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Letter portraitLegal landscapeQuarterYTD

First National Bank of Canton, The

Canton, PA · Cert 7422

FDIC

Q1 2009

$79.6MAssets
$60.4MLoans
$71.8MDeposits
$7.4MEquity
Loan mix
74%RE $39.4M26%C&I $14.0M0%Consumer $0.1MQ1 2008Q1 2009
Deposit mix
92%Interest-bearing $65.7M8%Noninterest $6.1MQ1 2008Q1 2009

NIM

6.34%Q1 ’076.02%Q1 ’085.31%Q1 ’09-9%+1%

Non-interest income vs. expense

2.74%Q1 ’072.94%Q1 ’084.25%Q1 ’09+9%+50%

Executive Summary

  • Earnings: ROA of -0.99%, down 121 bps year over year; NIM at 2.95%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 84.19% of deposits as of Q1 2009.

Financial Results

Return on Assets (quarter, annualized)

-0.99%-121 bps YoY

Net Interest Margin (quarter, annualized)

2.95%+2 bps YoY

Efficiency Ratio (quarter, annualized)

125.11%+3,706 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.22%-0.17%-1.00%0.72%-0.99%-121 bps
Return on Equity2.40%-1.81%-10.90%7.85%-10.58%-1,297 bps
Net Interest Margin2.93%2.43%3.04%2.79%2.95%+2 bps
Efficiency Ratio88.05%101.96%86.90%90.98%125.11%+3,706 bps
Non-Interest Burden2.53%2.49%2.58%2.48%3.80%+127 bps
Growth
Asset Growth (YoY)1.12%-6.09%1.18%-3.81%-6.87%-799 bps
Loan Growth (YoY)-1.65%-1.46%-0.52%-0.24%-2.20%-55 bps
Deposit Growth (YoY)4.65%2.93%12.20%13.65%9.33%+468 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.43%0.55%0.13%0.11%0.06%-37 bps
Allowance / Loans1.29%1.19%1.63%1.62%1.70%+41 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 Capital14.33%14.13%13.82%14.02%14.00%-33 bps
Equity / Assets9.12%9.40%8.91%9.45%9.28%+16 bps
Liquidity & Funding
Loans / Deposits94.11%93.25%89.81%86.01%84.19%-992 bps
Liquid Assets / Assets12.34%6.18%9.52%9.38%11.04%-130 bps
CRE / Total Capitaln/an/an/an/an/an/an/a