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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 ’016.38%Q4 ’016.03%Q4 ’02+1%+17%

Non-interest income vs. expense

5.37%Q1 ’013.96%Q4 ’015.53%Q4 ’02-25%+46%

Executive Summary

  • Earnings: ROA of -2.51%, down 108 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.76%.
  • Funding: loans stand at 84.94% of deposits as of Q4 2002.

Financial Results

Return on Assets (quarter, annualized)

-2.51%-108 bps YoY

Net Interest Margin (quarter, annualized)

3.40%+49 bps YoY

Efficiency Ratio (quarter, annualized)

154.49%+3,084 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets-1.43%-0.61%-0.28%-0.48%-2.51%-108 bps
Return on Equity-11.22%-5.10%-2.41%-4.28%-24.04%-1,282 bps
Net Interest Margin2.91%3.35%3.43%3.66%3.40%+49 bps
Efficiency Ratio123.65%106.54%106.66%99.50%154.49%+3,084 bps
Non-Interest Burden3.67%3.59%3.68%3.65%5.35%+168 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 / Loans0.11%0.01%0.03%0.24%0.76%+65 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