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Letter portraitLegal landscapeQuarterYTD

Union Savings Bank

Albuquerque, NM · Cert 32329

FDIC

Q3 2013

$61.2MAssets
$42.3MLoans
$50.0MDeposits
$7.1MEquity
Loan mix
93%RE $30.8M3%C&I $0.9M4%Consumer $1.4MQ3 2012Q3 2013
Deposit mix
86%Interest-bearing $43.2M14%Noninterest $6.9MQ3 2012Q3 2013

NIM

4.51%Q4 ’114.43%Q3 ’124.62%Q3 ’13+1%+10%

Non-interest income vs. expense

2.69%Q4 ’113.17%Q3 ’123.07%Q3 ’13+23%-5%

Executive Summary

  • Earnings: ROA of 0.72%, up 47 bps year over year; NIM at 3.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 84.57% of deposits as of Q3 2013.

Financial Results

Return on Assets (YTD, annualized)

0.72%+47 bps YoY

Net Interest Margin (YTD, annualized)

3.96%+35 bps YoY

Efficiency Ratio (YTD, annualized)

75.18%-1,089 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 Assets0.26%0.34%0.52%0.83%0.72%+47 bps
Return on Equity2.15%2.86%4.38%6.98%6.14%+400 bps
Net Interest Margin3.62%3.64%3.77%3.85%3.96%+35 bps
Efficiency Ratio86.07%84.15%76.73%79.08%75.18%-1,089 bps
Non-Interest Burden3.10%3.05%2.88%3.02%2.95%-15 bps
Growth
Asset Growth (YoY)-16.06%-7.34%-5.73%-2.99%-2.86%+1,320 bps
Loan Growth (YoY)0.92%6.87%7.84%11.78%15.51%+1,459 bps
Deposit Growth (YoY)-14.81%-7.79%0.48%-4.32%-8.24%+657 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.07%0.00%0.01%0.01%-8 bps
Allowance / Loans1.87%1.81%1.73%1.66%1.60%-27 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 Capital19.68%19.19%18.52%17.99%18.09%-159 bps
Equity / Assets11.62%11.91%11.75%11.92%11.54%-8 bps
Liquidity & Funding
Loans / Deposits67.18%71.39%73.23%80.89%84.57%+1,739 bps
Liquid Assets / Assets8.84%9.29%8.87%5.72%6.23%-261 bps
CRE / Total Capitaln/an/an/an/an/an/an/a