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Cincinnati Federal Savings and Loan Association

Cincinnati, OH · Cert 28346

FDIC · 5 branches

Q3 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2023, the quarter ended September 30, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Cincinnati Federal Savings and Loan Association

Cincinnati, OH · Cert 28346

FDIC · 5 branches

Q3 2023

$311.1MAssets
$273.6MLoans
$214.4MDeposits
$38.3MEquity
Loan mix
100%RE $229.5M0%C&I $0.2M0%Consumer $0.3MQ3 2022Q3 2023
Deposit mix
94%Interest-bearing $201.7M6%Noninterest $12.7MQ3 2022Q3 2023

NIM

3.24%Q3 ’213.26%Q3 ’224.27%Q3 ’23+10%-19%

Non-interest income vs. expense

5.63%Q3 ’213.99%Q3 ’223.32%Q3 ’23+21%+12%

Market Position · Cincinnati, OH-KY-IN · 2023 SOD (annual) · 0.1% share · #27 of 57 inst. · $0.2B of $193.1B

0.1% Hamilton
0.7% Boone

Executive Summary

  • Earnings: ROA of 0.16%, down 58 bps year over year; NIM at 2.26%.
  • Asset quality: problem loans at 0.02% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.64%, down 62 bps from a year ago.
  • Funding: loans stand at 127.59% of deposits as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

0.16%-58 bps YoY

Net Interest Margin (YTD, annualized)

2.26%-53 bps YoY

Efficiency Ratio (YTD, annualized)

93.69%+1,327 bps YoY

Tier 1 Leverage Ratio

12.64%-62 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets0.74%0.61%0.54%0.17%0.16%-58 bps
Return on Equity5.36%4.55%4.28%1.39%1.28%-408 bps
Net Interest Margin2.79%2.78%2.49%2.43%2.26%-53 bps
Efficiency Ratio80.43%82.37%82.35%93.27%93.69%+1,327 bps
Non-Interest Burden1.83%1.97%1.78%2.19%2.04%+21 bps
Growth
Asset Growth (YoY)17.50%20.44%19.14%8.67%6.51%-1,099 bps
Loan Growth (YoY)20.52%27.09%23.71%10.92%9.38%-1,113 bps
Deposit Growth (YoY)19.99%10.38%5.06%-7.37%-7.37%-2,736 bps
Asset Quality
Nonperforming Loans / Loans0.02%0.02%0.02%0.02%0.02%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.73%0.71%0.71%0.70%0.68%-5 bps
Allowance Coverage of NPLs34.0x34.4x35.3x36.0x36.7x+2.7x
Capital
Tier 1 Leverage Ratio13.27%13.09%12.87%12.78%12.64%-62 bps
Total Risk-Based Capital17.13%16.89%17.37%16.98%16.60%-53 bps
Equity / Assets12.86%12.45%12.57%12.46%12.30%-56 bps
Liquidity & Funding
Loans / Deposits108.05%111.56%115.97%127.60%127.59%+1,954 bps
Liquid Assets / Assets4.61%4.57%4.03%3.18%3.38%-123 bps
CRE / Total Capitaln/an/an/an/an/an/an/a