PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

County National Bank

Glen Burnie, MD · Cert 34286

FDIC

Q1 2007

$158.3MAssets
$91.1MLoans
$143.1MDeposits
$13.6MEquity
Loan mix
79%RE $67.3M21%C&I $17.9M0%Consumer $0.0MQ1 2006Q1 2007
Deposit mix
69%Interest-bearing $98.7M31%Noninterest $44.4MQ1 2006Q1 2007

NIM

4.50%Q1 ’055.32%Q1 ’066.09%Q1 ’07+14%+3%

Non-interest income vs. expense

3.19%Q1 ’053.13%Q1 ’063.02%Q1 ’07-6%+2%

Executive Summary

  • Earnings: ROA of 1.01%, up 10 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 63.64% of deposits as of Q1 2007.

Financial Results

Return on Assets (YTD, annualized)

1.01%+10 bps YoY

Net Interest Margin (YTD, annualized)

3.83%+11 bps YoY

Efficiency Ratio (YTD, annualized)

65.40%-178 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets0.91%0.94%0.96%0.97%1.01%+10 bps
Return on Equity11.11%11.29%11.32%11.41%11.84%+73 bps
Net Interest Margin3.72%3.76%3.86%3.81%3.83%+11 bps
Efficiency Ratio67.18%66.94%66.98%67.07%65.40%-178 bps
Non-Interest Burden2.19%2.21%2.29%2.26%2.24%+5 bps
Growth
Asset Growth (YoY)1.86%-0.13%-2.31%7.83%9.67%+781 bps
Loan Growth (YoY)13.06%11.25%10.01%10.06%4.42%-864 bps
Deposit Growth (YoY)2.32%-0.10%-3.09%7.53%9.02%+670 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.03%0.02%0.02%0.00%-4 bps
Allowance / Loans1.04%1.06%1.08%1.07%1.13%+9 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 Capital13.80%13.94%14.10%14.21%14.82%+102 bps
Equity / Assets8.29%8.65%8.81%8.51%8.59%+30 bps
Liquidity & Funding
Loans / Deposits66.44%69.55%70.03%66.96%63.64%-281 bps
Liquid Assets / Assets7.55%7.05%6.76%6.23%6.01%-155 bps
CRE / Total Capitaln/an/an/an/an/an/an/a