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Shorebank, Cleveland

Cleveland, OH · Cert 753

FDIC

Q2 2005

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: Q2 2005, the quarter ended June 30, 2005, 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

Shorebank, Cleveland

Cleveland, OH · Cert 753

FDIC

Q2 2005

$65.4MAssets
$33.0MLoans
$50.9MDeposits
$7.0MEquity
Deposit mix
97%Interest-bearing $49.5M3%Noninterest $1.3MQ2 2004Q2 2005

NIM

6.11%Q2 ’035.15%Q2 ’045.38%Q2 ’05-15%-10%

Non-interest income vs. expense

3.71%Q2 ’033.41%Q2 ’043.55%Q2 ’05-9%-20%

Executive Summary

  • Earnings: ROA of 0.01%, down 9 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.10%.
  • Funding: loans stand at 64.96% of deposits as of Q2 2005.

Financial Results

Return on Assets (YTD, annualized)

0.01%-9 bps YoY

Net Interest Margin (YTD, annualized)

3.28%-35 bps YoY

Efficiency Ratio (YTD, annualized)

85.44%-716 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets0.10%10.27%0.07%10.10%0.01%-9 bps
Return on Equity0.94%2.66%0.73%1.01%0.09%-85 bps
Net Interest Margin3.63%3.60%3.51%3.13%3.28%-35 bps
Efficiency Ratio92.60%85.76%89.13%88.77%85.44%-716 bps
Non-Interest Burden3.36%3.03%3.09%2.70%2.68%-68 bps
Growth
Asset Growth (YoY)6.28%5.46%4.60%1.16%-4.21%-1,049 bps
Loan Growth (YoY)10.13%11.66%3.76%3.94%0.44%-969 bps
Deposit Growth (YoY)1.03%-0.21%-3.86%-5.58%-5.86%-688 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.09%0.91%1.27%0.71%1.10%0 bps
Allowance / Loans1.99%1.94%1.83%1.83%1.83%-16 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 Capital19.60%19.86%20.03%19.18%20.64%+103 bps
Equity / Assets9.20%10.20%10.15%9.66%10.74%+154 bps
Liquidity & Funding
Loans / Deposits60.89%61.28%61.49%61.65%64.96%+408 bps
Liquid Assets / Assets0.12%0.09%0.03%0.05%0.02%-10 bps
CRE / Total Capitaln/an/an/an/an/an/an/a