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First Star Savings Bank

Bethlehem, PA · Cert 31595

FDIC

Q2 2012

$425.5MAssets
$219.7MLoans
$336.0MDeposits
$34.1MEquity
Loan mix
96%RE $183.6M4%C&I $7.0M0%Consumer $0.5MQ2 2011Q2 2012
Deposit mix
95%Interest-bearing $320.7M5%Noninterest $15.2MQ2 2011Q2 2012

NIM

3.69%Q2 ’103.57%Q2 ’113.30%Q2 ’12+37%0%

Non-interest income vs. expense

1.51%Q2 ’101.82%Q2 ’112.93%Q2 ’12+19%+68%

Executive Summary

  • Earnings: ROA of -0.62%, down 56 bps year over year; NIM at 1.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 65.38% of deposits as of Q2 2012.

Financial Results

Return on Assets (YTD, annualized)

-0.62%-56 bps YoY

Net Interest Margin (YTD, annualized)

1.97%-1 bps YoY

Efficiency Ratio (YTD, annualized)

137.54%+5,282 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets-0.06%0.00%-0.03%0.19%-0.62%-56 bps
Return on Equity-0.73%-0.06%-0.42%2.28%-7.61%-688 bps
Net Interest Margin1.97%2.00%2.04%1.97%1.97%-1 bps
Efficiency Ratio84.73%80.85%76.44%86.66%137.54%+5,282 bps
Non-Interest Burden1.64%1.56%1.48%1.70%2.77%+112 bps
Growth
Asset Growth (YoY)-15.37%-20.25%-12.98%-3.94%-2.39%+1,298 bps
Loan Growth (YoY)1.23%-1.44%-2.69%1.20%3.79%+255 bps
Deposit Growth (YoY)-1.94%-10.67%-10.86%-0.70%1.42%+337 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.15%0.11%0.13%0.12%+12 bps
Allowance / Loans1.17%1.07%1.06%1.01%0.96%-21 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 Capital12.32%12.72%13.85%13.86%13.98%+166 bps
Equity / Assets8.04%8.23%8.20%8.22%8.03%-2 bps
Liquidity & Funding
Loans / Deposits63.90%65.32%65.02%64.34%65.38%+149 bps
Liquid Assets / Assets15.01%14.93%17.15%16.47%13.92%-109 bps
CRE / Total Capitaln/an/an/an/an/an/an/a