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Franklin Security Bank

Plains Township, PA · Cert 35113

FDIC

Q1 2014

$219.8MAssets
$157.0MLoans
$164.5MDeposits
$25.2MEquity
Loan mix
30%RE $41.2M18%C&I $24.9M52%Consumer $70.8MQ1 2013Q1 2014
Deposit mix
94%Interest-bearing $154.8M6%Noninterest $9.7MQ1 2013Q1 2014

NIM

3.59%Q1 ’123.41%Q1 ’133.51%Q1 ’14+3%+11%

Non-interest income vs. expense

2.55%Q1 ’122.20%Q1 ’132.26%Q1 ’14-16%+14%

Executive Summary

  • Earnings: ROA of 0.16%, down 28 bps year over year; NIM at 2.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.44%.
  • Funding: loans stand at 95.45% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

0.16%-28 bps YoY

Net Interest Margin (YTD, annualized)

2.75%+27 bps YoY

Efficiency Ratio (YTD, annualized)

82.53%+147 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.44%0.37%0.31%-0.04%0.16%-28 bps
Return on Equity3.76%3.15%2.68%-0.34%1.43%-233 bps
Net Interest Margin2.49%2.58%2.66%2.61%2.75%+27 bps
Efficiency Ratio81.06%80.80%80.17%78.66%82.53%+147 bps
Non-Interest Burden1.99%2.05%2.10%2.32%2.28%+29 bps
Growth
Asset Growth (YoY)2.39%-3.40%0.23%-1.39%-1.47%-386 bps
Loan Growth (YoY)0.90%-0.57%2.02%5.36%12.27%+1,137 bps
Deposit Growth (YoY)11.14%-0.59%3.63%4.01%3.13%-801 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.54%0.47%0.49%0.50%0.44%-10 bps
Allowance / Loans1.03%0.99%0.97%1.00%1.00%-3 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 Capital17.42%17.17%16.58%16.20%16.07%-135 bps
Equity / Assets11.77%11.74%11.11%11.02%11.46%-31 bps
Liquidity & Funding
Loans / Deposits87.68%93.89%88.49%94.63%95.45%+777 bps
Liquid Assets / Assets3.77%0.89%4.86%2.82%0.85%-292 bps
CRE / Total Capitaln/an/an/an/an/an/an/a