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American Savings Bank, FSB

Portsmouth, OH · Cert 29597

FDIC · 6 branches

Q1 2018

$285.4MAssets
$243.3MLoans
$203.1MDeposits
$31.7MEquity
Loan mix
93%RE $208.1M5%C&I $12.0M1%Consumer $2.5MQ2 2016Q1 2018
Deposit mix
84%Interest-bearing $170.0M16%Noninterest $33.1MQ2 2016Q1 2018

Market Position · Cincinnati, OH-KY-IN · 2017 SOD (annual) · 0.0% share · #62 of 66 inst. · $0.0B of $112.3B

21.1% Scioto
0.0% Hamilton
4.9% Pike
2.5% Greenup

Executive Summary

  • Earnings: ROA of 1.03%, up 14 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 0.37% of loans (-2 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.28%, up 15 bps from a year ago.
  • Funding: loans stand at 119.82% of deposits as of Q1 2018.

Return on Assets (quarter, annualized)

1.03%+14 bps YoY

Net Interest Margin (quarter, annualized)

3.80%-2 bps YoY

Efficiency Ratio (quarter, annualized)

78.46%+170 bps YoY

Tier 1 Leverage Ratio

10.28%+15 bps YoY

NIM

4.34%Q1 ’164.33%Q1 ’174.48%Q1 ’18+1%-1%

Non-interest income vs. expense

3.89%Q1 ’164.04%Q1 ’173.83%Q1 ’18-5%+6%

Discrete quarter, annualized.

MetricQ2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets0.83%1.13%0.87%0.89%1.12%1.01%0.87%1.03%+14 bps
Return on Equity7.56%10.34%7.85%8.09%10.50%9.59%8.14%9.42%+133 bps
Net Interest Margin3.85%3.85%3.81%3.82%3.90%3.87%3.86%3.80%-2 bps
Efficiency Ratio76.49%70.49%76.77%76.76%70.62%71.98%74.48%78.46%+170 bps
Non-Interest Burden2.54%2.10%2.48%2.57%2.17%2.31%2.52%2.72%+15 bps
Growth
Asset Growth (YoY)7.43%7.93%6.02%7.56%9.06%7.28%5.87%1.85%-571 bps
Loan Growth (YoY)11.48%11.99%9.05%10.55%8.78%10.59%8.93%3.52%-703 bps
Deposit Growth (YoY)3.83%1.57%-1.47%-1.02%3.82%3.98%3.53%3.27%+429 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.40%0.50%0.47%0.46%0.37%-2 bps
Net Charge-Offs / Loans0.36%0.00%0.07%0.02%0.09%0.07%0.07%0.01%-1 bps
Allowance / Loans0.66%0.66%0.64%0.63%0.60%0.58%0.57%0.60%-4 bps
Allowance Coverage of NPLsn/an/an/a1.6x1.2x1.2x1.2x1.6x0.0x
Capital
Tier 1 Leverage Ratio10.12%10.23%10.23%10.13%10.05%9.84%9.91%10.28%+15 bps
Total Risk-Based Capital14.72%14.97%14.96%14.65%14.29%13.88%14.02%14.63%-2 bps
Equity / Assets10.85%11.01%11.17%10.89%10.49%10.60%10.78%11.10%+21 bps
Liquidity & Funding
Loans / Deposits109.49%113.65%116.29%119.53%114.73%120.87%122.36%119.82%+29 bps
Liquid Assets / Assets1.02%1.52%0.98%1.58%1.59%1.79%1.00%0.66%-92 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a