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Letter portraitLegal landscapeQuarterYTD

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 $54.0MQ4 2011Q3 2013
Deposit mix
79%Interest-bearing $574.7M21%Noninterest $153.6MQ4 2011Q3 2013

Executive Summary

  • Earnings: ROA of 1.13%, down 2 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 0.08%.
  • Funding: loans stand at 90.06% of deposits as of Q3 2013.

Return on Assets (YTD, annualized)

1.13%-2 bps YoY

Net Interest Margin (YTD, annualized)

3.40%-13 bps YoY

Efficiency Ratio (YTD, annualized)

65.84%-44 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.25%Q3 ’114.13%Q3 ’123.83%Q3 ’13+2%-4%

Non-interest income vs. expense

3.09%Q3 ’113.19%Q3 ’123.11%Q3 ’13+12%-6%

Year to date, annualized, through each quarter.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets1.13%1.20%1.16%1.15%1.14%1.07%1.15%1.13%-2 bps
Return on Equity8.59%8.80%8.44%8.28%8.22%7.62%8.22%8.03%-25 bps
Net Interest Margin3.43%3.55%3.53%3.53%3.48%3.43%3.36%3.40%-13 bps
Efficiency Ratio64.00%65.23%66.72%66.28%66.45%66.65%64.73%65.84%-44 bps
Non-Interest Burden1.77%1.92%2.00%1.95%1.94%1.92%1.76%1.83%-12 bps
Growth
Asset Growth (YoY)0.94%1.29%-2.03%-4.39%-0.74%0.39%0.56%1.01%+540 bps
Loan Growth (YoY)2.67%4.31%3.26%0.19%-1.27%-0.16%0.53%2.64%+245 bps
Deposit Growth (YoY)4.27%3.49%-0.62%-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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.34%0.06%0.02%0.11%0.11%0.09%0.06%0.08%-3 bps
Allowance / Loans1.06%1.07%1.09%1.09%1.11%1.12%1.18%1.20%+11 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital16.46%16.52%16.46%16.80%17.35%17.39%17.17%17.03%+23 bps
Equity / Assets13.61%13.74%13.91%14.19%14.07%13.97%14.09%14.24%+5 bps
Liquidity & Funding
Loans / Deposits87.65%87.92%89.69%90.63%86.37%85.82%87.61%90.06%-56 bps
Liquid Assets / Assets4.59%3.65%2.83%2.37%4.96%5.96%4.29%3.18%+81 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a