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Letter portraitLegal landscapeQuarterYTD

Penn Central National Bank

Huntingdon, PA · Cert 7533

FDIC

Q1 2008

$1.8BAssets
$1.1BLoans
$1.3BDeposits
$337.9MEquity
Loan mix
77%RE $658.0M21%C&I $181.2M1%Consumer $10.2MQ1 2007Q1 2008
Deposit mix
81%Interest-bearing $1.0B19%Noninterest $0.2BQ1 2007Q1 2008

NIM

4.84%Q1 ’065.24%Q1 ’074.95%Q1 ’08+6%-5%

Non-interest income vs. expense

3.05%Q1 ’062.99%Q1 ’073.40%Q1 ’08-4%+23%

Executive Summary

  • Earnings: ROA of 0.49%, down 78 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.86%.
  • Funding: loans stand at 86.48% of deposits as of Q1 2008.

Financial Results

Return on Assets (YTD, annualized)

0.49%-78 bps YoY

Net Interest Margin (YTD, annualized)

3.36%-17 bps YoY

Efficiency Ratio (YTD, annualized)

71.41%+1,059 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets1.27%1.25%1.30%1.26%0.49%-78 bps
Return on Equity6.74%6.63%6.87%6.64%2.53%-421 bps
Net Interest Margin3.54%3.54%3.55%3.59%3.36%-17 bps
Efficiency Ratio60.82%61.15%60.88%62.01%71.41%+1,059 bps
Non-Interest Burden1.68%1.69%1.67%1.74%2.06%+38 bps
Growth
Asset Growth (YoY)-6.18%-5.44%-5.08%-1.47%-1.29%+490 bps
Loan Growth (YoY)-4.14%-4.11%-4.50%-4.27%-3.38%+76 bps
Deposit Growth (YoY)-7.91%-7.04%-6.75%-3.19%-2.38%+552 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%0.99%0.70%0.58%0.86%+76 bps
Allowance / Loans1.54%1.12%1.14%1.17%1.25%-28 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 Capital17.46%17.48%17.85%18.13%17.71%+25 bps
Equity / Assets18.90%18.85%19.27%19.29%19.25%+35 bps
Liquidity & Funding
Loans / Deposits87.37%86.35%86.71%85.52%86.48%-89 bps
Liquid Assets / Assets0.10%0.11%0.14%0.13%0.16%+6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a