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Washington Savings Bank Federal Savings Bank, The

Bowie, MD · Cert 32351

FDIC

Q1 2013

$331.8MAssets
$184.8MLoans
$221.9MDeposits
$52.6MEquity
Loan mix
98%RE $133.8M1%C&I $1.8M0%Consumer $0.4MQ1 2012Q1 2013
Deposit mix
96%Interest-bearing $213.6M4%Noninterest $8.3MQ1 2012Q1 2013

NIM

4.48%Q1 ’123.51%Q1 ’13-19%

Non-interest income vs. expense

3.46%Q1 ’123.60%Q1 ’13-6%

Executive Summary

  • Earnings: ROA of 0.02%, down 34 bps year over year; NIM at 2.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.77%.
  • Funding: loans stand at 83.26% of deposits as of Q1 2013.

Financial Results

Return on Assets (YTD, annualized)

0.02%-34 bps YoY

Net Interest Margin (YTD, annualized)

2.50%-59 bps YoY

Efficiency Ratio (YTD, annualized)

101.43%+1,154 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.36%0.31%0.25%0.37%0.02%-34 bps
Return on Equityn/an/an/an/a0.14%n/an/a
Net Interest Margin3.09%3.06%3.03%3.02%2.50%-59 bps
Efficiency Ratio89.89%89.94%89.59%90.52%101.43%+1,154 bps
Non-Interest Burden2.70%2.67%2.62%2.64%2.55%-15 bps
Growth
Asset Growth (YoY)-7.87%-4.14%-1.47%-7.12%-11.66%-378 bps
Loan Growth (YoY)-9.85%-10.32%-10.38%-8.65%-11.23%-139 bps
Deposit Growth (YoY)-9.36%-2.81%0.68%-5.39%-12.95%-359 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.49%2.57%1.87%1.51%0.77%-372 bps
Allowance / Loans1.82%1.77%1.70%1.60%1.51%-31 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 Capital21.88%22.95%23.59%23.61%24.03%+215 bps
Equity / Assets13.70%14.06%14.22%14.79%15.86%+216 bps
Liquidity & Funding
Loans / Deposits81.65%79.82%78.83%84.21%83.26%+161 bps
Liquid Assets / Assets0.17%2.69%0.23%0.16%0.46%+28 bps
CRE / Total Capitaln/an/an/an/an/an/an/a