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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

4.13%Q4 ’103.89%Q4 ’113.70%Q4 ’12+0%-3%

Non-interest income vs. expense

2.63%Q4 ’102.50%Q4 ’113.04%Q4 ’12-4%+21%

Executive Summary

  • Earnings: ROA of -0.27%, down 66 bps year over year; NIM at 2.70%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.92%.
  • Funding: loans stand at 53.45% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

-0.27%-66 bps YoY

Net Interest Margin (quarter, annualized)

2.70%-9 bps YoY

Efficiency Ratio (quarter, annualized)

105.76%+2,033 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.39%-0.29%0.09%-0.18%-0.27%-66 bps
Return on Equity5.58%-4.25%1.29%-2.42%-3.74%-932 bps
Net Interest Margin2.79%2.88%2.79%2.65%2.70%-9 bps
Efficiency Ratio85.43%105.57%92.03%102.17%105.76%+2,033 bps
Non-Interest Burden2.39%3.07%2.58%2.73%2.89%+50 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 / Loans2.44%0.09%-0.04%0.20%0.92%-152 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