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Penn Security Bank and Trust Company

Scranton, PA · Cert 463

FDIC

Q3 2013

$913.6MAssets
$655.9MLoans
$728.3MDeposits
$130.1MEquity
Loan mix
81%RE $445.2M9%C&I $52.3M10%Consumer $54.0MQ3 2012Q3 2013
Deposit mix
79%Interest-bearing $574.7M21%Noninterest $153.6MQ3 2012Q3 2013

NIM

4.22%Q3 ’114.04%Q3 ’123.80%Q3 ’13+1%-3%

Non-interest income vs. expense

3.18%Q3 ’113.20%Q3 ’123.22%Q3 ’13+7%+3%

Executive Summary

  • Earnings: ROA of 1.09%, down 4 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 90.06% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

1.09%-4 bps YoY

Net Interest Margin (quarter, annualized)

3.38%-11 bps YoY

Efficiency Ratio (quarter, annualized)

68.05%+263 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets1.12%1.14%1.07%1.24%1.09%-4 bps
Return on Equity8.00%8.03%7.62%8.81%7.67%-32 bps
Net Interest Margin3.49%3.43%3.43%3.34%3.38%-11 bps
Efficiency Ratio65.42%66.99%66.65%62.85%68.05%+263 bps
Non-Interest Burden1.84%1.96%1.92%1.64%1.91%+6 bps
Growth
Asset Growth (YoY)-4.39%-0.74%0.39%0.56%1.01%+540 bps
Loan Growth (YoY)0.19%-1.27%-0.16%0.53%2.64%+245 bps
Deposit Growth (YoY)-3.63%0.20%2.27%2.91%3.28%+691 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.28%0.10%0.09%0.04%0.13%-15 bps
Allowance / Loans1.09%1.11%1.12%1.18%1.20%+11 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 Capital16.80%17.35%17.39%17.17%17.03%+23 bps
Equity / Assets14.19%14.07%13.97%14.09%14.24%+5 bps
Liquidity & Funding
Loans / Deposits90.63%86.37%85.82%87.61%90.06%-56 bps
Liquid Assets / Assets2.37%4.96%5.96%4.29%3.18%+81 bps
CRE / Total Capitaln/an/an/an/an/an/an/a