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Letter portraitLegal landscapeQuarterYTD

First National Bank of Greencastle, The

Greencastle, PA · Cert 7511

FDIC

Q4 2008

$540.0MAssets
$423.3MLoans
$421.4MDeposits
$62.8MEquity
Loan mix
93%RE $355.5M7%C&I $25.3M1%Consumer $2.8MQ4 2007Q4 2008
Deposit mix
90%Interest-bearing $377.3M10%Noninterest $44.1MQ4 2007Q4 2008

NIM

6.13%Q4 ’066.24%Q4 ’075.42%Q4 ’08+3%-1%

Non-interest income vs. expense

3.15%Q4 ’063.00%Q4 ’073.33%Q4 ’08-5%+19%

Executive Summary

  • Earnings: ROA of 0.81%, down 43 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.21%.
  • Funding: loans stand at 100.46% of deposits as of Q4 2008.

Financial Results

Return on Assets (quarter, annualized)

0.81%-43 bps YoY

Net Interest Margin (quarter, annualized)

3.80%-3 bps YoY

Efficiency Ratio (quarter, annualized)

70.79%+863 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets1.25%0.95%1.08%0.85%0.81%-43 bps
Return on Equity10.77%8.16%9.20%7.19%6.93%-384 bps
Net Interest Margin3.83%3.90%3.90%3.96%3.80%-3 bps
Efficiency Ratio62.17%65.86%64.81%65.61%70.79%+863 bps
Non-Interest Burden2.11%2.34%2.31%2.38%2.52%+40 bps
Growth
Asset Growth (YoY)6.11%1.43%0.64%-0.81%1.22%-489 bps
Loan Growth (YoY)2.04%-0.16%3.12%3.34%5.25%+321 bps
Deposit Growth (YoY)7.33%-1.75%-2.86%-6.43%-4.23%-1,156 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.28%0.05%0.30%0.06%0.21%-7 bps
Allowance / Loans0.96%1.07%1.01%1.10%1.09%+13 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 Capital13.04%13.08%13.23%13.36%12.87%-17 bps
Equity / Assets11.74%11.64%11.76%11.88%11.63%-12 bps
Liquidity & Funding
Loans / Deposits91.41%90.27%93.90%98.56%100.46%+905 bps
Liquid Assets / Assets0.00%0.19%0.15%0.15%0.15%+15 bps
CRE / Total Capitaln/an/an/an/an/an/an/a