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Firstservice Bank

Doylestown, PA · Cert 34042

FDIC

Q4 2002

$399.6MAssets
$224.7MLoans
$291.7MDeposits
$31.5MEquity
Loan mix
65%RE $45.7M35%C&I $24.4M0%Consumer $0.2MQ4 2001Q4 2002
Deposit mix
79%Interest-bearing $231.8M21%Noninterest $59.9MQ4 2001Q4 2002

NIM

7.09%Q1 ’016.16%Q4 ’015.23%Q4 ’02-5%+6%

Non-interest income vs. expense

2.99%Q1 ’013.00%Q4 ’013.47%Q4 ’02-8%+0%

Executive Summary

  • Earnings: ROA of 0.94%, up 26 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 77.03% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

0.94%+26 bps YoY

Net Interest Margin (YTD, annualized)

3.61%+21 bps YoY

Efficiency Ratio (YTD, annualized)

72.23%-87 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets0.68%0.84%0.90%0.93%0.94%+26 bps
Return on Equityn/a11.27%12.24%12.37%12.37%n/a
Net Interest Margin3.40%4.00%3.80%3.64%3.61%+21 bps
Efficiency Ratio73.09%73.69%72.58%72.54%72.23%-87 bps
Non-Interest Burden2.30%2.65%2.44%2.33%2.30%0 bps
Growth
Asset Growth (YoY)18.62%16.98%14.68%8.05%16.10%-251 bps
Loan Growth (YoY)22.08%18.23%14.61%13.84%13.23%-885 bps
Deposit Growth (YoY)32.66%29.18%22.98%14.47%25.86%-680 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%-0.06%-0.04%-0.02%-0.03%-11 bps
Allowance / Loans1.32%1.39%1.44%1.45%1.48%+17 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 Capital10.21%10.23%10.46%10.90%10.82%+60 bps
Equity / Assets7.39%7.53%7.11%8.11%7.87%+48 bps
Liquidity & Funding
Loans / Deposits85.63%84.57%77.27%85.22%77.03%-860 bps
Liquid Assets / Assets0.10%0.07%0.04%0.05%2.61%+252 bps
CRE / Total Capitaln/an/an/an/an/an/an/a