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Pittsburgh Savings Bank

Wexford, PA · Cert 30197

FDIC

Q3 2003

$373.5MAssets
$238.4MLoans
$183.3MDeposits
$28.7MEquity
Loan mix
92%RE $149.0M8%C&I $12.4M0%Consumer $0.3MQ3 2002Q3 2003
Deposit mix
92%Interest-bearing $168.4M8%Noninterest $14.9MQ3 2002Q3 2003

NIM

7.33%Q3 ’016.58%Q3 ’025.68%Q3 ’030%-15%

Non-interest income vs. expense

1.75%Q3 ’011.78%Q3 ’022.08%Q3 ’03-5%+23%

Executive Summary

  • Earnings: ROA of 0.13%, down 32 bps year over year; NIM at 1.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 130.08% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

0.13%1-32 bps YoY

Net Interest Margin (YTD, annualized)

1.89%-35 bps YoY

Efficiency Ratio (YTD, annualized)

96.32%+2,668 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets0.45%0.48%0.25%10.31%10.13%1-32 bps
Return on Equity5.86%6.11%3.06%3.81%1.64%-421 bps
Net Interest Margin2.23%2.22%2.01%2.02%1.89%-35 bps
Efficiency Ratio69.64%69.02%90.85%88.67%96.32%+2,668 bps
Non-Interest Burden1.47%1.41%1.81%1.76%1.81%+34 bps
Growth
Asset Growth (YoY)-2.99%-3.14%-8.52%-7.69%-9.85%-686 bps
Loan Growth (YoY)-15.19%-13.84%-14.02%-7.64%-2.26%+1,293 bps
Deposit Growth (YoY)-8.18%-8.50%-7.88%-5.15%-7.05%+114 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.01%0.12%0.07%0.10%+8 bps
Allowance / Loans1.24%1.29%1.33%1.32%1.30%+6 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 Capital14.29%14.50%14.89%13.53%13.14%-115 bps
Equity / Assets7.93%8.15%8.47%7.92%7.68%-25 bps
Liquidity & Funding
Loans / Deposits123.72%128.72%123.84%128.41%130.08%+637 bps
Liquid Assets / Assets7.87%3.80%8.74%6.00%6.00%-187 bps
CRE / Total Capitaln/an/an/an/an/an/an/a