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Easton Bank & Trust Company

Easton, MD · Cert 33815

FDIC · 3 branches

Q2 2015

$130.4MAssets
$100.3MLoans
$109.3MDeposits
$14.4MEquity
Loan mix
88%RE $81.8M9%C&I $8.0M3%Consumer $3.2MQ3 2013Q2 2015
Deposit mix
74%Interest-bearing $80.4M26%Noninterest $28.9MQ3 2013Q2 2015

Executive Summary

  • Earnings: ROA of 0.27%, down 41 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.89%.
  • Capital: tier 1 leverage ratio of 11.06%.
  • Funding: loans stand at 91.75% of deposits as of Q2 2015.

Return on Assets (YTD, annualized)

0.27%-41 bps YoY

Net Interest Margin (YTD, annualized)

3.54%-35 bps YoY

Efficiency Ratio (YTD, annualized)

84.69%+1,231 bps YoY

Tier 1 Leverage Ratio

11.06%

NIM

4.39%Q2 ’134.36%Q2 ’143.92%Q2 ’15+6%-9%

Non-interest income vs. expense

3.16%Q2 ’133.29%Q2 ’143.51%Q2 ’15+5%+10%

Year to date, annualized, through each quarter.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015YoY ΔTrend
Earnings
Return on Assets0.58%0.66%0.88%0.68%0.54%0.56%0.62%0.27%-41 bps
Return on Equity6.28%7.10%9.11%6.90%5.43%5.50%5.71%2.49%-441 bps
Net Interest Margin3.77%3.77%4.00%3.89%3.85%3.86%3.54%3.54%-35 bps
Efficiency Ratio73.18%72.72%65.98%72.38%76.90%77.53%77.79%84.69%+1,231 bps
Non-Interest Burden2.58%2.55%2.42%2.64%2.82%2.86%2.61%2.90%+26 bps
Growth
Asset Growth (YoY)-5.06%-1.42%-2.77%0.79%-0.85%-6.92%-6.66%-6.43%-721 bps
Loan Growth (YoY)-9.09%-7.56%-3.90%-3.47%-3.70%-5.78%-6.45%-8.61%-514 bps
Deposit Growth (YoY)-5.66%-1.64%-3.83%0.09%-1.56%-8.60%-8.22%-7.66%-776 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.27%1.36%0.41%0.44%0.89%0.83%1.27%1.89%+146 bps
Allowance / Loans2.59%2.33%2.46%2.49%2.21%2.22%2.02%1.61%-88 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/a11.04%11.06%n/a
Total Risk-Based Capital14.69%15.03%15.46%15.84%16.14%16.58%16.25%16.16%+32 bps
Equity / Assets9.57%9.54%9.79%10.17%10.25%10.80%10.94%11.05%+88 bps
Liquidity & Funding
Loans / Deposits93.05%90.13%90.28%92.70%91.03%92.92%92.02%91.75%-95 bps
Liquid Assets / Assets7.38%8.87%8.21%6.50%7.19%6.99%7.21%9.25%+274 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a