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Town Square Bank Inc.

Ashland, KY · Cert 35337

FDIC

Q4 2013

$150.0MAssets
$126.1MLoans
$121.6MDeposits
$18.1MEquity
Loan mix
76%RE $93.0M20%C&I $24.7M4%Consumer $5.0MQ4 2012Q4 2013
Deposit mix
79%Interest-bearing $95.5M21%Noninterest $26.1MQ4 2012Q4 2013

NIM

4.32%Q4 ’114.87%Q4 ’125.03%Q4 ’13+14%+30%

Non-interest income vs. expense

3.63%Q4 ’113.43%Q4 ’123.96%Q4 ’13-7%+15%

Executive Summary

  • Earnings: ROA of 0.43%, up 50 bps year over year; NIM at 4.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.24%.
  • Funding: loans stand at 103.69% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

0.43%+50 bps YoY

Net Interest Margin (quarter, annualized)

4.62%+108 bps YoY

Efficiency Ratio (quarter, annualized)

71.83%-778 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-0.06%1.83%1.40%1.44%0.43%+50 bps
Return on Equity-0.63%17.38%12.64%12.35%3.62%+426 bps
Net Interest Margin3.54%4.14%4.39%4.66%4.62%+108 bps
Efficiency Ratio79.61%66.34%66.88%65.12%71.83%-778 bps
Non-Interest Burden2.66%2.41%2.66%2.73%3.07%+41 bps
Growth
Asset Growth (YoY)-6.50%-11.16%-9.39%-10.98%-9.48%-298 bps
Loan Growth (YoY)0.87%-0.52%-5.51%-4.05%-5.61%-648 bps
Deposit Growth (YoY)1.46%-6.91%-8.47%-10.51%-16.37%-1,783 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.57%-0.01%1.36%0.26%1.24%+67 bps
Allowance / Loans1.25%1.27%1.09%1.18%1.25%-1 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 Capital14.04%14.87%15.83%16.44%16.70%+267 bps
Equity / Assets10.24%10.85%11.31%11.93%12.05%+181 bps
Liquidity & Funding
Loans / Deposits91.87%95.70%95.06%100.22%103.69%+1,182 bps
Liquid Assets / Assets0.37%0.57%0.38%0.18%0.38%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a