PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Home Savings Bank of Albemarle, Inc., SSB

Albemarle, NC · Cert 30668

FDIC

Q1 2014

$277.8MAssets
$191.9MLoans
$237.0MDeposits
$23.4MEquity
Loan mix
97%RE $174.6M2%C&I $4.2M1%Consumer $1.4MQ1 2013Q1 2014
Deposit mix
92%Interest-bearing $218.6M8%Noninterest $18.5MQ1 2013Q1 2014

NIM

4.28%Q1 ’123.86%Q1 ’133.81%Q1 ’14-5%+3%

Non-interest income vs. expense

2.76%Q1 ’122.66%Q1 ’1310.08%Q1 ’140%+317%

Executive Summary

  • Earnings: ROA of -4.32%, down 465 bps year over year; NIM at 3.07%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Funding: loans stand at 80.97% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

-4.32%-465 bps YoY

Net Interest Margin (YTD, annualized)

3.07%+9 bps YoY

Efficiency Ratio (YTD, annualized)

311%+22,982 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.33%0.23%0.19%0.17%-4.32%-465 bps
Return on Equity3.78%2.57%2.08%1.93%-49.67%-5,345 bps
Net Interest Margin2.99%2.97%2.95%2.94%3.07%+9 bps
Efficiency Ratio81.24%84.28%86.82%88.68%311%+22,982 bps
Non-Interest Burden2.37%2.48%2.54%2.59%9.91%+754 bps
Growth
Asset Growth (YoY)-3.90%-2.93%-4.34%-0.88%-0.14%+376 bps
Loan Growth (YoY)-7.43%-5.86%-3.63%-2.85%-3.26%+417 bps
Deposit Growth (YoY)-0.83%-0.21%-0.84%-2.57%-1.37%-53 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.29%0.20%0.25%-0.04%-6 bps
Allowance / Loans1.90%1.86%1.86%1.79%1.83%-8 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 Capital14.94%15.24%15.26%15.22%13.81%-112 bps
Equity / Assets8.95%9.02%9.11%8.97%8.42%-52 bps
Liquidity & Funding
Loans / Deposits82.55%81.69%82.10%82.86%80.97%-158 bps
Liquid Assets / Assets15.89%17.07%16.14%17.08%18.63%+274 bps
CRE / Total Capitaln/an/an/an/an/an/an/a