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First Federal Savings Bank

Sistersville, WV · Cert 28746

FDIC

Q2 2012

$48.1MAssets
$30.5MLoans
$39.0MDeposits
$8.0MEquity
Loan mix
89%RE $26.7M1%C&I $0.4M9%Consumer $2.8MQ2 2011Q2 2012
Deposit mix
97%Interest-bearing $37.9M3%Noninterest $1.1MQ2 2011Q2 2012

NIM

4.41%Q1 ’124.53%Q2 ’12+5%

Non-interest income vs. expense

2.83%Q1 ’122.97%Q2 ’120%

Executive Summary

  • Earnings: ROA of 0.81%, up 26 bps year over year; NIM at 3.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 78.10% of deposits as of Q2 2012.

Financial Results

Return on Assets (quarter, annualized)

0.81%+26 bps YoY

Net Interest Margin (quarter, annualized)

3.71%

Efficiency Ratio (quarter, annualized)

71.34%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets0.55%0.59%0.63%0.68%0.81%+26 bps
Return on Equityn/an/an/an/a4.81%n/an/a
Net Interest Marginn/an/an/a3.54%3.71%n/a
Efficiency Ration/an/an/a73.36%71.34%n/a
Non-Interest Burdenn/an/an/a2.51%2.51%n/a
Growth
Asset Growth (YoY)-4.94%-3.26%-4.25%-0.82%2.15%+709 bps
Loan Growth (YoY)-1.43%-0.97%1.38%7.95%14.94%+1,637 bps
Deposit Growth (YoY)-1.47%0.23%-2.30%2.13%4.96%+643 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/a0.00%0.08%n/a
Allowance / Loansn/an/an/a0.80%0.74%n/a
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 Capitaln/an/an/a36.54%29.97%n/a
Equity / Assetsn/an/an/a16.92%16.56%n/a
Liquidity & Funding
Loans / Deposits71.32%72.68%73.14%74.10%78.10%+679 bps
Liquid Assets / Assets0.00%0.00%0.00%10.85%9.16%+916 bps
CRE / Total Capitaln/an/an/an/an/an/an/a