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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

7.34%Q4 ’076.03%Q4 ’083.37%Q4 ’09-12%-60%

Non-interest income vs. expense

2.23%Q4 ’071.65%Q4 ’082.79%Q4 ’09-30%+70%

Executive Summary

  • Earnings: ROA of -16.33%, down 1,712 bps year over year; NIM at 1.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 14.56%.
  • Funding: loans stand at 77.13% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

-16.33%-1,712 bps YoY

Net Interest Margin (quarter, annualized)

1.34%-204 bps YoY

Efficiency Ratio (quarter, annualized)

161.09%+11,544 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets0.79%0.69%-7.59%-5.09%-16.33%-1,712 bps
Return on Equity8.09%6.97%-80.01%-63.27%-307%-31,477 bps
Net Interest Margin3.38%3.46%3.46%2.02%1.34%-204 bps
Efficiency Ratio45.64%34.25%48.19%85.37%161.09%+11,544 bps
Non-Interest Burden1.41%0.99%1.44%1.69%2.39%+98 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 / Loans0.11%-0.02%16.05%-0.01%14.56%+1,446 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