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Randolph National Bank

Randolph, VT · Cert 6281

FDIC

Q3 2013

$169.8MAssets
$132.5MLoans
$152.4MDeposits
$14.1MEquity
Loan mix
91%RE $115.2M6%C&I $8.0M3%Consumer $4.0MQ3 2012Q3 2013
Deposit mix
73%Interest-bearing $110.7M27%Noninterest $41.7MQ3 2012Q3 2013

NIM

4.76%Q3 ’114.70%Q3 ’124.21%Q3 ’13+4%-9%

Non-interest income vs. expense

4.06%Q3 ’114.27%Q3 ’124.79%Q3 ’13+4%+13%

Executive Summary

  • Earnings: ROA of -0.43%, down 78 bps year over year; NIM at 3.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.81%.
  • Funding: loans stand at 86.94% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

-0.43%-78 bps YoY

Net Interest Margin (quarter, annualized)

3.90%-39 bps YoY

Efficiency Ratio (quarter, annualized)

106.55%+1,857 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.34%0.30%0.21%0.01%-0.43%-78 bps
Return on Equity4.08%3.51%2.50%0.11%-5.12%-920 bps
Net Interest Margin4.28%4.35%4.04%4.02%3.90%-39 bps
Efficiency Ratio87.98%87.23%91.91%96.73%106.55%+1,857 bps
Non-Interest Burden3.77%3.79%3.74%3.94%4.26%+48 bps
Growth
Asset Growth (YoY)-1.64%-0.70%-1.74%-3.15%-0.09%+155 bps
Loan Growth (YoY)2.07%0.09%-1.92%-0.41%-2.55%-462 bps
Deposit Growth (YoY)-1.98%-0.80%-1.75%-3.42%-0.05%+193 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%0.19%0.00%0.06%0.81%+60 bps
Allowance / Loans1.14%1.14%1.17%1.18%1.02%-12 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 Capital13.76%13.97%14.10%14.22%14.10%+34 bps
Equity / Assets8.45%8.46%8.62%8.64%8.30%-15 bps
Liquidity & Funding
Loans / Deposits89.16%90.33%89.95%90.07%86.94%-223 bps
Liquid Assets / Assets10.86%12.29%11.56%11.29%15.14%+428 bps
CRE / Total Capitaln/an/an/an/an/an/an/a