First Federal Savings Bank

Monessen, PA · Cert 29943

FDIC · 7 branches

Q3 2014

$324.8MAssets

$286.9MLoans

$211.6MDeposits

$47.0MEquity

Loan mix

Deposit mix

NIM

Market Position · Pittsburgh, PA · 2014 SOD (annual) · 0.2% share · #29 of 57 inst. · $0.2B of $98.3B

1.5% Westmoreland

1.9% Washington

2.0% Fayette

Earnings: ROA of 0.45%, down 36 bps year over year; NIM at 3.30%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
Funding: loans stand at 135.57% of deposits as of Q3 2014.

Return on Assets (YTD, annualized)

0.45%-36 bps YoY

Net Interest Margin (YTD, annualized)

3.30%+10 bps YoY

Efficiency Ratio (YTD, annualized)

82.26%+1,356 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q3 2013	Q4 2013	Q1 2014	Q2 2014	Q3 2014	YoY Δ	Trend
Earnings
Return on Assets	0.81%	0.75%	0.73%	0.23%	0.45%	-36 bps
Return on Equity	5.53%	5.14%	5.09%	1.63%	3.13%	-240 bps
Net Interest Margin	3.20%	3.22%	3.28%	3.28%	3.30%	+10 bps
Efficiency Ratio	68.70%	69.01%	71.31%	87.49%	82.26%	+1,356 bps
Non-Interest Burden	1.77%	1.80%	1.98%	2.71%	2.50%	+73 bps
Growth
Asset Growth (YoY)	0.26%	0.05%	3.06%	5.24%	0.83%	+58 bps
Loan Growth (YoY)	8.28%	7.81%	8.79%	11.35%	8.29%	+1 bps
Deposit Growth (YoY)	-0.12%	1.45%	5.03%	2.39%	-7.29%	-717 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.03%	0.12%	-0.01%	-0.01%	0.03%	0 bps
Allowance / Loans	1.21%	1.22%	1.22%	1.26%	1.24%	+3 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	23.40%	21.84%	21.81%	20.90%	21.73%	-167 bps
Equity / Assets	14.86%	14.38%	14.42%	14.07%	14.47%	-39 bps
Liquidity & Funding
Loans / Deposits	116.06%	121.63%	117.25%	123.01%	135.57%	+1,951 bps
Liquid Assets / Assets	3.76%	1.10%	1.23%	0.78%	6.72%	+296 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a