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Letter portraitLegal landscapeQuarterYTD

Provident Bank, The

Cincinnati, OH · Cert 744

FDIC

Q4 2004

$16.5BAssets
$9.2BLoans
$9.4BDeposits
$2.8BEquity
Loan mix
58%RE $3.4B42%C&I $2.5B0%Consumer $0.0BQ4 2003Q4 2004
Deposit mix
87%Interest-bearing $8.2B13%Noninterest $1.3BQ4 2003Q4 2004

NIM

4.91%Q4 ’024.40%Q4 ’031.98%Q4 ’04-2%-28%

Non-interest income vs. expense

5.07%Q4 ’025.16%Q4 ’032.11%Q4 ’04-25%+129%

Executive Summary

  • Earnings: ROA of 0.30%, down 32 bps year over year; NIM at 1.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.46%.
  • Funding: loans stand at 97.21% of deposits as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

0.30%-32 bps YoY

Net Interest Margin (YTD, annualized)

1.33%-51 bps YoY

Efficiency Ratio (YTD, annualized)

73.92%-272 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets0.62%0.70%-0.25%0.14%0.30%-32 bps
Return on Equity10.81%11.65%-4.23%1.70%2.93%-787 bps
Net Interest Margin1.84%1.84%1.80%0.86%1.33%-51 bps
Efficiency Ratio76.64%77.71%88.09%75.14%73.92%-272 bps
Non-Interest Burden0.32%0.56%1.15%0.48%0.73%+41 bps
Growth
Asset Growth (YoY)-3.09%-5.92%-6.85%1.69%-2.54%+54 bps
Loan Growth (YoY)-0.82%-2.84%0.31%-4.23%-3.96%-314 bps
Deposit Growth (YoY)4.84%-7.24%-9.69%-5.03%-11.46%-1,630 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.65%0.43%1.53%0.41%0.46%-118 bps
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital12.26%12.45%12.28%10.78%11.84%-42 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits89.62%90.03%92.77%87.10%97.21%+759 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a