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First Federal Savings & Loan Association of Bucks County

Bristol, PA · Cert 28835

FDIC · 11 branches

Q2 2015

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2015, the quarter ended June 30, 2015, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First Federal Savings & Loan Association of Bucks County

Bristol, PA · Cert 28835

FDIC · 11 branches

Q2 2015

$769.4MAssets
$552.9MLoans
$579.4MDeposits
$83.4MEquity
Loan mix
94%RE $453.5M5%C&I $24.9M1%Consumer $5.5MQ2 2014Q2 2015
Deposit mix
92%Interest-bearing $531.2M8%Noninterest $48.3MQ2 2014Q2 2015

NIM

3.74%Q2 ’133.66%Q2 ’143.66%Q2 ’15+3%+2%

Non-interest income vs. expense

2.37%Q2 ’132.36%Q2 ’142.37%Q2 ’15+11%0%

Market Position · Philadelphia-Camden-Wilmington, PA-NJ-DE-MD · 2015 SOD (annual) · 0.1% share · #39 of 133 inst. · $0.6B of $437.1B

Executive Summary

  • Earnings: ROA of 0.58%, down 7 bps year over year; NIM at 3.07%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 11.23%.
  • Funding: loans stand at 95.42% of deposits as of Q2 2015.

Financial Results

Return on Assets (YTD, annualized)

0.58%-7 bps YoY

Net Interest Margin (YTD, annualized)

3.07%+5 bps YoY

Efficiency Ratio (YTD, annualized)

71.94%-91 bps YoY

Tier 1 Leverage Ratio

11.23%

Year to date, annualized, through each quarter.

MetricQ2 2014Q3 2014Q4 2014Q1 2015Q2 2015YoY ΔTrend
Earnings
Return on Assets0.66%0.69%0.58%0.57%0.58%-7 bps
Return on Equity6.11%6.44%5.38%5.22%5.36%-75 bps
Net Interest Margin3.03%3.02%3.00%3.15%3.07%+5 bps
Efficiency Ratio72.85%71.96%75.25%73.09%71.94%-91 bps
Non-Interest Burden2.15%2.11%2.20%2.25%2.14%-1 bps
Growth
Asset Growth (YoY)4.85%5.38%8.12%6.44%5.96%+111 bps
Loan Growth (YoY)9.31%5.35%8.80%11.32%9.88%+58 bps
Deposit Growth (YoY)4.68%2.61%3.13%2.06%-0.14%-482 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.01%-0.01%0.03%0.04%+4 bps
Allowance / Loans0.86%0.84%0.85%0.86%0.87%+1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/a11.15%11.23%n/a
Total Risk-Based Capital18.86%18.54%18.17%16.11%15.85%-301 bps
Equity / Assets10.84%10.87%10.79%11.10%10.83%-1 bps
Liquidity & Funding
Loans / Deposits86.71%89.91%93.16%94.87%95.42%+871 bps
Liquid Assets / Assets12.60%12.51%12.29%10.64%10.88%-171 bps
CRE / Total Capitaln/an/an/an/an/an/an/a