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Fredericktown Bank & Trust Company

Frederick, MD · Cert 5878

FDIC

Q3 2003

$321.7MAssets
$201.9MLoans
$242.7MDeposits
$26.1MEquity
Loan mix
65%RE $54.1M34%C&I $28.6M1%Consumer $0.8MQ3 2002Q3 2003
Deposit mix
75%Interest-bearing $180.9M25%Noninterest $61.8MQ3 2002Q3 2003

NIM

7.15%Q3 ’016.03%Q3 ’024.93%Q3 ’03-6%-22%

Non-interest income vs. expense

2.67%Q3 ’012.59%Q3 ’022.28%Q3 ’03-5%-14%

Executive Summary

  • Earnings: ROA of 1.31%, down 45 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 83.17% of deposits as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

1.31%-45 bps YoY

Net Interest Margin (quarter, annualized)

3.55%-100 bps YoY

Efficiency Ratio (quarter, annualized)

54.01%+477 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.76%1.84%1.57%1.64%1.31%-45 bps
Return on Equity13.63%14.13%12.31%13.15%13.02%-61 bps
Net Interest Margin4.55%4.64%4.36%4.35%3.55%-100 bps
Efficiency Ratio49.24%48.53%51.77%50.30%54.01%+477 bps
Non-Interest Burden1.88%1.91%1.94%1.83%1.61%-27 bps
Growth
Asset Growth (YoY)11.07%7.68%8.52%9.66%21.86%+1,079 bps
Loan Growth (YoY)17.91%17.10%13.10%9.31%7.36%-1,055 bps
Deposit Growth (YoY)12.50%8.42%7.80%7.19%10.40%-210 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.03%0.01%0.00%0.00%0 bps
Allowance / Loans1.99%1.97%2.02%1.95%1.88%-11 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 Capital17.92%17.98%18.12%17.65%18.14%+23 bps
Equity / Assets13.04%12.95%12.64%12.32%8.13%-491 bps
Liquidity & Funding
Loans / Deposits85.52%84.78%81.48%83.66%83.17%-235 bps
Liquid Assets / Assets0.25%0.24%0.24%0.11%0.06%-18 bps
CRE / Total Capitaln/an/an/an/an/an/an/a