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Malvern Federal Savings Bank

Paoli, PA · Cert 27861

FDIC · 8 branches

Q2 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2023, the quarter ended June 30, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Malvern Federal Savings Bank

Paoli, PA · Cert 27861

FDIC · 8 branches

Q2 2023

$970.0MAssets
$792.0MLoans
$678.2MDeposits
$165.5MEquity
Loan mix
78%RE $349.9M22%C&I $98.2M0%Consumer $1.8MQ2 2022Q2 2023
Deposit mix
92%Interest-bearing $625.7M8%Noninterest $52.5MQ2 2022Q2 2023

NIM

3.14%Q2 ’213.17%Q2 ’224.36%Q2 ’23+15%+1%

Non-interest income vs. expense

1.77%Q2 ’212.28%Q2 ’222.39%Q2 ’23+38%-5%

Market Position · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD · 2023 SOD (annual) · 0.1% share · #33 of 95 inst. · $0.5B of $598.3B

2.9% Chester
0.5% Morris
0.2% Delaware
0.0% Palm Beach

Executive Summary

  • Earnings: ROA of 0.43%, down 12 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 2.27% of loans (+50 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 17.60%, up 227 bps from a year ago.
  • Funding: loans stand at 116.78% of deposits as of Q2 2023.

Financial Results

Return on Assets (YTD, annualized)

0.43%-12 bps YoY

Net Interest Margin (YTD, annualized)

2.83%+4 bps YoY

Efficiency Ratio (YTD, annualized)

73.58%-274 bps YoY

Tier 1 Leverage Ratio

17.60%+227 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets0.54%0.74%0.77%0.47%0.43%-12 bps
Return on Equity3.69%4.92%5.08%2.83%2.56%-113 bps
Net Interest Margin2.79%3.02%3.07%2.91%2.83%+4 bps
Efficiency Ratio76.32%70.33%68.80%80.11%73.58%-274 bps
Non-Interest Burden2.09%2.07%2.04%2.28%1.97%-11 bps
Growth
Asset Growth (YoY)-13.23%-13.57%-11.60%-9.47%-5.58%+765 bps
Loan Growth (YoY)-12.94%-12.97%-6.88%-1.49%-4.48%+846 bps
Deposit Growth (YoY)-12.85%-16.30%-19.23%-13.45%-15.22%-237 bps
Asset Quality
Nonperforming Loans / Loans1.77%1.73%1.85%1.84%2.27%+50 bps
Net Charge-Offs / Loans0.18%0.15%0.11%0.00%0.00%-18 bps
Allowance / Loans1.12%1.10%1.11%1.13%1.15%+3 bps
Allowance Coverage of NPLs0.6x0.6x0.6x0.6x0.5x-0.1x
Capital
Tier 1 Leverage Ratio15.33%16.30%16.53%17.01%17.60%+227 bps
Total Risk-Based Capital19.87%20.34%20.77%21.13%21.61%+174 bps
Equity / Assets15.73%15.64%16.30%16.63%17.06%+133 bps
Liquidity & Funding
Loans / Deposits103.65%104.15%110.38%108.31%116.78%+1,313 bps
Liquid Assets / Assets7.88%10.05%8.84%8.42%7.61%-27 bps
CRE / Total Capitaln/an/an/an/an/an/an/a