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Vigilant Federal Savings Bank

Baltimore, MD · Cert 32547

FDIC

Q1 2013

$49.0MAssets
$28.0MLoans
$41.4MDeposits
$4.0MEquity
Loan mix
98%RE $26.0M2%C&I $0.6M0%Consumer $0.0MQ2 2011Q1 2013
Deposit mix
94%Interest-bearing $38.9M6%Noninterest $2.5MQ2 2011Q1 2013

Executive Summary

  • Earnings: ROA of 0.33%, down 31 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.77%.
  • Funding: loans stand at 67.53% of deposits as of Q1 2013.

Return on Assets (YTD, annualized)

0.33%-31 bps YoY

Net Interest Margin (YTD, annualized)

3.83%+40 bps YoY

Efficiency Ratio (YTD, annualized)

91.31%+2,178 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.80%Q1 ’124.60%Q1 ’13+12%

Non-interest income vs. expense

2.50%Q1 ’123.68%Q1 ’13+49%

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.04%0.17%0.27%0.64%0.31%0.11%0.24%0.33%-31 bps
Return on Equityn/an/an/an/an/an/an/a4.03%n/an/a
Net Interest Marginn/an/an/a3.42%3.19%3.60%3.75%3.83%+40 bps
Efficiency Ration/an/an/a69.53%85.89%85.96%83.50%91.31%+2,178 bps
Non-Interest Burdenn/an/an/a2.33%2.71%3.06%3.09%3.48%+115 bps
Growth
Asset Growth (YoY)0.61%3.75%6.00%1.62%-0.25%-10.76%-15.00%-14.43%-1,605 bps
Loan Growth (YoY)-6.83%-4.56%-2.70%-3.17%-6.34%-6.43%-10.06%-11.59%-843 bps
Deposit Growth (YoY)-0.51%4.94%7.45%1.44%0.95%-2.87%-8.30%-7.65%-910 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 / Loansn/an/an/a0.71%0.37%0.42%0.56%0.77%+6 bps
Allowance / Loansn/an/an/a1.17%1.18%1.58%1.44%1.22%+5 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 Capitaln/an/an/a19.25%18.47%19.43%21.25%21.88%+263 bps
Equity / Assetsn/an/an/a6.83%6.86%7.60%8.11%8.14%+131 bps
Liquidity & Funding
Loans / Deposits74.37%72.73%70.68%70.54%68.99%70.06%69.33%67.53%-301 bps
Liquid Assets / Assets0.00%0.00%0.00%38.35%39.91%33.84%34.85%36.41%-194 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a