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Letter portraitLegal landscapeQuarterYTD

Advance Bank

Baltimore, MD · Cert 31372

FDIC

Q3 2013

$54.2MAssets
$40.5MLoans
$43.4MDeposits
$5.5MEquity
Loan mix
97%RE $39.4M2%C&I $0.7M1%Consumer $0.3MQ3 2012Q3 2013
Deposit mix
94%Interest-bearing $40.6M6%Noninterest $2.8MQ3 2012Q3 2013

NIM

5.11%Q1 ’125.22%Q3 ’125.09%Q3 ’13+2%-1%

Non-interest income vs. expense

4.34%Q1 ’124.41%Q3 ’125.20%Q3 ’13+3%+27%

Executive Summary

  • Earnings: ROA of -0.16%, down 55 bps year over year; NIM at 4.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.24%.
  • Funding: loans stand at 93.30% of deposits as of Q3 2013.

Financial Results

Return on Assets (YTD, annualized)

-0.16%-55 bps YoY

Net Interest Margin (YTD, annualized)

4.35%-6 bps YoY

Efficiency Ratio (YTD, annualized)

110.01%+2,252 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.38%0.09%-0.40%-0.26%-0.16%-55 bps
Return on Equityn/an/a-4.14%-2.65%-1.64%n/a
Net Interest Margin4.40%4.42%4.10%4.21%4.35%-6 bps
Efficiency Ratio87.49%89.55%115.56%109.42%110.01%+2,252 bps
Non-Interest Burden3.82%3.94%4.78%4.67%4.85%+103 bps
Growth
Asset Growth (YoY)-12.82%-7.60%-8.48%-9.16%-11.56%+126 bps
Loan Growth (YoY)-13.59%-13.42%-13.05%-14.66%-16.08%-248 bps
Deposit Growth (YoY)-13.27%-8.93%-9.77%-10.51%-13.40%-13 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.30%0.38%0.02%0.14%0.24%-7 bps
Allowance / Loans1.64%1.61%1.67%1.70%1.47%-17 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 Capital14.67%14.56%15.03%15.12%15.32%+65 bps
Equity / Assets9.70%9.58%9.83%9.86%10.23%+53 bps
Liquidity & Funding
Loans / Deposits96.28%92.98%92.88%90.25%93.30%-298 bps
Liquid Assets / Assets1.43%1.37%1.44%1.85%1.89%+46 bps
CRE / Total Capitaln/an/an/an/an/an/an/a