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Baltimore County Savings Bank

Baltimore, MD · Cert 32341

FDIC

Q4 2013

$604.0MAssets
$324.1MLoans
$534.8MDeposits
$63.3MEquity
Loan mix
97%RE $221.7M2%C&I $5.5M1%Consumer $1.6MQ4 2012Q4 2013
Deposit mix
92%Interest-bearing $494.3M8%Noninterest $40.5MQ4 2012Q4 2013

NIM

4.13%Q1 ’124.13%Q4 ’123.75%Q4 ’13+6%-7%

Non-interest income vs. expense

2.87%Q1 ’122.56%Q4 ’122.97%Q4 ’13-3%+17%

Executive Summary

  • Earnings: ROA of 0.28%, down 20 bps year over year; NIM at 3.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 60.60% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

0.28%-20 bps YoY

Net Interest Margin (quarter, annualized)

3.08%-23 bps YoY

Efficiency Ratio (quarter, annualized)

87.50%+1,640 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.47%0.25%0.48%0.68%0.28%-20 bps
Return on Equity4.53%2.38%4.63%6.71%2.68%-185 bps
Net Interest Margin3.30%3.04%3.00%3.04%3.08%-23 bps
Efficiency Ratio71.11%82.71%75.81%67.47%87.50%+1,640 bps
Non-Interest Burden2.26%2.45%2.19%1.96%2.66%+39 bps
Growth
Asset Growth (YoY)0.55%0.93%-0.76%-4.11%-6.01%-656 bps
Loan Growth (YoY)-7.27%-9.46%-7.08%-3.45%-2.72%+454 bps
Deposit Growth (YoY)1.09%0.37%-0.74%-3.94%-6.03%-712 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.58%0.49%0.03%0.08%-0.02%-60 bps
Allowance / Loans1.06%1.12%1.07%1.04%1.07%+1 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 Capital18.28%19.05%18.82%18.61%19.00%+71 bps
Equity / Assets10.50%10.57%10.05%10.16%10.47%-3 bps
Liquidity & Funding
Loans / Deposits58.54%56.42%56.52%59.80%60.60%+206 bps
Liquid Assets / Assets7.48%5.52%4.14%2.46%2.26%-522 bps
CRE / Total Capitaln/an/an/an/an/an/an/a