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Hartford Savings Bank

Hartford, WI · Cert 28531

FDIC

Q4 2013

$175.4MAssets
$122.7MLoans
$154.3MDeposits
$18.9MEquity
Deposit mix
94%Interest-bearing $144.4M6%Noninterest $9.9MQ4 2012Q4 2013

NIM

4.32%Q4 ’113.75%Q4 ’123.47%Q4 ’13-6%-5%

Non-interest income vs. expense

2.84%Q4 ’113.04%Q4 ’123.03%Q4 ’13+12%+3%

Executive Summary

  • Earnings: ROA of 0.23%, up 15 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.70%.
  • Funding: loans stand at 79.51% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

0.23%+15 bps YoY

Net Interest Margin (quarter, annualized)

3.14%-15 bps YoY

Efficiency Ratio (quarter, annualized)

88.62%+742 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.08%0.10%0.41%0.17%0.23%+15 bps
Return on Equity0.83%0.98%3.84%1.60%2.11%+128 bps
Net Interest Margin3.29%2.94%3.56%3.16%3.14%-15 bps
Efficiency Ratio81.20%83.19%80.51%90.63%88.62%+742 bps
Non-Interest Burden2.68%2.41%2.86%2.86%2.75%+7 bps
Growth
Asset Growth (YoY)-7.78%-8.71%-9.94%-8.66%-6.15%+163 bps
Loan Growth (YoY)-10.75%-9.05%-8.74%-7.34%-1.97%+878 bps
Deposit Growth (YoY)-8.31%-9.25%-10.41%-9.41%-6.92%+139 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.20%1.29%0.24%2.53%0.70%+51 bps
Allowance / Loans3.39%3.27%3.33%2.79%2.58%-81 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 Capital16.61%17.35%17.63%17.94%18.08%+147 bps
Equity / Assets10.03%10.54%10.59%10.82%10.80%+77 bps
Liquidity & Funding
Loans / Deposits75.50%78.28%79.49%79.97%79.51%+402 bps
Liquid Assets / Assets0.93%0.31%0.37%0.21%0.32%-61 bps
CRE / Total Capitaln/an/an/an/an/an/an/a