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First Security Trust Bank, Inc.

Florence, KY · Cert 34863

FDIC

Q1 2014

$82.3MAssets
$62.4MLoans
$70.8MDeposits
$8.1MEquity
Loan mix
93%RE $37.4M7%C&I $2.7M0%Consumer $0.2MQ1 2013Q1 2014
Deposit mix
83%Interest-bearing $58.9M17%Noninterest $11.9MQ1 2013Q1 2014

NIM

4.03%Q1 ’123.47%Q1 ’133.65%Q1 ’14+0%+8%

Non-interest income vs. expense

3.64%Q1 ’124.95%Q1 ’133.87%Q1 ’14+3%+4%

Executive Summary

  • Earnings: ROA of -0.10%, up 82 bps year over year; NIM at 3.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.92%.
  • Funding: loans stand at 88.17% of deposits as of Q1 2014.

Financial Results

Return on Assets (quarter, annualized)

-0.10%+82 bps YoY

Net Interest Margin (quarter, annualized)

3.41%+26 bps YoY

Efficiency Ratio (quarter, annualized)

103.35%-178 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets-0.92%-0.93%-0.83%-0.70%-0.10%+82 bps
Return on Equity-9.73%-9.91%-8.83%-7.32%-1.05%+868 bps
Net Interest Margin3.15%3.12%3.24%3.54%3.41%+26 bps
Efficiency Ratio105.13%116.52%114.77%118.04%103.35%-178 bps
Non-Interest Burden3.39%3.79%3.85%4.20%3.54%+15 bps
Growth
Asset Growth (YoY)-15.11%-15.44%-16.79%-13.55%-11.17%+394 bps
Loan Growth (YoY)-23.43%-22.00%-22.75%-9.93%-3.52%+1,991 bps
Deposit Growth (YoY)-16.27%-15.96%-18.22%-16.92%-13.91%+236 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.21%0.73%0.23%0.02%-0.92%-213 bps
Allowance / Loans2.17%2.11%2.19%2.10%2.42%+25 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 Capital13.99%13.94%14.04%13.88%14.11%+13 bps
Equity / Assets9.49%9.37%9.51%9.58%9.78%+29 bps
Liquidity & Funding
Loans / Deposits78.67%80.37%84.94%91.04%88.17%+950 bps
Liquid Assets / Assets0.45%0.91%0.99%0.69%0.67%+23 bps
CRE / Total Capitaln/an/an/an/an/an/an/a