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Public Savings Bank

Willow Grove, PA · Cert 34130

FDIC

Q2 2011

$46.8MAssets
$37.1MLoans
$45.8MDeposits
$721KEquity
Loan mix
74%RE $25.3M5%C&I $1.7M21%Consumer $7.4MQ2 2010Q2 2011
Deposit mix
58%Interest-bearing $26.6M42%Noninterest $19.1MQ2 2010Q2 2011

NIM

7.28%Q2 ’094.28%Q2 ’106.38%Q2 ’11-40%+91%

Non-interest income vs. expense

4.81%Q2 ’0910.28%Q2 ’1015.30%Q2 ’11+63%+54%

Executive Summary

  • Earnings: ROA of -5.17%, down 152 bps year over year; NIM at 5.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.19%.
  • Funding: loans stand at 81.04% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

-5.17%-152 bps YoY

Net Interest Margin (quarter, annualized)

5.41%+258 bps YoY

Efficiency Ratio (quarter, annualized)

128.43%-1,031 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-3.65%-4.51%-4.43%-1.03%-5.17%-152 bps
Return on Equity-64.61%-98.30%-125.35%-35.34%-240%-17,578 bps
Net Interest Margin2.82%4.44%4.56%4.56%5.41%+258 bps
Efficiency Ratio138.74%137.79%121.48%108.70%128.43%-1,031 bps
Non-Interest Burden5.69%7.64%7.00%5.48%8.80%+310 bps
Growth
Asset Growth (YoY)4.83%-4.27%-8.43%-1.95%-4.62%-945 bps
Loan Growth (YoY)2.50%2.02%-1.95%-0.48%-2.54%-504 bps
Deposit Growth (YoY)9.44%0.09%-6.14%1.24%-0.79%-1,023 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.42%0.21%1.94%0.39%1.19%-23 bps
Allowance / Loans2.20%2.49%2.22%2.21%2.48%+28 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 Capital8.31%6.77%4.93%4.68%2.85%-547 bps
Equity / Assets5.26%3.95%3.09%2.74%1.54%-372 bps
Liquidity & Funding
Loans / Deposits82.49%80.39%84.00%78.99%81.04%-146 bps
Liquid Assets / Assets11.64%12.69%6.39%12.74%7.10%-454 bps
CRE / Total Capitaln/an/an/an/an/an/an/a