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Atlantic Bank

Ocean City, MD · Cert 21641

FDIC

Q3 2003

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2003, the quarter ended September 30, 2003, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Atlantic Bank

Ocean City, MD · Cert 21641

FDIC

Q3 2003

$294.8MAssets
$129.3MLoans
$212.6MDeposits
$69.3MEquity
Loan mix
88%RE $42.0M11%C&I $5.1M1%Consumer $0.5MQ3 2002Q3 2003
Deposit mix
92%Interest-bearing $195.1M8%Noninterest $17.5MQ3 2002Q3 2003

NIM

6.19%Q3 ’015.69%Q3 ’023.88%Q3 ’03+13%-24%

Non-interest income vs. expense

4.20%Q3 ’014.11%Q3 ’023.47%Q3 ’03-5%-18%

Executive Summary

  • Earnings: ROA of 0.47%, down 22 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 60.80% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

0.47%-22 bps YoY

Net Interest Margin (YTD, annualized)

3.09%-96 bps YoY

Efficiency Ratio (YTD, annualized)

74.15%+858 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets0.69%0.74%0.68%0.60%0.47%-22 bps
Return on Equity5.57%5.93%5.38%4.74%2.99%-258 bps
Net Interest Margin4.06%4.12%4.07%3.97%3.09%-96 bps
Efficiency Ratio65.57%64.66%68.54%69.36%74.15%+858 bps
Non-Interest Burden3.01%3.00%3.19%3.16%2.46%-55 bps
Growth
Asset Growth (YoY)5.69%-1.67%-0.36%0.27%16.78%+1,109 bps
Loan Growth (YoY)-5.00%-7.04%-9.25%-10.27%-8.53%-353 bps
Deposit Growth (YoY)6.92%-3.54%-1.47%2.58%0.16%-676 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.08%0.03%0.01%0.04%-1 bps
Allowance / Loans1.11%1.11%1.11%1.11%1.11%0 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 Capital13.49%13.72%15.18%15.47%34.74%+2,126 bps
Equity / Assets12.06%12.71%12.77%12.35%23.52%+1,147 bps
Liquidity & Funding
Loans / Deposits66.58%72.37%65.94%61.57%60.80%-578 bps
Liquid Assets / Assets21.70%22.39%25.74%28.27%0.00%-2,170 bps
CRE / Total Capitaln/an/an/an/an/an/an/a