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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 ’125.04%Q3 ’124.83%Q3 ’13-1%-3%

Non-interest income vs. expense

4.34%Q1 ’124.39%Q3 ’125.08%Q3 ’13+3%+22%

Executive Summary

  • Earnings: ROA of 0.04%, down 60 bps year over year; NIM at 4.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.41%.
  • Funding: loans stand at 93.30% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

0.04%-60 bps YoY

Net Interest Margin (quarter, annualized)

4.14%-12 bps YoY

Efficiency Ratio (quarter, annualized)

111.25%+2,099 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.64%-0.83%-0.40%-0.11%0.04%-60 bps
Return on Equity6.78%-8.57%-4.14%-1.12%0.43%-636 bps
Net Interest Margin4.26%4.23%4.10%4.20%4.14%-12 bps
Efficiency Ratio90.27%96.22%115.56%103.92%111.25%+2,099 bps
Non-Interest Burden3.82%4.09%4.78%4.42%4.67%+86 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 / Loans0.17%0.55%0.02%0.27%0.41%+25 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