PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Madison Bank, The

Blue Bell, PA · Cert 27568

FDIC

Q3 2004

$216.2MAssets
$199.2MLoans
$179.5MDeposits
$7.2MEquity
Deposit mix
76%Interest-bearing $135.9M24%Noninterest $43.7MQ3 2003Q3 2004

NIM

7.01%Q3 ’026.24%Q3 ’036.33%Q3 ’04+2%+3%

Non-interest income vs. expense

7.27%Q3 ’027.47%Q3 ’0326.77%Q3 ’04-16%+757%

Executive Summary

  • Earnings: ROA of -21.20%, down 2,236 bps year over year; NIM at 4.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.30%.
  • Funding: loans stand at 110.93% of deposits as of Q3 2004.

Financial Results

Return on Assets (quarter, annualized)

-21.20%-2,236 bps YoY

Net Interest Margin (quarter, annualized)

4.90%+15 bps YoY

Efficiency Ratio (quarter, annualized)

349%+26,926 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets1.16%0.83%0.37%0.66%-21.20%-2,236 bps
Return on Equity14.67%9.73%4.14%7.45%-355%-37,003 bps
Net Interest Margin4.75%4.68%4.79%4.87%4.90%+15 bps
Efficiency Ratio79.29%81.54%91.05%86.35%349%+26,926 bps
Non-Interest Burden2.80%3.11%4.16%3.75%23.99%+2,119 bps
Growth
Asset Growth (YoY)8.73%6.21%-5.09%-5.37%2.20%-653 bps
Loan Growth (YoY)13.93%5.42%3.77%3.97%8.71%-522 bps
Deposit Growth (YoY)8.68%3.31%-6.20%-14.85%-6.70%-1,538 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.47%0.28%0.39%0.03%1.30%+83 bps
Allowance / Loans0.66%0.69%0.66%0.66%1.03%+36 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 Capital12.40%12.62%12.71%11.97%5.52%-688 bps
Equity / Assets8.35%8.67%9.17%8.63%3.31%-505 bps
Liquidity & Funding
Loans / Deposits95.20%95.84%99.75%111.47%110.93%+1,572 bps
Liquid Assets / Assets0.05%4.26%2.57%2.08%2.07%+202 bps
CRE / Total Capitaln/an/an/an/an/an/an/a