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First Heritage Bank

Wilkes-Barre, PA · Cert 33913

FDIC

Q1 2004

$269.7MAssets
$204.3MLoans
$204.7MDeposits
$30.4MEquity
Loan mix
37%RE $49.0M63%C&I $84.6M0%Consumer $0.1MQ2 2002Q1 2004
Deposit mix
91%Interest-bearing $185.5M9%Noninterest $19.2MQ2 2002Q1 2004

Executive Summary

  • Earnings: ROA of 1.07%, down 5 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 99.80% of deposits as of Q1 2004.

Return on Assets (YTD, annualized)

1.07%-5 bps YoY

Net Interest Margin (YTD, annualized)

3.09%+16 bps YoY

Efficiency Ratio (YTD, annualized)

51.04%+141 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.66%Q1 ’024.76%Q1 ’034.48%Q1 ’04-7%+5%

Non-interest income vs. expense

1.63%Q1 ’021.55%Q1 ’031.67%Q1 ’04+4%+9%

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets1.18%1.23%1.22%1.12%1.13%1.12%1.15%1.07%-5 bps
Return on Equity12.80%13.14%12.89%11.25%11.20%11.09%11.08%9.53%-172 bps
Net Interest Margin3.15%3.08%3.09%2.93%2.95%2.94%3.00%3.09%+16 bps
Efficiency Ratio47.47%48.41%48.03%49.63%47.22%46.58%46.16%51.04%+141 bps
Non-Interest Burden1.33%1.35%1.33%1.36%1.30%1.28%1.29%1.49%+13 bps
Growth
Asset Growth (YoY)12.94%11.69%6.73%5.67%2.39%3.90%-1.94%-4.32%-999 bps
Loan Growth (YoY)7.92%9.69%7.79%6.68%5.43%4.79%5.27%6.05%-63 bps
Deposit Growth (YoY)16.79%12.86%8.17%6.68%1.12%2.44%-3.60%-6.05%-1,273 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 / Loans0.00%0.00%0.04%0.05%0.01%0.32%0.25%0.26%+21 bps
Allowance / Loans1.21%1.23%1.25%1.27%1.32%1.11%1.15%1.12%-15 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/an/an/an/an/a
Total Risk-Based Capital14.29%14.51%14.98%15.37%15.61%15.17%15.89%15.56%+19 bps
Equity / Assets9.36%9.74%9.87%10.00%10.34%10.29%11.22%11.26%+126 bps
Liquidity & Funding
Loans / Deposits86.57%89.14%89.70%88.42%90.26%91.19%97.95%99.80%+1,138 bps
Liquid Assets / Assets0.09%0.03%0.07%0.03%0.02%0.02%0.03%0.01%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a