Madison Square Federal Savings Bank

Baltimore, MD · Cert 32334

FDIC · 4 branches

Q4 2014

$135.3MAssets

$78.4MLoans

$122.2MDeposits

$12.5MEquity

Loan mix

Deposit mix

NIM

Market Position · Baltimore-Columbia-Towson, MD · 2014 SOD (annual) · 0.2% share · #37 of 69 inst. · $0.1B of $64.5B

0.3% Baltimore

1.3% Harford

0.2% Baltimore (City)

Earnings: ROA of 0.09%, down 1 bps year over year; NIM at 2.54%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
Funding: loans stand at 64.14% of deposits as of Q4 2014.

Return on Assets (quarter, annualized)

0.09%-1 bps YoY

Net Interest Margin (quarter, annualized)

2.54%+6 bps YoY

Efficiency Ratio (quarter, annualized)

96.89%+263 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 2013	Q1 2014	Q2 2014	Q3 2014	Q4 2014	YoY Δ	Trend
Earnings
Return on Assets	0.10%	0.07%	0.06%	0.05%	0.09%	-1 bps
Return on Equity	1.19%	0.91%	0.69%	0.55%	0.97%	-22 bps
Net Interest Margin	2.48%	2.55%	2.55%	2.55%	2.54%	+6 bps
Efficiency Ratio	94.25%	97.49%	95.85%	98.14%	96.89%	+263 bps
Non-Interest Burden	2.33%	2.48%	2.44%	2.50%	2.45%	+12 bps
Growth
Asset Growth (YoY)	-3.51%	-3.85%	-6.00%	-6.67%	-7.39%	-388 bps
Loan Growth (YoY)	1.93%	-1.41%	-3.18%	-4.93%	-7.88%	-981 bps
Deposit Growth (YoY)	-4.13%	-3.73%	-5.85%	-7.44%	-7.66%	-353 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.02%	-0.06%	0.32%	0.00%	0.16%	+14 bps
Allowance / Loans	1.01%	1.05%	1.00%	1.03%	1.02%	0 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	19.49%	20.14%	20.05%	20.74%	21.04%	+155 bps
Equity / Assets	7.96%	8.32%	8.75%	8.94%	9.26%	+130 bps
Liquidity & Funding
Loans / Deposits	64.30%	63.42%	64.70%	64.62%	64.14%	-15 bps
Liquid Assets / Assets	6.47%	9.63%	6.28%	6.45%	7.93%	+146 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a