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First Financial Bank

Downingtown, PA · Cert 30929

FDIC

Q2 2005

$666.9MAssets
$449.9MLoans
$452.6MDeposits
$63.2MEquity
Loan mix
75%RE $169.2M24%C&I $55.0M0%Consumer $0.8MQ2 2004Q2 2005
Deposit mix
94%Interest-bearing $424.8M6%Noninterest $27.7MQ2 2004Q2 2005

NIM

5.30%Q2 ’034.86%Q2 ’045.30%Q2 ’05+1%+7%

Non-interest income vs. expense

2.58%Q2 ’032.57%Q2 ’043.12%Q2 ’05-7%+37%

Executive Summary

  • Earnings: ROA of 0.73%, down 32 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 99.40% of deposits as of Q2 2005.

Financial Results

Return on Assets (quarter, annualized)

0.73%-32 bps YoY

Net Interest Margin (quarter, annualized)

3.47%+24 bps YoY

Efficiency Ratio (quarter, annualized)

76.17%+1,158 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets1.05%1.01%0.94%0.18%0.73%-32 bps
Return on Equity11.17%10.79%9.98%1.95%7.75%-342 bps
Net Interest Margin3.23%3.29%3.30%3.52%3.47%+24 bps
Efficiency Ratio64.59%66.32%64.41%97.07%76.17%+1,158 bps
Non-Interest Burden1.83%1.96%1.88%3.42%2.51%+68 bps
Growth
Asset Growth (YoY)10.05%7.75%10.61%7.20%4.00%-606 bps
Loan Growth (YoY)3.04%0.24%6.06%8.92%11.88%+884 bps
Deposit Growth (YoY)6.72%7.50%10.98%8.29%5.33%-139 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.05%0.00%0.02%0.00%-5 bps
Allowance / Loans1.57%1.57%1.56%1.55%1.54%-3 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 Capital14.14%14.15%13.45%13.38%13.21%-93 bps
Equity / Assets9.23%9.54%9.37%9.26%9.48%+25 bps
Liquidity & Funding
Loans / Deposits93.58%94.76%98.82%95.59%99.40%+581 bps
Liquid Assets / Assets10.40%9.62%9.07%8.11%4.05%-635 bps
CRE / Total Capitaln/an/an/an/an/an/an/a