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Waukegan Savings and Loan, S.B.

Waukegan, IL · Cert 28243

FDIC

Q2 2012

$83.7MAssets
$63.7MLoans
$73.0MDeposits
$41KEquity
Loan mix
81%RE $47.7M19%C&I $11.1M0%Consumer $0.2MQ2 2011Q2 2012
Deposit mix
95%Interest-bearing $69.1M5%Noninterest $3.9MQ2 2011Q2 2012

NIM

4.30%Q2 ’104.12%Q2 ’113.98%Q2 ’12+10%+10%

Non-interest income vs. expense

3.93%Q2 ’104.99%Q2 ’117.90%Q2 ’12+32%+60%

Executive Summary

  • Earnings: ROA of -5.35%, down 160 bps year over year; NIM at 3.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.57%.
  • Funding: loans stand at 87.24% of deposits as of Q2 2012.

Financial Results

Return on Assets (YTD, annualized)

-5.35%-160 bps YoY

Net Interest Margin (YTD, annualized)

3.18%+28 bps YoY

Efficiency Ratio (YTD, annualized)

190.65%+5,040 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets-3.75%-2.57%-2.11%-2.80%-5.35%-160 bps
Return on Equity-110.12%-77.13%-64.76%-115.19%-320%-21,031 bps
Net Interest Margin2.90%2.97%3.08%3.23%3.18%+28 bps
Efficiency Ratio140.24%125.24%122.61%154.34%190.65%+5,040 bps
Non-Interest Burden4.33%3.94%3.98%5.72%6.94%+261 bps
Growth
Asset Growth (YoY)-6.62%-6.42%-5.97%-4.54%-7.30%-68 bps
Loan Growth (YoY)-10.40%-10.03%-4.49%0.20%-0.42%+998 bps
Deposit Growth (YoY)-3.12%-3.68%-2.85%-1.82%-6.27%-315 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.76%1.88%1.38%0.80%0.57%-218 bps
Allowance / Loans1.28%1.45%1.56%1.49%2.39%+110 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 Capital6.23%6.07%5.70%4.56%0.65%-558 bps
Equity / Assets2.92%3.12%2.90%1.97%0.05%-287 bps
Liquidity & Funding
Loans / Deposits82.11%84.14%84.66%83.00%87.24%+513 bps
Liquid Assets / Assets5.19%6.52%7.14%7.83%4.52%-68 bps
CRE / Total Capitaln/an/an/an/an/an/an/a