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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

4.28%Q2 ’104.08%Q2 ’113.84%Q2 ’12+5%+6%

Non-interest income vs. expense

3.65%Q2 ’104.23%Q2 ’118.63%Q2 ’12+13%+131%

Executive Summary

  • Earnings: ROA of -7.91%, down 720 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.34%.
  • Funding: loans stand at 87.24% of deposits as of Q2 2012.

Financial Results

Return on Assets (quarter, annualized)

-7.91%-720 bps YoY

Net Interest Margin (quarter, annualized)

3.09%+17 bps YoY

Efficiency Ratio (quarter, annualized)

237%+12,140 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets-0.71%-0.13%-0.67%-2.80%-7.91%-720 bps
Return on Equity-25.01%-4.17%-22.32%-115.19%-760%-73,535 bps
Net Interest Margin2.92%2.95%3.22%3.23%3.09%+17 bps
Efficiency Ratio115.68%99.69%114.88%154.34%237%+12,140 bps
Non-Interest Burden3.49%2.94%3.82%5.72%8.07%+458 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 / Loans-0.01%0.06%-0.01%0.80%0.34%+35 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