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Lebanon Valley Farmers Bank

Lebanon, PA · Cert 6054

FDIC

Q2 2007

$780.5MAssets
$547.5MLoans
$602.7MDeposits
$52.6MEquity
Loan mix
80%RE $345.0M18%C&I $77.4M2%Consumer $7.0MQ2 2006Q2 2007
Deposit mix
80%Interest-bearing $481.0M20%Noninterest $121.7MQ2 2006Q2 2007

NIM

5.19%Q2 ’055.80%Q2 ’066.09%Q2 ’07-4%0%

Non-interest income vs. expense

2.27%Q2 ’052.11%Q2 ’062.13%Q2 ’07-9%+1%

Executive Summary

  • Earnings: ROA of 1.58%, down 3 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 90.84% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

1.58%-3 bps YoY

Net Interest Margin (quarter, annualized)

3.40%-1 bps YoY

Efficiency Ratio (quarter, annualized)

47.34%+51 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.60%1.76%1.67%1.48%1.58%-3 bps
Return on Equity27.00%28.83%25.89%22.31%23.51%-349 bps
Net Interest Margin3.41%3.72%3.28%3.25%3.40%-1 bps
Efficiency Ratio46.82%43.88%45.47%48.93%47.34%+51 bps
Non-Interest Burden1.02%1.04%0.78%1.07%1.03%+1 bps
Growth
Asset Growth (YoY)3.27%5.26%3.36%2.36%-0.04%-330 bps
Loan Growth (YoY)9.13%7.00%3.48%1.60%-2.30%-1,143 bps
Deposit Growth (YoY)-0.90%1.71%0.67%2.06%2.49%+339 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.06%0.01%0.02%+1 bps
Allowance / Loans0.94%0.94%0.95%0.94%0.95%+1 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 Capital10.82%11.24%11.51%11.45%11.59%+77 bps
Equity / Assets5.91%6.31%6.59%6.66%6.74%+83 bps
Liquidity & Funding
Loans / Deposits95.29%90.18%90.42%92.74%90.84%-445 bps
Liquid Assets / Assets0.11%0.02%0.01%0.01%0.01%-10 bps
CRE / Total Capitaln/an/an/an/an/an/an/a