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First Place Bank

Warren, OH · Cert 34657

FDIC

Q4 2013

$2.2BAssets
$1.6BLoans
$1.8BDeposits
$321.2MEquity
Loan mix
95%RE $1.2B5%C&I $0.1B0%Consumer $0.0BQ4 2012Q4 2013
Deposit mix
83%Interest-bearing $1.5B17%Noninterest $0.3BQ4 2012Q4 2013

NIM

4.12%Q1 ’123.87%Q4 ’123.68%Q4 ’13-4%+11%

Non-interest income vs. expense

4.76%Q1 ’125.00%Q4 ’125.10%Q4 ’13+63%-35%

Executive Summary

  • Earnings: ROA of 1.68%, up 85 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.09%.
  • Funding: loans stand at 90.46% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

1.68%+85 bps YoY

Net Interest Margin (quarter, annualized)

3.44%+33 bps YoY

Efficiency Ratio (quarter, annualized)

72.85%-1,554 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.83%10.90%1.51%0.74%1.68%+85 bps
Return on Equity13.96%10.26%12.90%6.08%12.55%-140 bps
Net Interest Margin3.11%2.84%3.48%3.27%3.44%+33 bps
Efficiency Ratio88.39%77.04%63.97%92.60%72.85%-1,554 bps
Non-Interest Burden2.51%1.20%0.41%2.89%1.63%-87 bps
Growth
Asset Growth (YoY)-4.65%-3.90%-1.12%-4.54%-13.64%-900 bps
Loan Growth (YoY)-7.31%-18.58%-9.68%-12.78%-14.88%-758 bps
Deposit Growth (YoY)-4.41%-7.38%-9.65%-12.91%-16.88%-1,247 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.51%0.34%0.36%0.20%1.09%-41 bps
Allowance / Loans3.72%0.03%0.18%0.41%0.59%-313 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 Capital10.79%15.61%14.84%15.31%15.93%+514 bps
Equity / Assets6.03%11.54%11.81%12.51%14.36%+833 bps
Liquidity & Funding
Loans / Deposits88.35%84.08%93.27%91.45%90.46%+212 bps
Liquid Assets / Assets14.71%15.54%8.88%9.21%3.53%-1,117 bps
CRE / Total Capitaln/an/an/an/an/an/an/a