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Reliance Bank

White Plains, NY · Cert 26778

FDIC

Q4 2003

$28.6MAssets
$22.6MLoans
$27.9MDeposits
$675KEquity
Loan mix
49%RE $9.2M49%C&I $9.3M2%Consumer $0.4MQ4 2002Q4 2003
Deposit mix
90%Interest-bearing $25.0M10%Noninterest $2.9MQ4 2002Q4 2003

NIM

7.32%Q4 ’015.43%Q4 ’024.08%Q4 ’03-17%-26%

Non-interest income vs. expense

7.94%Q4 ’018.19%Q4 ’026.60%Q4 ’03+19%-20%

Executive Summary

  • Earnings: ROA of -7.90%, down 219 bps year over year; NIM at 2.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.30%.
  • Funding: loans stand at 81.06% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

-7.90%-219 bps YoY

Net Interest Margin (YTD, annualized)

2.35%-82 bps YoY

Efficiency Ratio (YTD, annualized)

231%+1,458 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets-5.71%-3.78%-6.42%-5.17%-7.90%-219 bps
Return on Equity-76.41%-68.90%-146.45%-108.30%-183.86%-10,745 bps
Net Interest Margin3.18%2.58%2.34%2.16%2.35%-82 bps
Efficiency Ratio216%222%239%235%231%+1,458 bps
Non-Interest Burden7.58%6.45%6.37%5.79%6.10%-148 bps
Growth
Asset Growth (YoY)-8.28%-4.17%1.95%13.97%6.70%+1,498 bps
Loan Growth (YoY)-11.24%-9.89%-4.70%35.77%34.98%+4,623 bps
Deposit Growth (YoY)-10.76%-2.80%9.31%17.79%15.97%+2,674 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-1.12%0.00%8.44%4.43%7.30%+842 bps
Allowance / Loans6.24%6.04%3.49%2.74%2.56%-368 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 Capital11.55%9.76%5.04%12.36%5.92%-564 bps
Equity / Assets6.10%4.89%2.41%5.85%2.36%-374 bps
Liquidity & Funding
Loans / Deposits69.64%66.44%60.58%77.22%81.06%+1,142 bps
Liquid Assets / Assets0.37%0.36%0.33%0.56%0.44%+6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a