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Spirit of America National Bank

Milford, OH · Cert 33487

FDIC

Q3 2009

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2009, the quarter ended September 30, 2009, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Spirit of America National Bank

Milford, OH · Cert 33487

FDIC

Q3 2009

$35.8MAssets
n/aLoans
$8.1MDeposits
$23.8MEquity
Deposit mix
100%Interest-bearing $8.1M0%Noninterest $0.0MQ3 2008Q3 2009

NIM

4.70%Q3 ’072.11%Q3 ’080.27%Q3 ’09-67%-85%

Non-interest income vs. expense

10.34%Q3 ’0711.14%Q3 ’0811.72%Q3 ’09-32%+12%

Executive Summary

  • Earnings: ROA of 32.33%, down 506 bps year over year; NIM at 0.16%.
  • Funding: loans stand at 0.00% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

32.33%-506 bps YoY

Net Interest Margin (YTD, annualized)

0.16%-95 bps YoY

Efficiency Ratio (YTD, annualized)

18.71%+275 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets37.39%39.80%28.41%31.52%32.33%-506 bps
Return on Equity64.68%67.57%48.40%51.34%51.61%-1,306 bps
Net Interest Margin1.11%0.84%0.25%0.22%0.16%-95 bps
Efficiency Ratio15.96%15.32%24.13%19.46%18.71%+275 bps
Non-Interest Burden-57.53%-55.61%-45.79%-48.05%-50.74%+679 bps
Growth
Asset Growth (YoY)3.42%-10.03%-4.66%-8.33%-9.25%-1,267 bps
Loan Growth (YoY)n/an/an/an/an/an/an/a
Deposit Growth (YoY)26.78%-20.14%-9.32%-33.08%-36.60%-6,339 bps
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/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 Capital332%367%306%316%314%-1,788 bps
Equity / Assets58.40%64.44%54.42%66.71%66.35%+795 bps
Liquidity & Funding
Loans / Deposits0.00%0.00%0.00%0.00%0.00%0 bps
Liquid Assets / Assets1.01%1.32%1.23%1.12%1.12%+10 bps
CRE / Total Capitaln/an/an/an/an/an/an/a