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Madison Square Federal Savings Bank

Baltimore, MD · Cert 32334

FDIC · 4 branches

Q4 2014

$135.3MAssets
$78.4MLoans
$122.2MDeposits
$12.5MEquity
Loan mix
92%RE $64.4M7%C&I $5.2M0%Consumer $0.3MQ1 2013Q4 2014
Deposit mix
94%Interest-bearing $114.7M6%Noninterest $7.4MQ1 2013Q4 2014

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)

Executive Summary

  • Earnings: ROA of 0.07%, down 1 bps year over year; NIM at 2.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 64.14% of deposits as of Q4 2014.

Return on Assets (YTD, annualized)

0.07%-1 bps YoY

Net Interest Margin (YTD, annualized)

2.62%+21 bps YoY

Efficiency Ratio (YTD, annualized)

97.09%+123 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

3.49%Q4 ’123.25%Q4 ’133.31%Q4 ’14+2%+9%

Non-interest income vs. expense

2.35%Q4 ’122.43%Q4 ’132.65%Q4 ’14+3%+10%

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets0.05%0.07%0.07%0.08%0.07%0.07%0.06%0.07%-1 bps
Return on Equity0.57%0.81%0.85%0.93%0.91%0.80%0.72%0.78%-15 bps
Net Interest Margin2.31%2.33%2.39%2.41%2.55%2.57%2.60%2.62%+21 bps
Efficiency Ratio98.68%96.71%96.41%95.85%97.49%96.68%97.15%97.09%+123 bps
Non-Interest Burden2.28%2.25%2.30%2.31%2.48%2.48%2.53%2.54%+24 bps
Growth
Asset Growth (YoY)-3.45%-4.57%-4.99%-3.51%-3.85%-6.00%-6.67%-7.39%-388 bps
Loan Growth (YoY)-1.60%1.11%0.57%1.93%-1.41%-3.18%-4.93%-7.88%-981 bps
Deposit Growth (YoY)-3.87%-5.45%-4.83%-4.13%-3.73%-5.85%-7.44%-7.66%-353 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.01%0.14%0.11%-0.06%0.13%0.09%0.11%0 bps
Allowance / Loans1.08%1.09%1.00%1.01%1.05%1.00%1.03%1.02%0 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital19.10%19.09%19.38%19.49%20.14%20.05%20.74%21.04%+155 bps
Equity / Assets8.42%7.96%8.09%7.96%8.32%8.75%8.94%9.26%+130 bps
Liquidity & Funding
Loans / Deposits61.93%62.91%62.91%64.30%63.42%64.70%64.62%64.14%-15 bps
Liquid Assets / Assets8.56%8.28%6.81%6.47%9.63%6.28%6.45%7.93%+146 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a