PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Towne Bank

Cincinnati, OH · Cert 28009

FDIC

Q3 2002

$241.4MAssets
$209.9MLoans
$190.0MDeposits
$18.7MEquity
Loan mix
66%RE $87.3M34%C&I $45.3M0%Consumer $0.2MQ3 2001Q3 2002
Deposit mix
94%Interest-bearing $179.4M6%Noninterest $10.6MQ3 2001Q3 2002

NIM

8.32%Q1 ’018.00%Q3 ’016.93%Q3 ’02+17%-1%

Non-interest income vs. expense

2.20%Q1 ’012.75%Q3 ’012.49%Q3 ’02-63%+160%

Executive Summary

  • Earnings: ROA of 1.22%, down 56 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.30%.
  • Funding: loans stand at 110.46% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

1.22%-56 bps YoY

Net Interest Margin (quarter, annualized)

3.76%-4 bps YoY

Efficiency Ratio (quarter, annualized)

55.36%+859 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.79%1.09%1.05%0.84%1.22%-56 bps
Return on Equity23.70%14.49%13.88%11.06%16.01%-768 bps
Net Interest Margin3.80%3.79%3.74%3.77%3.76%-4 bps
Efficiency Ratio46.77%51.04%58.48%60.73%55.36%+859 bps
Non-Interest Burden0.67%1.78%2.02%2.10%1.75%+108 bps
Growth
Asset Growth (YoY)5.72%9.59%6.41%15.90%15.05%+932 bps
Loan Growth (YoY)6.68%2.88%6.54%16.61%9.65%+297 bps
Deposit Growth (YoY)-2.99%4.61%2.83%8.26%15.14%+1,812 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.47%0.35%0.01%0.18%0.30%-17 bps
Allowance / Loans1.27%1.30%1.28%1.28%1.30%+3 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 Capital10.28%10.38%10.10%10.11%10.46%+18 bps
Equity / Assets7.66%7.40%7.70%7.53%7.74%+8 bps
Liquidity & Funding
Loans / Deposits115.99%103.98%110.59%115.81%110.46%-553 bps
Liquid Assets / Assets0.82%0.78%0.77%0.65%0.64%-18 bps
CRE / Total Capitaln/an/an/an/an/an/an/a