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First Penn Bank

Philadelphia, PA · Cert 27013

FDIC · 14 branches

Q1 2016

$660.0MAssets
$533.0MLoans
$582.3MDeposits
$65.4MEquity
Loan mix
75%RE $224.1M21%C&I $63.2M4%Consumer $10.6MQ2 2014Q1 2016
Deposit mix
78%Interest-bearing $453.9M22%Noninterest $128.4MQ2 2014Q1 2016

Market Position · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD · 2015 SOD (annual) · 0.1% share · #41 of 133 inst. · $0.5B of $437.1B

0.4% Philadelphia
1.0% Chester
0.6% Bucks
0.4% Delaware

Executive Summary

  • Earnings: ROA of 0.24%, down 22 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Capital: tier 1 leverage ratio of 10.19%, up 147 bps from a year ago.
  • Funding: loans stand at 91.53% of deposits as of Q1 2016.

Return on Assets (YTD, annualized)

0.24%1-22 bps YoY

Net Interest Margin (YTD, annualized)

3.75%+12 bps YoY

Efficiency Ratio (YTD, annualized)

97.88%+2,035 bps YoY

Tier 1 Leverage Ratio

10.19%+147 bps YoY

NIM

4.02%Q1 ’144.08%Q1 ’154.23%Q1 ’16+2%+3%

Non-interest income vs. expense

3.02%Q1 ’143.04%Q1 ’154.06%Q1 ’16+7%+32%

Year to date, annualized, through each quarter.

MetricQ2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets0.46%0.54%0.56%0.46%0.52%0.70%0.81%0.24%1-22 bps
Return on Equity5.48%6.40%6.60%5.18%5.89%7.96%9.03%2.50%-268 bps
Net Interest Margin3.64%3.71%3.75%3.63%3.58%3.53%3.61%3.75%+12 bps
Efficiency Ratio75.81%73.58%73.14%77.53%74.89%73.41%72.78%97.88%+2,035 bps
Non-Interest Burden2.71%2.66%2.68%2.78%2.62%2.49%2.53%3.68%+89 bps
Growth
Asset Growth (YoY)12.30%6.96%0.55%2.54%4.97%4.75%3.06%-5.28%-783 bps
Loan Growth (YoY)6.51%4.59%2.89%6.07%7.09%9.35%9.53%6.62%+55 bps
Deposit Growth (YoY)2.01%1.80%1.29%6.52%4.92%5.45%6.48%6.54%+2 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.41%0.36%0.43%0.17%0.18%0.16%0.15%0.16%-1 bps
Allowance / Loans1.17%1.18%1.12%1.12%1.14%1.13%1.12%1.09%-3 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/a8.72%8.71%8.90%9.29%10.19%+147 bps
Total Risk-Based Capital12.58%12.99%12.93%12.88%12.82%12.97%13.12%13.55%+67 bps
Equity / Assets8.51%8.57%8.80%8.89%8.70%9.03%9.28%9.91%+102 bps
Liquidity & Funding
Loans / Deposits92.82%91.90%91.99%91.46%94.74%95.30%94.63%91.53%+7 bps
Liquid Assets / Assets0.69%0.74%0.56%0.95%1.92%0.57%1.09%3.47%+253 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a