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Ohio Legacy Bank, N.A.

Wooster, OH · Cert 35385

FDIC · 34 branches

Q4 2019

$2.9BAssets
$2.4BLoans
$2.3BDeposits
$299.0MEquity
Loan mix
82%RE $1.7B13%C&I $0.3B5%Consumer $0.1BQ4 2018Q4 2019
Deposit mix
79%Interest-bearing $1.9B21%Noninterest $0.5BQ4 2018Q4 2019

NIM

3.77%Q4 ’174.29%Q4 ’184.03%Q4 ’19+5%-9%

Non-interest income vs. expense

2.61%Q4 ’172.42%Q4 ’182.30%Q4 ’19-3%-13%

Market Position · Youngstown-Warren-Boardman, OH-PA · 2019 SOD (annual) · 11.7% share · #3 of 18 inst. · $1.2B of $10.5B

19.8% Mahoning
19.2% Columbiana
2.9% Stark
5.5% Trumbull

Executive Summary

  • Earnings: ROA of 1.31%, down 1 bps year over year; NIM at 3.04%.
  • Asset quality: problem loans at 0.54% of loans (+26 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 10.25%, up 13 bps from a year ago.
  • Funding: loans stand at 100.91% of deposits as of Q4 2019.

Financial Results

Return on Assets (quarter, annualized)

1.31%-1 bps YoY

Net Interest Margin (quarter, annualized)

3.04%-32 bps YoY

Efficiency Ratio (quarter, annualized)

58.88%+10 bps YoY

Tier 1 Leverage Ratio

10.25%+13 bps YoY

Discrete quarter, annualized.

MetricQ4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets1.32%1.16%1.41%1.41%1.31%-1 bps
Return on Equity13.33%11.59%13.95%13.79%12.74%-58 bps
Net Interest Margin3.36%3.15%3.12%3.02%3.04%-32 bps
Efficiency Ratio58.79%63.50%56.13%52.73%58.88%+10 bps
Non-Interest Burden1.66%1.73%1.38%1.17%1.44%-22 bps
Growth
Asset Growth (YoY)6.06%5.90%3.61%4.20%1.98%-409 bps
Loan Growth (YoY)8.69%7.05%5.40%5.27%3.40%-529 bps
Deposit Growth (YoY)13.41%11.11%5.70%-9.92%3.72%-970 bps
Asset Quality
Nonperforming Loans / Loans0.29%0.31%0.55%0.43%0.54%+26 bps
Net Charge-Offs / Loans0.19%0.01%-0.01%0.20%0.05%-14 bps
Allowance / Loans0.89%0.88%0.87%0.84%0.81%-8 bps
Allowance Coverage of NPLs3.1x2.9x1.6x1.9x1.5x-1.6x
Capital
Tier 1 Leverage Ratio10.11%9.99%10.32%10.04%10.25%+13 bps
Total Risk-Based Capital14.30%13.90%14.17%13.73%14.21%-9 bps
Equity / Assets10.03%9.92%10.33%10.12%10.47%+44 bps
Liquidity & Funding
Loans / Deposits101.21%99.16%102.15%110.59%100.91%-30 bps
Liquid Assets / Assets3.57%3.68%0.80%0.67%0.61%-296 bps
CRE / Total Capitaln/an/an/an/an/an/an/a