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Letter portraitLegal landscapeQuarterYTD

Hull Federal Savings Bank

Baltimore, MD · Cert 32660

FDIC

Q3 2012

$24.7MAssets
$18.9MLoans
$22.2MDeposits
$2.4MEquity
Deposit mix
100%Interest-bearing $22.2M0%Noninterest $0.0MQ3 2011Q3 2012

NIM

5.24%Q1 ’125.00%Q2 ’124.94%Q3 ’12-6%-2%

Non-interest income vs. expense

2.40%Q1 ’122.11%Q2 ’122.31%Q3 ’12-13%+11%

Executive Summary

  • Earnings: ROA of 2.34%, up 818 bps year over year; NIM at 4.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 9.92%.
  • Funding: loans stand at 84.90% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

2.34%+818 bps YoY

Net Interest Margin (YTD, annualized)

4.05%

Efficiency Ratio (YTD, annualized)

56.03%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets-5.84%-2.42%1.63%4.17%2.34%+818 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/an/a4.36%4.12%4.05%n/a
Efficiency Ration/an/a54.15%50.19%56.03%n/a
Non-Interest Burdenn/an/a2.33%2.02%2.24%n/a
Growth
Asset Growth (YoY)-2.82%-6.20%-6.95%-6.77%-4.83%-201 bps
Loan Growth (YoY)-11.56%-15.57%-18.26%-16.56%-13.47%-191 bps
Deposit Growth (YoY)-2.40%-4.91%-6.55%-9.42%-6.42%-402 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a24.91%12.72%9.92%n/a
Allowance / Loansn/an/a3.16%2.24%2.43%n/a
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 Capitaln/an/a17.61%21.04%20.39%n/a
Equity / Assetsn/an/a8.37%9.94%9.82%n/a
Liquidity & Funding
Loans / Deposits91.82%87.50%86.47%85.53%84.90%-692 bps
Liquid Assets / Assets0.00%0.00%14.20%15.64%16.01%+1,601 bps
CRE / Total Capitaln/an/an/an/an/an/an/a