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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

4.28%Q4 ’144.10%Q4 ’154.46%Q4 ’16-3%+12%

Non-interest income vs. expense

2.88%Q4 ’142.48%Q4 ’153.30%Q4 ’16-23%+26%

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 1.08%, down 1 bps year over year; NIM at 4.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.18%.
  • 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 (quarter, annualized)

1.08%-1 bps YoY

Net Interest Margin (quarter, annualized)

4.13%+45 bps YoY

Efficiency Ratio (quarter, annualized)

67.70%+770 bps YoY

Tier 1 Leverage Ratio

15.29%+99 bps YoY

Discrete quarter, annualized.

MetricQ4 2015Q1 2016Q2 2016Q3 2016Q4 2016YoY ΔTrend
Earnings
Return on Assets1.09%0.61%1.36%1.01%1.08%-1 bps
Return on Equity7.64%4.41%9.96%7.17%7.52%-12 bps
Net Interest Margin3.67%3.47%4.74%4.11%4.13%+45 bps
Efficiency Ratio60.00%77.46%59.95%68.19%67.70%+770 bps
Non-Interest Burden2.02%2.60%2.68%2.55%2.55%+53 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 / Loans-0.05%-0.45%-1.05%0.10%0.18%+23 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