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Cottage Savings Bank

Montgomery, OH · Cert 57089

FDIC

Q3 2012

$41.4MAssets
$26.2MLoans
$29.9MDeposits
$7.6MEquity
Deposit mix
95%Interest-bearing $28.5M5%Noninterest $1.4MQ3 2011Q3 2012

NIM

3.96%Q3 ’103.71%Q3 ’113.08%Q3 ’12+1%-21%

Non-interest income vs. expense

2.54%Q3 ’102.79%Q3 ’112.96%Q3 ’12+18%-24%

Executive Summary

  • Earnings: ROA of 0.98%, down 22 bps year over year; NIM at 2.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 87.69% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

0.98%-22 bps YoY

Net Interest Margin (quarter, annualized)

2.00%-54 bps YoY

Efficiency Ratio (quarter, annualized)

74.88%+525 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets1.21%1.47%0.51%0.13%0.98%-22 bps
Return on Equity6.83%8.28%2.90%0.70%5.36%-147 bps
Net Interest Margin2.54%1.98%2.03%1.98%2.00%-54 bps
Efficiency Ratio69.63%65.06%81.51%95.77%74.88%+525 bps
Non-Interest Burden1.32%0.53%1.52%1.86%1.00%-31 bps
Growth
Asset Growth (YoY)-3.79%0.87%2.19%0.51%1.22%+501 bps
Loan Growth (YoY)-6.74%-7.87%-10.23%-7.63%-7.42%-69 bps
Deposit Growth (YoY)4.27%11.41%8.81%3.06%0.71%-356 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.85%0.86%0.89%0.88%0.92%+7 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 Capital25.74%26.43%27.06%27.46%28.82%+309 bps
Equity / Assets17.78%17.61%17.70%18.27%18.34%+56 bps
Liquidity & Funding
Loans / Deposits95.39%90.62%87.27%92.05%87.69%-770 bps
Liquid Assets / Assets20.11%24.34%27.20%23.62%26.82%+671 bps
CRE / Total Capitaln/an/an/an/an/an/an/a