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Liberty Bank, National Association

Twinsburg, OH · Cert 33135

FDIC · 3 branches

Q4 2016

$235.0MAssets
$199.5MLoans
$198.7MDeposits
$34.1MEquity
Loan mix
56%RE $75.6M25%C&I $34.2M19%Consumer $25.7MQ4 2015Q4 2016
Deposit mix
81%Interest-bearing $160.5M19%Noninterest $38.2MQ4 2015Q4 2016

NIM

4.41%Q4 ’144.07%Q4 ’154.50%Q4 ’16-7%+14%

Non-interest income vs. expense

2.95%Q4 ’142.79%Q4 ’153.20%Q4 ’16-1%+12%

Market Position · Cleveland-Elyria, OH · 2016 SOD (annual) · 0.2% share · #24 of 36 inst. · $0.1B of $64.6B

0.3% Cuyahoga
0.5% Summit

Executive Summary

  • Earnings: ROA of 1.02%, up 16 bps year over year; NIM at 4.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.28%.
  • Capital: tier 1 leverage ratio of 15.29%, up 99 bps from a year ago.
  • Funding: loans stand at 100.43% of deposits as of Q4 2016.

Financial Results

Return on Assets (YTD, annualized)

1.02%+16 bps YoY

Net Interest Margin (YTD, annualized)

4.13%+51 bps YoY

Efficiency Ratio (YTD, annualized)

67.78%-51 bps YoY

Tier 1 Leverage Ratio

15.29%+99 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2015Q1 2016Q2 2016Q3 2016Q4 2016YoY ΔTrend
Earnings
Return on Assets0.85%0.61%1.00%1.00%1.02%+16 bps
Return on Equity6.09%4.41%7.20%7.19%7.24%+115 bps
Net Interest Margin3.62%3.47%4.17%4.24%4.13%+51 bps
Efficiency Ratio68.30%77.46%67.62%67.81%67.78%-51 bps
Non-Interest Burden2.33%2.60%2.69%2.70%2.61%+29 bps
Growth
Asset Growth (YoY)1.03%9.29%4.91%6.23%10.66%+964 bps
Loan Growth (YoY)5.49%6.89%11.51%17.25%11.47%+598 bps
Deposit Growth (YoY)0.84%10.17%4.77%6.08%9.60%+876 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.31%-0.45%-0.74%-0.44%-0.28%-59 bps
Allowance / Loans1.47%1.56%1.77%1.66%1.60%+13 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio14.30%13.06%13.81%14.44%15.29%+99 bps
Total Risk-Based Capital16.82%16.62%16.46%16.38%17.51%+69 bps
Equity / Assets14.25%13.43%13.97%14.19%14.52%+27 bps
Liquidity & Funding
Loans / Deposits98.75%92.78%98.81%105.06%100.43%+168 bps
Liquid Assets / Assets14.42%18.55%14.85%9.34%13.55%-86 bps
CRE / Total Capitaln/an/an/an/an/an/an/a