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Northwood Savings Bank

Philadelphia, PA · Cert 35034

FDIC

Q3 2005

$9.3MAssets
$5.1MLoans
$8.1MDeposits
$936KEquity
Deposit mix
99%Interest-bearing $8.1M1%Noninterest $0.1MQ3 2004Q3 2005

NIM

7.70%Q3 ’036.84%Q3 ’046.30%Q3 ’05-8%-14%

Non-interest income vs. expense

4.01%Q3 ’033.91%Q3 ’043.32%Q3 ’05-1%-14%

Executive Summary

  • Earnings: ROA of 0.64%, up 4 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 62.52% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

0.64%+4 bps YoY

Net Interest Margin (quarter, annualized)

3.83%-64 bps YoY

Efficiency Ratio (quarter, annualized)

86.67%0 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.60%0.34%1.76%0.77%0.64%+4 bps
Return on Equity5.99%3.36%17.31%7.36%6.19%+20 bps
Net Interest Margin4.47%4.17%3.90%4.08%3.83%-64 bps
Efficiency Ratio86.67%66.33%73.91%77.08%86.67%0 bps
Non-Interest Burden3.87%2.76%2.87%3.14%3.32%-55 bps
Growth
Asset Growth (YoY)6.64%6.02%-0.92%2.45%-1.46%-810 bps
Loan Growth (YoY)9.66%12.66%11.84%-2.16%-10.67%-2,033 bps
Deposit Growth (YoY)6.84%6.54%-1.09%1.64%-2.57%-941 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%-1.55%0.00%0.00%0 bps
Allowance / Loans0.40%0.52%0.51%0.54%0.57%+17 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 Capital20.29%20.11%21.22%22.28%23.22%+293 bps
Equity / Assets10.27%9.98%10.32%10.70%10.12%-15 bps
Liquidity & Funding
Loans / Deposits68.19%66.54%69.24%64.13%62.52%-567 bps
Liquid Assets / Assets3.48%2.39%1.28%3.85%6.08%+260 bps
CRE / Total Capitaln/an/an/an/an/an/an/a