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Fidelity Savings Bank

Pittsburgh, PA · Cert 28038

FDIC

Q3 2012

$643.0MAssets
$340.5MLoans
$464.8MDeposits
$56.5MEquity
Loan mix
89%RE $230.0M10%C&I $25.5M1%Consumer $2.7MQ3 2011Q3 2012
Deposit mix
85%Interest-bearing $395.3M15%Noninterest $69.5MQ3 2011Q3 2012

NIM

4.10%Q3 ’103.93%Q3 ’113.42%Q3 ’12+4%-10%

Non-interest income vs. expense

2.08%Q3 ’102.22%Q3 ’112.68%Q3 ’12+20%+8%

Executive Summary

  • Earnings: ROA of -0.03%, down 39 bps year over year; NIM at 2.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 73.24% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

-0.03%-39 bps YoY

Net Interest Margin (quarter, annualized)

2.10%-23 bps YoY

Efficiency Ratio (quarter, annualized)

93.55%+1,371 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.36%0.32%0.33%0.15%-0.03%-39 bps
Return on Equity4.49%3.90%4.01%1.73%-0.35%-484 bps
Net Interest Margin2.33%2.29%2.19%2.15%2.10%-23 bps
Efficiency Ratio79.83%78.18%83.43%84.09%93.55%+1,371 bps
Non-Interest Burden1.77%1.65%1.72%1.71%1.92%+14 bps
Growth
Asset Growth (YoY)-4.19%-4.74%-2.72%-0.24%-2.94%+125 bps
Loan Growth (YoY)-7.08%-3.14%0.14%-2.06%-3.79%+329 bps
Deposit Growth (YoY)0.50%2.54%5.81%4.91%3.21%+271 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.23%1.52%1.42%0.20%0.09%-14 bps
Allowance / Loans1.63%1.33%1.12%1.25%1.32%-30 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 Capital13.49%13.61%13.79%13.76%13.89%+40 bps
Equity / Assets8.12%8.33%8.37%8.49%8.79%+66 bps
Liquidity & Funding
Loans / Deposits78.58%77.37%72.51%72.02%73.24%-533 bps
Liquid Assets / Assets14.73%15.08%16.52%15.45%15.45%+72 bps
CRE / Total Capitaln/an/an/an/an/an/an/a