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George Washington Savings Bank

Oak Lawn, IL · Cert 29952

FDIC

Q4 2009

$413.7MAssets
$304.9MLoans
$395.3MDeposits
$13.7MEquity
Deposit mix
95%Interest-bearing $373.8M5%Noninterest $21.5MQ4 2008Q4 2009

NIM

7.32%Q4 ’076.08%Q4 ’084.72%Q4 ’09-19%-22%

Non-interest income vs. expense

2.06%Q4 ’071.51%Q4 ’081.95%Q4 ’09-32%+28%

Executive Summary

  • Earnings: ROA of -7.12%, down 753 bps year over year; NIM at 2.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 8.32%.
  • Funding: loans stand at 77.13% of deposits as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

-7.12%-753 bps YoY

Net Interest Margin (YTD, annualized)

2.53%-71 bps YoY

Efficiency Ratio (YTD, annualized)

67.90%+2,483 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets0.41%0.69%-3.47%-4.00%-7.12%-753 bps
Return on Equity4.03%6.97%-36.24%-44.46%-90.66%-9,469 bps
Net Interest Margin3.25%3.46%3.46%2.96%2.53%-71 bps
Efficiency Ratio43.07%34.25%41.34%51.35%67.90%+2,483 bps
Non-Interest Burden1.26%0.99%1.21%1.37%1.61%+36 bps
Growth
Asset Growth (YoY)6.46%8.79%4.22%5.27%2.00%-446 bps
Loan Growth (YoY)12.75%16.72%8.95%-0.15%-13.28%-2,603 bps
Deposit Growth (YoY)12.44%11.74%16.31%11.43%13.89%+145 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.55%-0.02%8.01%5.57%8.32%+777 bps
Allowance / Loans1.77%2.11%2.10%4.83%7.19%+541 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 Capital11.63%12.14%10.67%8.56%4.77%-686 bps
Equity / Assets9.75%10.13%8.81%7.29%3.32%-643 bps
Liquidity & Funding
Loans / Deposits101.29%102.90%98.47%88.78%77.13%-2,416 bps
Liquid Assets / Assets0.64%0.60%0.30%1.22%4.60%+396 bps
CRE / Total Capitaln/an/an/an/an/an/an/a