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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 $0.0BQ1 2003Q4 2004
Deposit mix
87%Interest-bearing $8.2B13%Noninterest $1.3BQ1 2003Q4 2004

Executive Summary

  • Earnings: ROA of 0.74%, up 6 bps year over year; NIM at 2.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.61%.
  • Funding: loans stand at 97.21% of deposits as of Q4 2004.

Return on Assets (quarter, annualized)

0.74%+6 bps YoY

Net Interest Margin (quarter, annualized)

2.65%+93 bps YoY

Efficiency Ratio (quarter, annualized)

72.63%-36 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.87%Q4 ’024.18%Q4 ’034.02%Q4 ’04-11%+54%

Non-interest income vs. expense

5.22%Q4 ’025.62%Q4 ’034.03%Q4 ’04-147%+665%

Discrete quarter, annualized.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets0.78%0.36%0.65%0.68%0.70%-1.21%0.91%0.74%+6 bps
Return on Equity13.77%6.34%11.38%11.73%11.65%-20.63%8.44%4.55%-718 bps
Net Interest Margin1.93%1.90%1.69%1.72%1.84%1.78%-0.88%2.65%+93 bps
Efficiency Ratio79.87%74.36%80.52%72.99%77.71%99.06%78.98%72.63%-36 bps
Non-Interest Burden0.68%0.22%0.59%-0.25%0.56%1.75%-0.78%1.42%+167 bps
Growth
Asset Growth (YoY)9.36%7.75%3.49%-3.09%-5.92%-6.85%1.69%-2.54%+54 bps
Loan Growth (YoY)7.17%2.53%3.45%-0.82%-2.84%0.31%-4.23%-3.96%-314 bps
Deposit Growth (YoY)21.06%16.46%15.94%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.70%2.93%0.54%2.48%0.43%2.63%-1.89%0.61%-187 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital11.59%11.68%11.71%12.26%12.45%12.28%10.78%11.84%-42 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits85.96%83.52%86.37%89.62%90.03%92.77%87.10%97.21%+759 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a