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Second Federal Savings and Loan Association of Chicago

Chicago, IL · Cert 27986

FDIC

Q2 2012

$190.9MAssets
$141.9MLoans
$171.6MDeposits
$-1347KEquity
Deposit mix
91%Interest-bearing $156.4M9%Noninterest $15.2MQ2 2011Q2 2012

NIM

3.95%Q1 ’123.81%Q2 ’12-4%

Non-interest income vs. expense

4.60%Q1 ’124.67%Q2 ’12+9%

Executive Summary

  • Earnings: ROA of -7.85%, down 572 bps year over year; NIM at 2.87%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.22%.
  • Funding: loans stand at 82.66% of deposits as of Q2 2012.

Financial Results

Return on Assets (quarter, annualized)

-7.85%-572 bps YoY

Net Interest Margin (quarter, annualized)

2.87%

Efficiency Ratio (quarter, annualized)

160.43%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets-2.13%-2.24%-2.82%-3.16%-7.85%-572 bps
Return on Equityn/an/an/an/a-2804%n/an/a
Net Interest Marginn/an/an/a2.98%2.87%n/a
Efficiency Ration/an/an/a137.19%160.43%n/a
Non-Interest Burdenn/an/an/a4.23%4.63%n/a
Growth
Asset Growth (YoY)-2.71%-3.99%-5.63%-6.69%-9.80%-709 bps
Loan Growth (YoY)-11.25%-10.95%-10.21%-7.81%-8.69%+257 bps
Deposit Growth (YoY)3.95%0.01%-4.06%-3.54%-5.56%-951 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/a2.85%7.22%n/a
Allowance / Loansn/an/an/a2.53%2.91%n/a
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 Capitaln/an/an/a2.73%-1.28%n/a
Equity / Assetsn/an/an/a1.23%-0.71%n/a
Liquidity & Funding
Loans / Deposits85.49%84.05%86.27%83.44%82.66%-283 bps
Liquid Assets / Assets0.00%0.00%0.00%9.15%5.27%+527 bps
CRE / Total Capitaln/an/an/an/an/an/an/a