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Grange National Bank

Laceyville, PA · Cert 7548

FDIC

Q3 2003

$278.4MAssets
$164.4MLoans
$214.3MDeposits
$26.9MEquity
Loan mix
80%RE $93.2M20%C&I $23.5M0%Consumer $0.2MQ3 2002Q3 2003
Deposit mix
84%Interest-bearing $179.8M16%Noninterest $34.5MQ3 2002Q3 2003

NIM

6.92%Q3 ’016.32%Q3 ’025.61%Q3 ’03+6%-5%

Non-interest income vs. expense

2.24%Q3 ’012.21%Q3 ’022.47%Q3 ’03-9%+11%

Executive Summary

  • Earnings: ROA of 1.39%, down 23 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 76.70% of deposits as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

1.39%-23 bps YoY

Net Interest Margin (quarter, annualized)

3.58%-20 bps YoY

Efficiency Ratio (quarter, annualized)

57.31%+727 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.61%1.50%1.51%1.54%1.39%-23 bps
Return on Equity17.51%16.18%16.53%16.60%14.61%-290 bps
Net Interest Margin3.77%3.65%3.60%3.58%3.58%-20 bps
Efficiency Ratio50.04%56.48%49.65%52.42%57.31%+727 bps
Non-Interest Burden1.58%1.72%1.48%1.55%1.75%+17 bps
Growth
Asset Growth (YoY)16.33%23.62%18.59%17.97%8.76%-756 bps
Loan Growth (YoY)22.57%23.30%20.66%16.34%12.82%-975 bps
Deposit Growth (YoY)13.21%21.86%18.95%16.97%10.19%-301 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.10%0.02%0.03%0.14%+10 bps
Allowance / Loans0.94%0.95%0.97%0.98%0.97%+3 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 Capital16.21%16.32%16.32%16.52%16.93%+72 bps
Equity / Assets9.38%9.11%9.19%9.34%9.66%+27 bps
Liquidity & Funding
Loans / Deposits74.92%72.54%72.26%73.30%76.70%+178 bps
Liquid Assets / Assets6.52%6.33%6.47%8.05%7.68%+116 bps
CRE / Total Capitaln/an/an/an/an/an/an/a