PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First County Bank

Doylestown, PA · Cert 34251

FDIC

Q1 2003

$141.6MAssets
$97.9MLoans
$112.8MDeposits
$11.9MEquity
Loan mix
46%RE $19.3M54%C&I $22.5M0%Consumer $0.1MQ2 2001Q1 2003
Deposit mix
78%Interest-bearing $88.2M22%Noninterest $24.6MQ2 2001Q1 2003

Executive Summary

  • Earnings: ROA of 0.37%, up 49 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 86.81% of deposits as of Q1 2003.

Return on Assets (quarter, annualized)

0.37%+49 bps YoY

Net Interest Margin (quarter, annualized)

3.35%+11 bps YoY

Efficiency Ratio (quarter, annualized)

86.20%-941 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

7.64%Q1 ’015.96%Q1 ’025.50%Q1 ’03-7%+4%

Non-interest income vs. expense

3.77%Q1 ’013.55%Q1 ’023.51%Q1 ’03-4%-7%

Discrete quarter, annualized.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets0.40%0.45%0.20%1-0.12%0.56%0.84%1.08%0.37%+49 bps
Return on Equity4.01%4.61%2.12%-1.44%6.74%10.04%12.76%4.34%+579 bps
Net Interest Margin3.39%3.37%3.17%3.23%3.72%3.81%3.63%3.35%+11 bps
Efficiency Ratio89.22%83.88%97.90%95.62%81.95%79.81%79.71%86.20%-941 bps
Non-Interest Burden2.98%2.75%3.10%3.09%3.00%2.96%2.79%2.87%-22 bps
Growth
Asset Growth (YoY)27.03%20.73%14.60%20.67%20.34%23.46%16.17%12.30%-837 bps
Loan Growth (YoY)21.71%18.44%19.11%26.96%39.41%37.14%32.51%15.00%-1,197 bps
Deposit Growth (YoY)19.57%15.92%18.12%24.43%24.27%31.69%19.30%16.77%-767 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 / Loans0.31%0.01%-0.06%0.02%0.01%0.00%0.02%0.03%+1 bps
Allowance / Loans1.25%1.27%1.24%1.20%1.21%1.23%1.23%1.25%+5 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 Capital14.81%14.22%13.26%11.48%11.26%11.53%11.66%11.42%-6 bps
Equity / Assets9.70%9.75%8.91%8.25%8.44%8.36%8.54%8.41%+16 bps
Liquidity & Funding
Loans / Deposits80.59%85.27%82.28%88.14%90.41%88.80%91.39%86.81%-134 bps
Liquid Assets / Assets8.28%6.44%4.76%1.90%2.05%2.01%4.00%0.46%-144 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a