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Graystone Bank

Lancaster, PA · Cert 58166

FDIC

Q4 2011

$2.5BAssets
$2.1BLoans
$2.1BDeposits
$283.5MEquity
Loan mix
85%RE $1.2B14%C&I $0.2B1%Consumer $0.0BQ4 2010Q4 2011
Deposit mix
83%Interest-bearing $1.8B17%Noninterest $0.4BQ4 2010Q4 2011

NIM

4.72%Q4 ’094.68%Q4 ’104.50%Q4 ’11+11%+0%

Non-interest income vs. expense

2.81%Q4 ’094.61%Q4 ’103.13%Q4 ’11+102%-43%

Executive Summary

  • Earnings: ROA of 0.93%, up 154 bps year over year; NIM at 3.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 96.86% of deposits as of Q4 2011.

Financial Results

Return on Assets (quarter, annualized)

0.93%+154 bps YoY

Net Interest Margin (quarter, annualized)

3.63%+1 bps YoY

Efficiency Ratio (quarter, annualized)

66.86%-3,548 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets-0.62%0.16%0.71%1.10%0.93%+154 bps
Return on Equity-6.16%1.67%6.74%10.06%8.29%+1,445 bps
Net Interest Margin3.61%3.75%3.91%3.90%3.63%+1 bps
Efficiency Ratio102.34%87.82%72.35%63.78%66.86%-3,548 bps
Non-Interest Burden3.75%3.26%2.67%2.27%2.16%-160 bps
Growth
Asset Growth (YoY)87.07%69.73%59.21%56.91%-8.46%-9,554 bps
Loan Growth (YoY)93.62%78.82%66.97%56.92%-6.54%-10,016 bps
Deposit Growth (YoY)91.86%75.59%63.12%59.38%-8.29%-10,015 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.50%0.11%0.92%0.24%0.11%-39 bps
Allowance / Loans0.63%0.72%0.58%0.57%0.61%-3 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 Capital11.79%12.59%12.90%13.06%13.36%+158 bps
Equity / Assets9.35%10.23%10.86%11.04%11.28%+193 bps
Liquidity & Funding
Loans / Deposits95.05%92.89%94.97%96.59%96.86%+181 bps
Liquid Assets / Assets6.66%2.76%1.10%3.34%3.95%-271 bps
CRE / Total Capitaln/an/an/an/an/an/an/a