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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

7.02%Q4 ’015.20%Q4 ’024.54%Q4 ’03-22%-5%

Non-interest income vs. expense

9.86%Q4 ’019.18%Q4 ’027.33%Q4 ’03-6%-19%

Executive Summary

  • Earnings: ROA of -15.49%, down 379 bps year over year; NIM at 2.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 15.84%.
  • Funding: loans stand at 81.06% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

-15.49%-379 bps YoY

Net Interest Margin (quarter, annualized)

2.90%-15 bps YoY

Efficiency Ratio (quarter, annualized)

222%-2,581 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets-11.70%-3.78%-8.97%-2.85%-15.49%-379 bps
Return on Equity-157.04%-68.90%-250%-68.59%-371%-21,347 bps
Net Interest Margin3.05%2.58%2.23%2.25%2.90%-15 bps
Efficiency Ratio248%222%257%226%222%-2,581 bps
Non-Interest Burden8.53%6.45%6.62%5.85%6.93%-160 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-0.29%0.00%16.88%0.00%15.84%+1,613 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