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Frederick County Bank

Frederick, MD · Cert 57255

FDIC · 5 branches

Q4 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2019, the quarter ended December 31, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Frederick County Bank

Frederick, MD · Cert 57255

FDIC · 5 branches

Q4 2019

$434.0MAssets
$347.9MLoans
$374.1MDeposits
$46.2MEquity
Loan mix
83%RE $229.3M17%C&I $47.0M1%Consumer $1.6MQ4 2018Q4 2019
Deposit mix
72%Interest-bearing $269.9M28%Noninterest $104.2MQ4 2018Q4 2019

NIM

3.82%Q4 ’174.00%Q4 ’184.00%Q4 ’190%-8%

Non-interest income vs. expense

2.77%Q4 ’172.85%Q4 ’182.91%Q4 ’19+3%-1%

Market Position · Washington-Arlington-Alexandria, DC-VA-MD-WV · 2019 SOD (annual) · 0.1% share · #33 of 75 inst. · $0.4B of $261.4B

Executive Summary

  • Earnings: ROA of 0.56%, down 26 bps year over year; NIM at 3.17%.
  • Asset quality: problem loans at 0.53% of loans (+38 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.34%, down 3 bps from a year ago.
  • Funding: loans stand at 92.99% of deposits as of Q4 2019.

Financial Results

Return on Assets (YTD, annualized)

0.56%-26 bps YoY

Net Interest Margin (YTD, annualized)

3.17%-27 bps YoY

Efficiency Ratio (YTD, annualized)

80.19%+556 bps YoY

Tier 1 Leverage Ratio

10.34%-3 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets0.82%0.73%0.59%0.55%0.56%-26 bps
Return on Equity8.04%7.12%5.83%5.46%5.44%-260 bps
Net Interest Margin3.45%3.35%3.16%3.16%3.17%-27 bps
Efficiency Ratio74.63%73.42%78.23%78.93%80.19%+556 bps
Non-Interest Burden2.48%2.37%2.39%2.41%2.46%-2 bps
Growth
Asset Growth (YoY)3.46%5.17%7.21%6.96%3.80%+35 bps
Loan Growth (YoY)5.45%5.04%8.04%5.13%2.41%-305 bps
Deposit Growth (YoY)6.28%7.37%8.39%6.66%5.90%-38 bps
Asset Quality
Nonperforming Loans / Loans0.15%0.14%0.68%0.64%0.53%+38 bps
Net Charge-Offs / Loans-0.18%-0.01%-0.03%0.01%0.02%+20 bps
Allowance / Loans1.01%1.00%0.99%0.98%0.91%-10 bps
Allowance Coverage of NPLs6.9x7.2x1.4x1.5x1.7x-5.2x
Capital
Tier 1 Leverage Ratio10.37%10.49%10.17%10.15%10.34%-3 bps
Total Risk-Based Capital12.53%12.38%12.29%12.51%12.76%+23 bps
Equity / Assets10.47%10.08%9.93%10.08%10.65%+18 bps
Liquidity & Funding
Loans / Deposits96.17%91.72%91.47%90.70%92.99%-318 bps
Liquid Assets / Assets7.37%9.35%10.60%11.50%8.06%+69 bps
CRE / Total Capitaln/an/an/an/an/an/an/a