PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Harvest Bank of Maryland

Rockville, MD · Cert 57766

FDIC

Q1 2012

$163.0MAssets
$89.2MLoans
$145.5MDeposits
$1.2MEquity
Loan mix
85%RE $63.3M15%C&I $11.3M0%Consumer $0.1MQ1 2011Q1 2012
Deposit mix
93%Interest-bearing $135.0M7%Noninterest $10.5MQ1 2011Q1 2012

NIM

4.44%Q1 ’103.58%Q1 ’112.91%Q1 ’12-15%-21%

Non-interest income vs. expense

3.00%Q1 ’104.40%Q1 ’114.57%Q1 ’12+57%+1%

Executive Summary

  • Earnings: ROA of -3.60%, down 395 bps year over year; NIM at 1.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.79%.
  • Funding: loans stand at 61.32% of deposits as of Q1 2012.

Financial Results

Return on Assets (YTD, annualized)

-3.60%-395 bps YoY

Net Interest Margin (YTD, annualized)

1.56%-41 bps YoY

Efficiency Ratio (YTD, annualized)

282%+5,221 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets0.35%-1.43%-0.81%-1.76%-3.60%-395 bps
Return on Equity10.97%-47.34%-26.75%-63.89%-292%-30,256 bps
Net Interest Margin1.97%2.10%2.07%1.98%1.56%-41 bps
Efficiency Ratio229%185.62%179.97%220%282%+5,221 bps
Non-Interest Burden4.46%3.95%3.76%4.43%4.52%+6 bps
Growth
Asset Growth (YoY)-29.16%-24.25%-7.52%1.50%6.00%+3,517 bps
Loan Growth (YoY)-19.30%-20.51%-13.48%-15.99%-20.11%-81 bps
Deposit Growth (YoY)-26.93%-20.22%-6.52%6.92%13.66%+4,059 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.64%0.79%1.11%1.44%2.79%+115 bps
Allowance / Loans2.73%3.61%3.20%2.94%2.80%+7 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 Capital5.97%5.00%5.16%3.66%1.94%-403 bps
Equity / Assets3.30%2.71%3.01%1.71%0.76%-255 bps
Liquidity & Funding
Loans / Deposits87.24%81.96%78.98%65.70%61.32%-2,592 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a