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Three Rivers Bank and Trust Company

Jefferson, PA · Cert 19104

FDIC

Q3 2002

$1.0BAssets
$587.2MLoans
$768.5MDeposits
$86.4MEquity
Loan mix
61%RE $121.0M36%C&I $71.2M3%Consumer $6.0MQ3 2001Q3 2002
Deposit mix
83%Interest-bearing $634.1M17%Noninterest $134.4MQ3 2001Q3 2002

NIM

7.05%Q1 ’016.77%Q3 ’016.00%Q3 ’02+6%+6%

Non-interest income vs. expense

2.12%Q1 ’012.13%Q3 ’012.07%Q3 ’02-1%-4%

Executive Summary

  • Earnings: ROA of 0.93%, up 13 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.40%.
  • Funding: loans stand at 76.41% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

0.93%+13 bps YoY

Net Interest Margin (quarter, annualized)

2.86%+15 bps YoY

Efficiency Ratio (quarter, annualized)

59.34%-729 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.80%0.90%0.93%1.06%0.93%+13 bps
Return on Equity10.99%11.40%12.13%13.10%10.99%-1 bps
Net Interest Margin2.71%2.83%3.10%3.05%2.86%+15 bps
Efficiency Ratio66.63%63.46%59.78%58.96%59.34%-729 bps
Non-Interest Burden1.64%1.63%1.74%1.69%1.58%-6 bps
Growth
Asset Growth (YoY)7.48%7.97%7.67%9.42%-4.06%-1,154 bps
Loan Growth (YoY)19.53%17.03%13.20%13.89%2.80%-1,673 bps
Deposit Growth (YoY)23.40%23.23%22.33%22.84%-0.22%-2,362 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.06%0.10%0.07%1.40%+129 bps
Allowance / Loans1.36%1.41%1.42%1.41%1.17%-19 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 Capital12.30%12.27%11.95%12.39%12.05%-25 bps
Equity / Assets8.15%7.57%7.80%8.41%8.51%+36 bps
Liquidity & Funding
Loans / Deposits74.16%72.51%73.45%74.62%76.41%+225 bps
Liquid Assets / Assets1.98%0.06%0.00%0.08%1.40%-59 bps
CRE / Total Capitaln/an/an/an/an/an/an/a