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Patriot Bank

Pottstown, PA · Cert 28673

FDIC

Q1 2004

$1.0BAssets
$635.5MLoans
$641.8MDeposits
$86.2MEquity
Loan mix
87%RE $287.1M13%C&I $42.4M1%Consumer $2.0MQ1 2003Q1 2004
Deposit mix
96%Interest-bearing $616.9M4%Noninterest $24.9MQ1 2003Q1 2004

NIM

6.84%Q1 ’026.29%Q1 ’035.68%Q1 ’04+15%+1%

Non-interest income vs. expense

2.13%Q1 ’022.57%Q1 ’032.89%Q1 ’04+28%+9%

Executive Summary

  • Earnings: ROA of 0.81%, down 18 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.53%.
  • Funding: loans stand at 99.02% of deposits as of Q1 2004.

Financial Results

Return on Assets (quarter, annualized)

0.81%-18 bps YoY

Net Interest Margin (quarter, annualized)

3.44%+2 bps YoY

Efficiency Ratio (quarter, annualized)

66.76%+525 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets0.99%1.06%1.06%1.06%0.81%-18 bps
Return on Equity11.56%12.23%12.85%13.51%9.98%-158 bps
Net Interest Margin3.41%3.10%3.33%3.60%3.44%+2 bps
Efficiency Ratio61.51%59.73%63.07%58.73%66.76%+525 bps
Non-Interest Burden1.89%1.52%1.76%1.78%2.06%+18 bps
Growth
Asset Growth (YoY)0.19%-0.88%2.23%4.33%2.66%+246 bps
Loan Growth (YoY)-6.96%-7.56%-5.90%1.13%4.79%+1,175 bps
Deposit Growth (YoY)6.71%18.19%16.64%18.18%12.60%+589 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.50%0.54%0.94%0.59%0.53%+3 bps
Allowance / Loans1.20%1.22%1.12%1.09%1.11%-9 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 Capital12.85%12.47%11.35%11.29%11.70%-115 bps
Equity / Assets8.60%8.66%7.91%7.82%8.32%-28 bps
Liquidity & Funding
Loans / Deposits106.40%98.65%96.98%102.52%99.02%-738 bps
Liquid Assets / Assets0.25%0.11%0.28%0.16%0.32%+7 bps
CRE / Total Capitaln/an/an/an/an/an/an/a