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Halifax National Bank

Halifax, PA · Cert 7513

FDIC

Q4 2008

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2008, the quarter ended December 31, 2008, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Halifax National Bank

Halifax, PA · Cert 7513

FDIC

Q4 2008

$90.2MAssets
$68.2MLoans
$73.6MDeposits
$9.9MEquity
Deposit mix
90%Interest-bearing $65.9M10%Noninterest $7.7MQ4 2007Q4 2008

NIM

5.58%Q4 ’065.90%Q4 ’075.55%Q4 ’08+1%+7%

Non-interest income vs. expense

2.38%Q4 ’062.47%Q4 ’073.67%Q4 ’080%+34%

Executive Summary

  • Earnings: ROA of -0.17%, down 79 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.20%.
  • Funding: loans stand at 92.71% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-0.17%-79 bps YoY

Net Interest Margin (YTD, annualized)

3.10%+20 bps YoY

Efficiency Ratio (YTD, annualized)

93.71%+1,760 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets0.61%2.17%1.44%1.26%-0.17%-79 bps
Return on Equity4.77%17.06%11.50%10.19%-1.44%-622 bps
Net Interest Margin2.90%3.10%3.04%3.07%3.10%+20 bps
Efficiency Ratio76.11%44.18%54.76%58.41%93.71%+1,760 bps
Non-Interest Burden2.13%-0.09%1.02%1.36%2.86%+73 bps
Growth
Asset Growth (YoY)1.49%7.83%12.91%15.38%12.71%+1,122 bps
Loan Growth (YoY)4.06%15.58%19.03%20.84%19.21%+1,515 bps
Deposit Growth (YoY)8.86%6.78%1.67%8.46%8.11%-76 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%-0.06%-0.06%-0.04%0.20%+12 bps
Allowance / Loans0.93%0.89%0.92%0.93%1.42%+50 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 Capital17.61%16.71%16.59%16.41%17.43%-18 bps
Equity / Assets12.80%12.63%12.22%12.00%10.98%-182 bps
Liquidity & Funding
Loans / Deposits84.08%92.23%95.42%91.76%92.71%+863 bps
Liquid Assets / Assets0.07%0.35%0.56%0.85%1.11%+104 bps
CRE / Total Capitaln/an/an/an/an/an/an/a