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Keystone State Savings Bank

Sharpsburg, PA · Cert 28416

FDIC

Q3 2009

$24.6MAssets
$3.5MLoans
$21.1MDeposits
$3.1MEquity
Deposit mix
96%Interest-bearing $20.3M4%Noninterest $0.8MQ3 2008Q3 2009

NIM

5.27%Q3 ’074.12%Q3 ’082.95%Q3 ’09-36%-26%

Non-interest income vs. expense

2.18%Q3 ’072.11%Q3 ’082.17%Q3 ’09-4%+2%

Executive Summary

  • Earnings: ROA of -0.91%, down 50 bps year over year; NIM at 1.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 16.62% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

-0.91%-50 bps YoY

Net Interest Margin (quarter, annualized)

1.17%-41 bps YoY

Efficiency Ratio (quarter, annualized)

171.79%+4,469 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-0.40%-0.35%-1.38%-7.54%-0.91%-50 bps
Return on Equity-2.75%-2.34%-9.18%-54.22%-7.06%-431 bps
Net Interest Margin1.58%1.54%1.92%1.49%1.17%-41 bps
Efficiency Ratio127.10%133.98%162.60%507%171.79%+4,469 bps
Non-Interest Burden2.03%2.10%3.17%8.02%2.07%+4 bps
Growth
Asset Growth (YoY)2.88%-5.57%-5.93%-4.58%-4.07%-695 bps
Loan Growth (YoY)17.54%33.54%31.96%25.92%-5.45%-2,299 bps
Deposit Growth (YoY)4.06%-5.92%-6.26%-4.27%-3.48%-754 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.27%1.14%1.18%1.27%1.34%+7 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 Capital68.12%71.53%70.56%62.11%61.82%-630 bps
Equity / Assets14.71%15.24%14.91%12.90%12.79%-192 bps
Liquidity & Funding
Loans / Deposits16.96%19.87%19.10%17.46%16.62%-35 bps
Liquid Assets / Assets82.55%80.25%80.61%82.51%83.44%+89 bps
CRE / Total Capitaln/an/an/an/an/an/an/a