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Bankannapolis

Annapolis, MD · Cert 32740

FDIC

Q1 2013

$439.0MAssets
$277.7MLoans
$349.3MDeposits
$36.6MEquity
Loan mix
78%RE $167.8M19%C&I $41.4M3%Consumer $6.4MQ1 2012Q1 2013
Deposit mix
94%Interest-bearing $329.3M6%Noninterest $20.0MQ1 2012Q1 2013

NIM

4.60%Q1 ’114.36%Q1 ’123.86%Q1 ’13-2%-11%

Non-interest income vs. expense

2.80%Q1 ’112.65%Q1 ’122.84%Q1 ’13-7%+9%

Executive Summary

  • Earnings: ROA of -0.30%, down 110 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 79.50% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

-0.30%-110 bps YoY

Net Interest Margin (quarter, annualized)

3.30%-40 bps YoY

Efficiency Ratio (quarter, annualized)

78.03%+1,288 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.79%0.89%1.07%0.53%-0.30%-110 bps
Return on Equity8.25%9.49%11.65%5.65%-3.47%-1,172 bps
Net Interest Margin3.70%3.71%3.81%3.41%3.30%-40 bps
Efficiency Ratio65.16%63.04%59.06%69.72%78.03%+1,288 bps
Non-Interest Burden2.29%2.19%2.07%2.24%2.50%+21 bps
Growth
Asset Growth (YoY)3.39%0.81%0.13%0.90%-0.34%-374 bps
Loan Growth (YoY)5.54%2.50%-3.20%-3.30%-7.70%-1,324 bps
Deposit Growth (YoY)3.09%0.92%-0.43%0.64%0.70%-240 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.78%-0.04%0.41%1.01%0.04%-74 bps
Allowance / Loans2.25%2.32%2.33%2.25%2.86%+61 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 Capital13.94%13.05%13.79%13.90%12.61%-133 bps
Equity / Assets9.71%9.09%9.37%9.24%8.34%-138 bps
Liquidity & Funding
Loans / Deposits86.73%86.61%84.01%79.57%79.50%-723 bps
Liquid Assets / Assets8.47%6.60%8.63%7.95%9.06%+59 bps
CRE / Total Capitaln/an/an/an/an/an/an/a