First National Bank of Fredericksburg, The

Fredericksburg, PA · Cert 7502

FDIC · 7 branches

Q3 2015

$227.2MAssets

$149.1MLoans

$209.0MDeposits

$15.8MEquity

Loan mix

Deposit mix

NIM

Market Position · Lebanon, PA · 2015 SOD (annual) · 6.9% share · #5 of 12 inst. · $0.1B of $2.0B

6.9% Lebanon

0.3% Berks

1.8% Schuylkill

Earnings: ROA of -0.27%, down 37 bps year over year; NIM at 2.98%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.43%.

Return on Assets (quarter, annualized)

-0.27%-37 bps YoY

Net Interest Margin (quarter, annualized)

2.98%-17 bps YoY

Efficiency Ratio (quarter, annualized)

104.54%+1,429 bps YoY

Tier 1 Leverage Ratio

7.24%

Discrete quarter, annualized.

Metric	Q3 2014	Q4 2014	Q1 2015	Q2 2015	Q3 2015	YoY Δ	Trend
Earnings
Return on Assets	0.10%	0.02%	0.17%	0.17%	-0.27%	-37 bps
Return on Equity	1.48%	0.24%	2.58%	2.56%	-3.98%	-545 bps
Net Interest Margin	3.15%	3.04%	2.97%	2.98%	2.98%	-17 bps
Efficiency Ratio	90.25%	98.08%	91.03%	91.05%	104.54%	+1,429 bps
Non-Interest Burden	2.79%	2.97%	2.66%	2.68%	3.14%	+34 bps
Growth
Asset Growth (YoY)	4.58%	7.74%	4.93%	2.87%	0.98%	-361 bps
Loan Growth (YoY)	5.42%	-0.85%	-0.74%	1.89%	3.06%	-236 bps
Deposit Growth (YoY)	4.61%	7.90%	4.89%	2.89%	0.90%	-371 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.26%	0.19%	0.06%	0.09%	0.43%	+17 bps
Allowance / Loans	0.83%	0.81%	0.82%	0.83%	0.84%	+1 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	7.35%	7.30%	7.24%	n/a
Total Risk-Based Capital	11.60%	11.67%	11.56%	11.39%	11.17%	-43 bps
Equity / Assets	6.63%	6.70%	6.65%	6.78%	6.96%	+33 bps
Liquidity & Funding
Loans / Deposits	69.82%	66.67%	65.05%	68.39%	71.31%	+149 bps
Liquid Assets / Assets	11.59%	14.78%	17.16%	13.32%	10.96%	-64 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a