.89%0.33%0.18%0.16%0 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