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Home Savings Bank, SSB of Eden

Eden, NC · Cert 28010

FDIC

Q4 2004

$106.9MAssets
$51.7MLoans
$87.8MDeposits
$17.6MEquity
Loan mix
95%RE $45.6M5%C&I $2.2M0%Consumer $0.1MQ4 2003Q4 2004
Deposit mix
97%Interest-bearing $84.8M3%Noninterest $3.0MQ4 2003Q4 2004

NIM

5.78%Q4 ’024.83%Q4 ’034.90%Q4 ’04-14%+8%

Non-interest income vs. expense

1.91%Q4 ’021.79%Q4 ’031.98%Q4 ’04-10%+6%

Executive Summary

  • Earnings: ROA of 0.58%, unchanged from a year ago; NIM at 2.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 58.91% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

0.58%0 bps YoY

Net Interest Margin (quarter, annualized)

2.62%+19 bps YoY

Efficiency Ratio (quarter, annualized)

67.43%-7 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets0.58%0.44%0.65%0.53%0.58%0 bps
Return on Equity3.69%2.73%4.12%3.31%3.55%-15 bps
Net Interest Margin2.43%2.33%2.35%2.51%2.62%+19 bps
Efficiency Ratio67.50%71.39%60.42%67.12%67.43%-7 bps
Non-Interest Burden1.57%1.60%1.31%1.62%1.67%+9 bps
Growth
Asset Growth (YoY)10.90%1.09%0.95%-1.11%-2.32%-1,322 bps
Loan Growth (YoY)-10.47%-10.50%-7.33%-2.91%0.62%+1,109 bps
Deposit Growth (YoY)12.12%0.67%1.16%-2.02%-3.28%-1,539 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%0.03%0.08%0.12%0.12%+6 bps
Allowance / Loans0.61%0.64%0.65%0.65%0.64%+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 Capital36.33%37.49%38.07%38.31%38.44%+212 bps
Equity / Assets15.85%16.03%15.59%16.33%16.48%+63 bps
Liquidity & Funding
Loans / Deposits56.63%56.37%55.84%57.16%58.91%+228 bps
Liquid Assets / Assets7.68%1.84%2.71%2.73%2.95%-473 bps
CRE / Total Capitaln/an/an/an/an/an/an/a