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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

4.25%Q4 ’104.15%Q4 ’113.34%Q4 ’12+10%-10%

Non-interest income vs. expense

2.60%Q4 ’102.83%Q4 ’113.28%Q4 ’12+10%+17%

Executive Summary

  • Earnings: ROA of -0.11%, down 80 bps year over year; NIM at 3.10%.
  • 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 (quarter, annualized)

-0.11%-80 bps YoY

Net Interest Margin (quarter, annualized)

3.10%-35 bps YoY

Efficiency Ratio (quarter, annualized)

101.70%+2,081 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.69%0.58%-0.56%0.24%-0.11%-80 bps
Return on Equity5.45%4.61%-4.60%1.78%-0.73%-618 bps
Net Interest Margin3.45%3.33%3.22%-4.17%3.10%-35 bps
Efficiency Ratio80.88%82.86%117.63%82.87%101.70%+2,081 bps
Non-Interest Burden2.78%2.75%3.79%-4.49%3.24%+47 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