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Sun Bank

Selinsgrove, PA · Cert 441

FDIC

Q3 2004

$1.0BAssets
$671.7MLoans
$634.9MDeposits
$112.9MEquity
Loan mix
54%RE $161.8M46%C&I $137.3M1%Consumer $2.6MQ3 2003Q3 2004
Deposit mix
89%Interest-bearing $564.5M11%Noninterest $70.4MQ3 2003Q3 2004

NIM

5.91%Q3 ’024.75%Q3 ’034.47%Q3 ’04-16%-7%

Non-interest income vs. expense

2.47%Q3 ’022.51%Q3 ’033.40%Q3 ’04-14%+45%

Executive Summary

  • Earnings: ROA of -0.51%, down 133 bps year over year; NIM at 2.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.56%.
  • Funding: loans stand at 105.80% of deposits as of Q3 2004.

Financial Results

Return on Assets (quarter, annualized)

-0.51%-133 bps YoY

Net Interest Margin (quarter, annualized)

2.31%-17 bps YoY

Efficiency Ratio (quarter, annualized)

96.31%+2,412 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets0.82%0.55%0.71%0.65%-0.51%-133 bps
Return on Equity8.83%5.84%6.88%5.98%-4.72%-1,355 bps
Net Interest Margin2.49%2.43%2.55%2.40%2.31%-17 bps
Efficiency Ratio72.19%73.40%71.73%76.68%96.31%+2,412 bps
Non-Interest Burden1.53%1.68%1.55%1.61%2.22%+69 bps
Growth
Asset Growth (YoY)8.68%9.10%4.17%2.90%-0.04%-872 bps
Loan Growth (YoY)14.19%12.05%10.54%3.27%0.11%-1,408 bps
Deposit Growth (YoY)8.07%5.06%8.56%-0.60%-2.79%-1,085 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.31%-0.07%-0.14%0.09%0.56%+26 bps
Allowance / Loans1.08%1.14%1.23%1.29%1.41%+34 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 Capital10.16%10.26%10.90%11.09%11.11%+95 bps
Equity / Assets9.36%9.53%11.08%10.71%10.95%+159 bps
Liquidity & Funding
Loans / Deposits102.74%109.95%105.37%104.53%105.80%+306 bps
Liquid Assets / Assets0.08%0.05%0.05%0.14%0.15%+7 bps
CRE / Total Capitaln/an/an/an/an/an/an/a