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Commercial Savings Bank, The

Upper Sandusky, OH · Cert 2291

FDIC · 7 branches

Q4 2016

$355.7MAssets
$297.5MLoans
$314.1MDeposits
$38.4MEquity
Loan mix
82%RE $178.4M13%C&I $28.5M5%Consumer $11.8MQ4 2015Q4 2016
Deposit mix
81%Interest-bearing $254.8M19%Noninterest $59.2MQ4 2015Q4 2016

NIM

4.40%Q4 ’144.35%Q4 ’154.22%Q4 ’16-1%-3%

Non-interest income vs. expense

3.17%Q4 ’143.14%Q4 ’152.95%Q4 ’16-1%-14%

Executive Summary

  • Earnings: ROA of 1.31%, up 26 bps year over year; NIM at 3.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.83%, up 26 bps from a year ago.
  • Funding: loans stand at 94.72% of deposits as of Q4 2016.

Financial Results

Return on Assets (YTD, annualized)

1.31%+26 bps YoY

Net Interest Margin (YTD, annualized)

3.97%-13 bps YoY

Efficiency Ratio (YTD, annualized)

62.09%-463 bps YoY

Tier 1 Leverage Ratio

10.83%+26 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2015Q1 2016Q2 2016Q3 2016Q4 2016YoY ΔTrend
Earnings
Return on Assets1.06%1.90%1.55%1.38%1.31%+26 bps
Return on Equity10.24%18.00%14.52%12.90%12.22%+199 bps
Net Interest Margin4.10%4.20%4.11%4.09%3.97%-13 bps
Efficiency Ratio66.71%55.25%59.08%61.48%62.09%-463 bps
Non-Interest Burden2.54%1.70%2.03%2.19%2.17%-37 bps
Growth
Asset Growth (YoY)1.36%0.48%4.73%4.45%4.32%+296 bps
Loan Growth (YoY)6.37%8.65%7.15%5.92%0.19%-618 bps
Deposit Growth (YoY)-0.83%-0.85%4.61%4.30%5.84%+667 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.15%0.03%0.02%0.02%0.01%-14 bps
Allowance / Loans1.30%1.30%1.29%1.29%1.31%+1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.57%10.84%10.76%10.91%10.83%+26 bps
Total Risk-Based Capital13.03%13.39%13.58%13.74%14.11%+108 bps
Equity / Assets10.42%10.70%10.87%10.89%10.80%+37 bps
Liquidity & Funding
Loans / Deposits100.07%99.52%98.80%98.29%94.72%-535 bps
Liquid Assets / Assets2.83%2.64%4.27%3.43%8.37%+554 bps
CRE / Total Capitaln/an/an/an/an/an/an/a