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Affinity Bank of Pennsylvania

Wyomissing, PA · Cert 57478

FDIC

Q4 2012

$174.7MAssets
$79.6MLoans
$148.8MDeposits
$12.5MEquity
Loan mix
81%RE $62.9M18%C&I $13.9M1%Consumer $0.4MQ4 2011Q4 2012
Deposit mix
93%Interest-bearing $137.9M7%Noninterest $10.9MQ4 2011Q4 2012

NIM

4.36%Q4 ’103.89%Q4 ’113.81%Q4 ’12-7%+1%

Non-interest income vs. expense

2.68%Q4 ’102.57%Q4 ’112.97%Q4 ’12-4%+16%

Executive Summary

  • Earnings: ROA of -0.16%, down 20 bps year over year; NIM at 2.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.30%.
  • Funding: loans stand at 53.45% of deposits as of Q4 2012.

Financial Results

Return on Assets (YTD, annualized)

-0.16%-20 bps YoY

Net Interest Margin (YTD, annualized)

2.78%+3 bps YoY

Efficiency Ratio (YTD, annualized)

101.39%+1,225 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.03%1-0.29%-0.10%-0.13%-0.16%-20 bps
Return on Equity0.49%-4.25%-1.46%-1.78%-2.28%-277 bps
Net Interest Margin2.74%2.88%2.87%2.81%2.78%+3 bps
Efficiency Ratio89.14%105.57%98.96%99.97%101.39%+1,225 bps
Non-Interest Burden2.46%3.07%2.86%2.83%2.84%+39 bps
Growth
Asset Growth (YoY)4.30%1.69%1.42%-4.94%-1.65%-595 bps
Loan Growth (YoY)0.16%-1.44%-5.28%-6.54%-13.64%-1,380 bps
Deposit Growth (YoY)5.95%1.58%1.37%-5.91%-1.96%-791 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.89%0.09%0.03%0.09%0.30%-60 bps
Allowance / Loans1.28%1.32%1.47%1.52%1.42%+14 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 Capital13.53%13.54%14.16%14.65%14.86%+133 bps
Equity / Assets6.93%6.91%7.20%7.36%7.13%+20 bps
Liquidity & Funding
Loans / Deposits60.68%60.85%58.89%58.32%53.45%-723 bps
Liquid Assets / Assets0.92%0.92%1.33%1.80%1.76%+85 bps
CRE / Total Capitaln/an/an/an/an/an/an/a