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First Federal Savings and Loan Association of Hammond

Hammond, IN · Cert 28961

FDIC

Q1 2014

$39.6MAssets
$30.6MLoans
$36.7MDeposits
$50KEquity
Deposit mix
99%Interest-bearing $36.2M1%Noninterest $0.5MQ1 2013Q1 2014

NIM

4.39%Q1 ’124.42%Q1 ’134.23%Q1 ’14+6%-3%

Non-interest income vs. expense

2.76%Q1 ’123.51%Q1 ’1312.80%Q1 ’14+25%+281%

Executive Summary

  • Earnings: ROA of -8.99%, down 924 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 7.25%.
  • Funding: loans stand at 83.30% of deposits as of Q1 2014.

Financial Results

Return on Assets (quarter, annualized)

-8.99%-924 bps YoY

Net Interest Margin (quarter, annualized)

3.43%-10 bps YoY

Efficiency Ratio (quarter, annualized)

332%+23,919 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.25%-0.35%-0.13%-0.90%-8.99%-924 bps
Return on Equity9.64%-13.50%-5.02%-37.22%-726%-73,522 bps
Net Interest Margin3.53%3.35%3.25%3.32%3.43%-10 bps
Efficiency Ratio92.59%112.80%93.56%137.94%332%+23,919 bps
Non-Interest Burden3.25%3.75%3.00%4.39%12.38%+913 bps
Growth
Asset Growth (YoY)-12.38%-10.98%-11.09%-6.75%-5.48%+690 bps
Loan Growth (YoY)-12.10%-11.73%-11.76%-10.80%-8.29%+381 bps
Deposit Growth (YoY)-10.85%-6.79%-8.62%-8.69%-5.00%+585 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%1.43%3.39%0.93%-7.25%-732 bps
Allowance / Loans2.95%2.67%2.00%1.83%3.66%+71 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 Capital6.68%6.36%6.35%6.01%0.59%-609 bps
Equity / Assets2.71%2.53%2.50%2.33%0.13%-259 bps
Liquidity & Funding
Loans / Deposits86.29%84.04%84.42%84.02%83.30%-299 bps
Liquid Assets / Assets3.51%4.40%3.19%5.10%6.55%+305 bps
CRE / Total Capitaln/an/an/an/an/an/an/a