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Fraternity Federal Savings and Loan Association

Baltimore, MD · Cert 28283

FDIC · 4 branches

Q1 2016

$160.9MAssets
$112.2MLoans
$116.4MDeposits
$23.5MEquity
Deposit mix
95%Interest-bearing $110.4M5%Noninterest $6.0MQ2 2014Q1 2016

Market Position · Baltimore-Columbia-Towson, MD · 2015 SOD (annual) · 0.2% share · #37 of 65 inst. · $0.1B of $67.4B

0.8% Howard
0.3% Baltimore
0.1% Baltimore (City)
0.2% Carroll

Executive Summary

  • Earnings: ROA of 0.16%, down 1 bps year over year; NIM at 2.39%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 14.53%, down 4 bps from a year ago.
  • Funding: loans stand at 96.39% of deposits as of Q1 2016.

Return on Assets (quarter, annualized)

0.16%-1 bps YoY

Net Interest Margin (quarter, annualized)

2.39%-18 bps YoY

Efficiency Ratio (quarter, annualized)

91.95%-224 bps YoY

Tier 1 Leverage Ratio

14.53%-4 bps YoY

NIM

3.77%Q1 ’143.64%Q1 ’153.51%Q1 ’16-5%-7%

Non-interest income vs. expense

3.04%Q1 ’142.53%Q1 ’152.32%Q1 ’16-18%-9%

Discrete quarter, annualized.

MetricQ2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets0.28%-0.34%0.37%0.18%-1.26%0.07%-0.17%0.16%-1 bps
Return on Equity1.97%-2.39%2.58%1.21%-8.75%0.51%-1.15%1.13%-8 bps
Net Interest Margin2.69%2.54%2.64%2.57%2.57%2.43%2.46%2.39%-18 bps
Efficiency Ratio96.15%99.54%103.22%94.20%95.33%103.12%99.81%91.95%-224 bps
Non-Interest Burden2.57%2.52%2.73%2.42%2.45%2.52%2.45%2.19%-23 bps
Growth
Asset Growth (YoY)-0.27%-1.46%-1.77%-0.96%-1.83%-0.87%-1.40%-1.85%-89 bps
Loan Growth (YoY)1.04%0.20%2.80%1.29%-0.42%-1.55%-4.38%-6.64%-793 bps
Deposit Growth (YoY)-0.44%-2.14%-3.12%-2.26%-2.40%-1.31%-1.70%-1.96%+31 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.31%-0.01%0.01%-0.06%3.22%0.26%0.01%0.00%+6 bps
Allowance / Loans1.29%1.58%1.38%1.37%1.40%1.34%1.36%1.38%+1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/a14.57%14.31%14.49%14.44%14.53%-4 bps
Total Risk-Based Capital27.00%27.26%27.61%27.19%26.92%27.19%27.62%28.08%+89 bps
Equity / Assets14.21%14.37%14.53%14.58%14.32%14.51%14.47%14.59%+1 bps
Liquidity & Funding
Loans / Deposits98.04%99.15%100.55%101.23%100.03%98.91%97.81%96.39%-484 bps
Liquid Assets / Assets12.75%13.38%12.71%12.97%13.34%14.59%15.63%18.12%+515 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a