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North Arundel Savings Bank Federal Savings Bank

Pasadena, MD · Cert 31109

FDIC · 1 branch

Q4 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2021, the quarter ended December 31, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

North Arundel Savings Bank Federal Savings Bank

Pasadena, MD · Cert 31109

FDIC · 1 branch

Q4 2021

$45.3MAssets
$34.0MLoans
$40.4MDeposits
$4.8MEquity
Deposit mix
99%Interest-bearing $40.0M1%Noninterest $0.4MQ4 2020Q4 2021

NIM

4.78%Q4 ’194.27%Q4 ’203.69%Q4 ’21-14%-9%

Non-interest income vs. expense

3.34%Q4 ’193.21%Q4 ’205.81%Q4 ’21-4%+81%

Market Position · Baltimore-Columbia-Towson, MD · 2021 SOD (annual) · 0.0% share · #37 of 44 inst. · $0.0B of $104.1B

Executive Summary

  • Earnings: ROA of -2.08%, down 192 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 0.00% of loans (-69 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.32%, down 254 bps from a year ago.
  • Funding: loans stand at 84.08% of deposits as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

-2.08%-192 bps YoY

Net Interest Margin (YTD, annualized)

2.86%-28 bps YoY

Efficiency Ratio (YTD, annualized)

201%+9,912 bps YoY

Tier 1 Leverage Ratio

10.32%-254 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets-0.16%0.11%0.14%-0.09%-2.08%-192 bps
Return on Equity-1.19%0.83%1.11%-0.74%-17.21%-1,602 bps
Net Interest Margin3.14%2.84%2.79%2.81%2.86%-28 bps
Efficiency Ratio101.63%105.88%99.70%105.74%201%+9,912 bps
Non-Interest Burden3.20%3.01%2.78%2.97%5.78%+258 bps
Growth
Asset Growth (YoY)2.44%4.41%6.78%5.36%0.66%-178 bps
Loan Growth (YoY)-3.68%-3.75%-3.57%7.30%10.58%+1,426 bps
Deposit Growth (YoY)2.95%5.09%7.72%6.28%3.35%+40 bps
Asset Quality
Nonperforming Loans / Loans0.69%1.08%0.65%0.61%0.00%-69 bps
Net Charge-Offs / Loans0.02%0.03%-0.01%0.00%0.00%-3 bps
Allowance / Loans0.87%0.68%0.69%0.68%0.69%-18 bps
Allowance Coverage of NPLs1.3x0.6x1.1x1.1xn/an/a
Capital
Tier 1 Leverage Ratio12.86%12.74%12.30%12.06%10.32%-254 bps
Total Risk-Based Capital27.29%25.47%24.91%24.43%20.94%-635 bps
Equity / Assets12.86%12.53%12.24%12.14%10.54%-233 bps
Liquidity & Funding
Loans / Deposits78.59%78.39%76.45%82.99%84.08%+549 bps
Liquid Assets / Assets16.93%14.88%14.52%15.19%12.52%-441 bps
CRE / Total Capitaln/an/an/an/an/an/an/a