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Gateway Bank of Pennsylvania

McMurray, PA · Cert 57615

FDIC

Q4 2012

$127.6MAssets
$95.8MLoans
$103.5MDeposits
$20.2MEquity
Loan mix
74%RE $63.9M25%C&I $21.6M1%Consumer $0.4MQ4 2011Q4 2012
Deposit mix
81%Interest-bearing $84.3M19%Noninterest $19.2MQ4 2011Q4 2012

NIM

4.34%Q4 ’104.20%Q4 ’111.32%Q4 ’12+9%-64%

Non-interest income vs. expense

2.66%Q4 ’102.89%Q4 ’111.20%Q4 ’12+9%-58%

Executive Summary

  • Earnings: ROA of 0.03%, down 48 bps year over year; NIM at 1.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 92.54% of deposits as of Q4 2012.

Financial Results

Return on Assets (YTD, annualized)

0.03%-48 bps YoY

Net Interest Margin (YTD, annualized)

1.23%-217 bps YoY

Efficiency Ratio (YTD, annualized)

93.85%+1,026 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 Assets0.52%0.58%0.00%0.08%0.03%-48 bps
Return on Equity4.22%4.61%0.00%0.64%0.24%-398 bps
Net Interest Margin3.40%3.33%3.23%0.61%1.23%-217 bps
Efficiency Ratio83.58%82.86%100.10%80.26%93.85%+1,026 bps
Non-Interest Burden2.83%2.75%3.23%0.51%1.19%-164 bps
Growth
Asset Growth (YoY)-1.80%2.25%3.61%18.80%6.10%+790 bps
Loan Growth (YoY)1.80%4.59%4.05%-0.08%-5.61%-741 bps
Deposit Growth (YoY)-7.25%-3.94%-3.14%8.43%6.84%+1,409 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 / Loans1.43%1.43%1.44%0.00%0.00%-143 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 Capital15.40%15.45%15.79%15.24%16.11%+71 bps
Equity / Assets12.62%12.39%12.13%14.61%15.80%+319 bps
Liquidity & Funding
Loans / Deposits104.75%100.94%99.16%92.22%92.54%-1,221 bps
Liquid Assets / Assets4.50%8.04%9.25%14.02%9.49%+499 bps
CRE / Total Capitaln/an/an/an/an/an/an/a