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Pennsylvania Business Bank

Philadelphia, PA · Cert 35071

FDIC

Q1 2009

$116.1MAssets
$91.4MLoans
$89.6MDeposits
$14.5MEquity
Loan mix
54%RE $44.4M46%C&I $37.2M0%Consumer $0.1MQ1 2008Q1 2009
Deposit mix
95%Interest-bearing $84.8M5%Noninterest $4.8MQ1 2008Q1 2009

NIM

6.73%Q1 ’076.59%Q1 ’085.37%Q1 ’090%-2%

Non-interest income vs. expense

4.46%Q1 ’074.16%Q1 ’083.17%Q1 ’09+9%-25%

Executive Summary

  • Earnings: ROA of 0.82%, up 157 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.39%.
  • Funding: loans stand at 102.02% of deposits as of Q1 2009.

Financial Results

Return on Assets (quarter, annualized)

0.82%1+157 bps YoY

Net Interest Margin (quarter, annualized)

2.86%-6 bps YoY

Efficiency Ratio (quarter, annualized)

97.34%-2,482 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets-0.75%0.10%-0.57%0.83%0.82%1+157 bps
Return on Equity-10.89%1.45%-8.08%8.52%6.71%+1,760 bps
Net Interest Margin2.92%3.09%3.41%-7.91%2.86%-6 bps
Efficiency Ratio122.16%97.69%114.52%122.48%97.34%-2,482 bps
Non-Interest Burden3.67%2.99%3.99%-8.77%2.77%-90 bps
Growth
Asset Growth (YoY)-8.45%-12.23%-9.73%-2.68%-0.61%+784 bps
Loan Growth (YoY)-2.40%-4.41%-3.82%-2.56%1.33%+373 bps
Deposit Growth (YoY)-7.27%-13.89%-15.65%-8.83%-11.11%-384 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%0.60%-0.47%-0.22%0.39%+29 bps
Allowance / Loans1.76%1.67%1.76%1.72%1.57%-19 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 Capital9.29%9.78%9.53%10.69%10.47%+118 bps
Equity / Assets6.99%7.08%7.13%12.11%12.45%+546 bps
Liquidity & Funding
Loans / Deposits89.49%90.50%98.48%90.13%102.02%+1,253 bps
Liquid Assets / Assets2.00%2.37%1.79%5.97%1.52%-48 bps
CRE / Total Capitaln/an/an/an/an/an/an/a