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Perpetual Savings Bank

Wellsville, OH · Cert 30281

FDIC

Q3 2006

$74.0MAssets
$50.7MLoans
$60.0MDeposits
$6.5MEquity
Deposit mix
92%Interest-bearing $55.2M8%Noninterest $4.8MQ3 2005Q3 2006

NIM

5.33%Q3 ’045.67%Q3 ’056.50%Q3 ’06+5%+11%

Non-interest income vs. expense

2.69%Q3 ’043.10%Q3 ’053.36%Q3 ’06+16%+6%

Executive Summary

  • Earnings: ROA of 0.96%, up 15 bps year over year; NIM at 3.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 84.59% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

0.96%+15 bps YoY

Net Interest Margin (quarter, annualized)

3.64%+37 bps YoY

Efficiency Ratio (quarter, annualized)

76.89%-270 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.80%-0.36%0.82%1.12%0.96%+15 bps
Return on Equity8.88%-4.08%9.66%13.27%11.12%+225 bps
Net Interest Margin3.28%3.42%3.60%3.52%3.64%+37 bps
Efficiency Ratio79.58%80.73%78.53%71.95%76.89%-270 bps
Non-Interest Burden2.48%2.66%2.68%2.34%2.63%+15 bps
Growth
Asset Growth (YoY)11.56%3.32%5.27%2.92%0.27%-1,128 bps
Loan Growth (YoY)17.57%14.80%9.22%5.31%2.48%-1,509 bps
Deposit Growth (YoY)17.97%16.14%10.13%7.99%1.76%-1,621 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%0.01%-0.02%0.06%0.06%0 bps
Allowance / Loans0.65%1.05%1.09%1.09%1.10%+45 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 Capital13.07%13.07%13.30%13.30%13.16%+9 bps
Equity / Assets8.96%8.58%8.48%8.45%8.76%-21 bps
Liquidity & Funding
Loans / Deposits83.99%84.35%82.07%82.13%84.59%+60 bps
Liquid Assets / Assets0.64%0.81%2.27%1.76%0.93%+30 bps
CRE / Total Capitaln/an/an/an/an/an/an/a