PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Flatbush Federal Savings and Loan Association

New York, NY · Cert 29435

FDIC

Q3 2012

$137.4MAssets
$84.3MLoans
$112.7MDeposits
$17.7MEquity
Deposit mix
95%Interest-bearing $107.0M5%Noninterest $5.7MQ3 2011Q3 2012

NIM

4.26%Q1 ’124.06%Q2 ’124.12%Q3 ’12-5%+5%

Non-interest income vs. expense

3.55%Q1 ’126.50%Q2 ’125.93%Q3 ’12+129%-10%

Executive Summary

  • Earnings: ROA of -1.32%, down 66 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 74.87% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

-1.32%-66 bps YoY

Net Interest Margin (quarter, annualized)

3.21%

Efficiency Ratio (quarter, annualized)

173.12%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets-0.66%-0.38%13.39%-1.84%-1.32%-66 bps
Return on Equityn/an/an/a-14.41%-10.35%n/a
Net Interest Marginn/an/a3.24%3.06%3.21%n/a
Efficiency Ration/an/a12.58%201%173.12%n/a
Non-Interest Burdenn/an/a-21.46%6.33%5.72%n/a
Growth
Asset Growth (YoY)-3.74%-2.92%0.37%2.28%-4.79%-105 bps
Loan Growth (YoY)-10.06%-10.54%-12.44%-12.18%-14.85%-479 bps
Deposit Growth (YoY)-4.04%-2.06%1.47%3.56%-1.98%+207 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a5.98%0.29%-0.02%n/a
Allowance / Loansn/an/a1.17%1.22%1.30%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/a25.60%24.90%25.44%n/a
Equity / Assetsn/an/a12.85%12.64%12.91%n/a
Liquidity & Funding
Loans / Deposits86.19%82.60%76.76%74.88%74.87%-1,132 bps
Liquid Assets / Assets0.00%0.00%21.18%22.11%23.63%+2,363 bps
CRE / Total Capitaln/an/an/an/an/an/an/a