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Wayne County National Bank of Wooster, The

Wooster, OH · Cert 6734

FDIC

Q3 2004

$429.5MAssets
$281.8MLoans
$367.2MDeposits
$38.0MEquity
Loan mix
47%RE $75.8M53%C&I $84.7M0%Consumer $0.2MQ3 2003Q3 2004
Deposit mix
82%Interest-bearing $301.0M18%Noninterest $66.1MQ3 2003Q3 2004

NIM

5.97%Q3 ’025.39%Q3 ’035.01%Q3 ’04+1%-7%

Non-interest income vs. expense

2.68%Q3 ’022.47%Q3 ’033.02%Q3 ’04-6%+28%

Executive Summary

  • Earnings: ROA of 1.07%, down 62 bps year over year; NIM at 3.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 76.75% of deposits as of Q3 2004.

Financial Results

Return on Assets (quarter, annualized)

1.07%-62 bps YoY

Net Interest Margin (quarter, annualized)

3.74%-29 bps YoY

Efficiency Ratio (quarter, annualized)

65.26%+1,417 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets1.69%1.32%1.36%1.40%1.07%-62 bps
Return on Equity19.01%14.75%14.99%15.63%12.24%-677 bps
Net Interest Margin4.04%3.75%3.65%3.70%3.74%-29 bps
Efficiency Ratio51.09%60.75%57.27%57.68%65.26%+1,417 bps
Non-Interest Burden1.67%1.91%1.64%1.72%2.14%+46 bps
Growth
Asset Growth (YoY)-1.30%-2.77%-3.69%-1.80%0.15%+145 bps
Loan Growth (YoY)-1.95%-4.12%-7.70%-7.63%-2.95%-100 bps
Deposit Growth (YoY)0.77%0.44%-1.82%-1.62%0.39%-37 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.08%0.13%-0.02%0.04%+3 bps
Allowance / Loans1.38%1.38%1.43%1.41%1.39%+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 Capital12.90%13.23%13.67%13.32%13.21%+31 bps
Equity / Assets8.95%8.94%9.21%8.70%8.84%-11 bps
Liquidity & Funding
Loans / Deposits79.40%76.72%76.17%76.64%76.75%-264 bps
Liquid Assets / Assets0.01%0.01%0.01%0.01%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a