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Sparks State Bank, The

Sparks, MD · Cert 5868

FDIC

Q1 2002

$271.6MAssets
$189.8MLoans
$209.2MDeposits
$39.7MEquity
Loan mix
82%RE $67.9M17%C&I $14.2M0%Consumer $0.2MQ1 2001Q1 2002
Deposit mix
79%Interest-bearing $165.4M21%Noninterest $43.9MQ1 2001Q1 2002

NIM

7.85%Q1 ’016.23%Q1 ’02-6%

Non-interest income vs. expense

1.85%Q1 ’011.78%Q1 ’02-7%

Executive Summary

  • Earnings: ROA of 2.09%, down 15 bps year over year; NIM at 4.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 90.73% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

2.09%-15 bps YoY

Net Interest Margin (quarter, annualized)

4.50%-27 bps YoY

Efficiency Ratio (quarter, annualized)

35.83%+33 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets2.24%2.23%2.26%2.06%2.09%-15 bps
Return on Equityn/a18.03%18.47%16.83%15.49%n/a
Net Interest Margin4.77%4.80%4.78%4.70%4.50%-27 bps
Efficiency Ratio35.50%34.55%34.23%42.02%35.83%+33 bps
Non-Interest Burden1.42%1.35%1.31%1.55%1.32%-10 bps
Growth
Asset Growth (YoY)6.50%8.37%13.65%8.90%11.03%+452 bps
Loan Growth (YoY)7.83%9.83%8.97%4.73%-2.21%-1,004 bps
Deposit Growth (YoY)7.08%7.67%9.40%8.32%6.17%-91 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%0.04%-0.02%-0.02%0.12%+15 bps
Allowance / Loans2.04%2.01%2.01%2.09%2.17%+13 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 Capital18.02%17.92%17.61%18.23%18.78%+76 bps
Equity / Assets12.48%12.30%12.16%12.34%14.60%+212 bps
Liquidity & Funding
Loans / Deposits98.50%98.03%98.91%93.37%90.73%-778 bps
Liquid Assets / Assets0.35%0.35%0.47%0.48%0.49%+13 bps
CRE / Total Capitaln/an/an/an/an/an/an/a