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Franklin Federal Savings Bank

Glen Allen, VA · Cert 28798

FDIC · 8 branches

Q4 2014

$1.1BAssets
$519.6MLoans
$698.2MDeposits
$213.1MEquity
Deposit mix
99%Interest-bearing $692.1M1%Noninterest $6.1MQ1 2013Q4 2014

Market Position · Richmond, VA · 2014 SOD (annual) · 1.0% share · #8 of 32 inst. · $0.7B of $68.3B

0.8% Henrico
1.1% Richmond (City)
6.2% Hanover
1.8% Chesterfield

Executive Summary

  • Earnings: ROA of -0.54%, down 111 bps year over year; NIM at 2.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.33%.
  • Funding: loans stand at 74.43% of deposits as of Q4 2014.

Return on Assets (YTD, annualized)

-0.54%-111 bps YoY

Net Interest Margin (YTD, annualized)

2.38%0 bps YoY

Efficiency Ratio (YTD, annualized)

105.70%+4,073 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.18%Q4 ’123.79%Q4 ’133.75%Q4 ’14-7%0%

Non-interest income vs. expense

1.73%Q4 ’121.77%Q4 ’132.78%Q4 ’14+10%+77%

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets0.90%0.68%0.66%0.56%0.92%0.90%0.47%1-0.54%-111 bps
Return on Equity5.25%3.89%3.75%3.15%4.86%4.77%2.49%-2.84%-599 bps
Net Interest Margin2.43%2.39%2.39%2.39%2.63%2.66%2.50%2.38%0 bps
Efficiency Ratio64.65%66.84%65.73%64.97%62.61%60.10%64.16%105.70%+4,073 bps
Non-Interest Burden1.40%1.48%1.45%1.43%1.53%1.46%1.52%2.53%+110 bps
Growth
Asset Growth (YoY)-2.93%-1.50%-0.74%3.19%7.00%7.56%5.81%3.28%+9 bps
Loan Growth (YoY)-2.73%5.54%11.62%20.11%21.30%12.15%6.34%-4.98%-2,508 bps
Deposit Growth (YoY)-1.59%-2.41%0.81%2.53%6.67%7.96%5.81%4.42%+189 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%0.43%0.32%0.29%0.03%0.09%1.72%1.33%+104 bps
Allowance / Loans2.30%2.02%1.95%1.91%1.93%1.92%2.35%2.31%+40 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital27.60%28.23%27.57%28.22%29.74%30.72%33.23%36.50%+828 bps
Equity / Assets17.36%17.81%18.04%19.03%18.89%19.00%18.90%19.75%+72 bps
Liquidity & Funding
Loans / Deposits72.15%76.13%76.59%81.79%82.05%79.09%76.97%74.43%-736 bps
Liquid Assets / Assets12.15%11.95%13.63%15.73%16.34%18.38%28.01%31.40%+1,566 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a