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Northern State Bank

Towanda, PA · Cert 35210

FDIC

Q4 2002

$86.4MAssets
$63.6MLoans
$74.8MDeposits
$8.4MEquity
Loan mix
42%RE $14.3M57%C&I $19.1M1%Consumer $0.4MQ4 2001Q4 2002
Deposit mix
91%Interest-bearing $68.5M9%Noninterest $6.4MQ4 2001Q4 2002

NIM

7.35%Q1 ’015.95%Q4 ’015.88%Q4 ’02-15%+31%

Non-interest income vs. expense

5.37%Q1 ’013.99%Q4 ’014.06%Q4 ’02-26%+5%

Executive Summary

  • Earnings: ROA of -0.99%, up 115 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 84.94% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

-0.99%+115 bps YoY

Net Interest Margin (YTD, annualized)

3.21%+76 bps YoY

Efficiency Ratio (YTD, annualized)

117.04%-2,501 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets-2.14%-0.61%-0.44%-0.46%-0.99%+115 bps
Return on Equityn/a-5.10%-3.75%-3.93%-8.87%n/a
Net Interest Margin2.45%3.35%3.33%3.41%3.21%+76 bps
Efficiency Ratio142.05%106.54%106.60%104.02%117.04%-2,501 bps
Non-Interest Burden3.64%3.59%3.57%3.57%3.81%+18 bps
Growth
Asset Growth (YoY)47.81%40.18%23.70%10.46%18.75%-2,906 bps
Loan Growth (YoY)87.58%63.78%38.39%27.35%13.01%-7,457 bps
Deposit Growth (YoY)61.91%51.76%31.37%15.14%23.91%-3,800 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.14%0.01%0.02%0.09%0.26%+12 bps
Allowance / Loans1.50%1.50%1.50%1.50%1.50%0 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 Capital16.85%15.59%15.56%14.72%13.81%-304 bps
Equity / Assets12.53%11.52%11.31%11.19%9.73%-281 bps
Liquidity & Funding
Loans / Deposits93.13%92.21%90.61%95.32%84.94%-819 bps
Liquid Assets / Assets0.02%0.02%0.02%0.01%0.03%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a