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Premier Bank

Doylestown, PA · Cert 33581

FDIC

Q3 2006

$544.7MAssets
$377.5MLoans
$344.0MDeposits
$87.4MEquity
Loan mix
76%RE $89.9M24%C&I $28.0M0%Consumer $0.2MQ3 2005Q3 2006
Deposit mix
89%Interest-bearing $304.7M11%Noninterest $39.3MQ3 2005Q3 2006

NIM

4.61%Q3 ’045.08%Q3 ’055.52%Q3 ’06-2%-14%

Non-interest income vs. expense

2.18%Q3 ’042.37%Q3 ’052.43%Q3 ’06+12%+1%

Executive Summary

  • Earnings: ROA of 0.47%, down 32 bps year over year; NIM at 2.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 109.72% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

0.47%-32 bps YoY

Net Interest Margin (quarter, annualized)

2.88%-46 bps YoY

Efficiency Ratio (quarter, annualized)

72.74%+1,127 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.80%0.80%0.78%0.55%0.47%-32 bps
Return on Equity4.19%4.49%4.79%3.39%2.94%-125 bps
Net Interest Margin3.34%3.35%3.15%3.02%2.88%-46 bps
Efficiency Ratio61.47%61.34%60.79%70.23%72.74%+1,127 bps
Non-Interest Burden2.16%2.18%2.00%2.23%2.19%+3 bps
Growth
Asset Growth (YoY)0.16%2.87%2.46%1.23%4.38%+422 bps
Loan Growth (YoY)6.64%9.63%12.56%9.66%9.78%+314 bps
Deposit Growth (YoY)-1.46%-2.07%0.81%1.97%2.80%+426 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.03%-0.07%0.01%0.00%+1 bps
Allowance / Loans1.41%1.33%1.33%1.32%1.29%-12 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 Capital13.78%11.28%11.36%11.32%11.34%-244 bps
Equity / Assets19.14%16.32%16.31%16.24%16.05%-308 bps
Liquidity & Funding
Loans / Deposits102.74%107.55%110.09%107.22%109.72%+698 bps
Liquid Assets / Assets0.01%0.12%0.06%0.00%0.13%+11 bps
CRE / Total Capitaln/an/an/an/an/an/an/a