PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of Southern Maryland

La Plata, MD · Cert 5863

FDIC

Q2 2004

$241.6MAssets
$125.6MLoans
$207.1MDeposits
$22.5MEquity
Loan mix
34%RE $17.6M65%C&I $33.8M1%Consumer $0.4MQ2 2003Q2 2004
Deposit mix
73%Interest-bearing $151.3M27%Noninterest $55.8MQ2 2003Q2 2004

NIM

5.90%Q2 ’025.42%Q2 ’034.94%Q2 ’04-4%-6%

Non-interest income vs. expense

1.89%Q2 ’021.95%Q2 ’031.93%Q2 ’04-10%+3%

Executive Summary

  • Earnings: ROA of 2.13%, down 17 bps year over year; NIM at 4.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 60.63% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

2.13%-17 bps YoY

Net Interest Margin (quarter, annualized)

4.33%-29 bps YoY

Efficiency Ratio (quarter, annualized)

37.43%+205 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets2.30%2.11%2.77%2.04%2.13%-17 bps
Return on Equity15.51%17.07%28.21%20.69%22.03%+652 bps
Net Interest Margin4.63%4.46%4.55%4.38%4.33%-29 bps
Efficiency Ratio35.38%37.37%38.02%38.10%37.43%+205 bps
Non-Interest Burden1.07%1.21%1.25%1.19%1.10%+3 bps
Growth
Asset Growth (YoY)5.45%2.95%7.82%2.85%2.29%-316 bps
Loan Growth (YoY)5.42%2.16%6.50%5.53%8.12%+269 bps
Deposit Growth (YoY)4.75%2.89%4.32%3.22%3.40%-134 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%-0.01%0.10%-0.01%-0.01%-6 bps
Allowance / Loans2.44%2.42%1.75%1.73%1.72%-72 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 Capital26.91%26.39%25.69%25.36%24.81%-210 bps
Equity / Assets14.75%9.96%9.70%10.02%9.32%-543 bps
Liquidity & Funding
Loans / Deposits57.99%59.71%62.55%61.60%60.63%+264 bps
Liquid Assets / Assets0.23%0.24%0.18%0.56%0.97%+74 bps
CRE / Total Capitaln/an/an/an/an/an/an/a