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First Savings Bank of Norwood

Norwood, OH · Cert 27736

FDIC

Q4 2003

$25.0MAssets
$19.9MLoans
$23.8MDeposits
$983KEquity
Deposit mix
92%Interest-bearing $22.0M8%Noninterest $1.8MQ4 2002Q4 2003

NIM

6.73%Q4 ’015.58%Q4 ’024.15%Q4 ’03-8%-21%

Non-interest income vs. expense

5.22%Q4 ’016.32%Q4 ’026.41%Q4 ’03+14%+23%

Executive Summary

  • Earnings: ROA of -3.19%, down 196 bps year over year; NIM at 2.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 83.39% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

-3.19%-196 bps YoY

Net Interest Margin (quarter, annualized)

2.64%-69 bps YoY

Efficiency Ratio (quarter, annualized)

208%+7,668 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets-1.22%-1.83%-4.86%-2.10%-3.19%-196 bps
Return on Equity-19.42%-29.53%-88.35%-43.55%-73.20%-5,378 bps
Net Interest Margin3.33%2.64%3.06%3.41%2.64%-69 bps
Efficiency Ratio131.74%193.69%250%165.86%208%+7,668 bps
Non-Interest Burden4.90%5.62%8.14%6.03%6.01%+111 bps
Growth
Asset Growth (YoY)-4.39%-7.93%-4.58%-15.44%-11.99%-760 bps
Loan Growth (YoY)-7.11%-14.53%-8.28%-11.85%-6.73%+38 bps
Deposit Growth (YoY)-4.65%-7.63%-3.50%-14.01%-9.86%-521 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.67%0.00%0.00%0 bps
Allowance / Loans0.99%1.00%0.76%0.81%0.97%-2 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 Capital13.12%12.33%9.94%9.82%8.31%-481 bps
Equity / Assets6.24%6.14%4.86%4.77%3.94%-230 bps
Liquidity & Funding
Loans / Deposits80.59%83.63%83.91%88.94%83.39%+280 bps
Liquid Assets / Assets11.57%8.29%5.67%5.06%4.90%-668 bps
CRE / Total Capitaln/an/an/an/an/an/an/a