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Savings Bank and Trust Company, The

Orrville, OH · Cert 768

FDIC

Q2 2003

$228.6MAssets
$111.4MLoans
$165.8MDeposits
$44.2MEquity
Loan mix
48%RE $30.5M50%C&I $31.9M2%Consumer $1.1MQ2 2002Q2 2003
Deposit mix
91%Interest-bearing $150.7M9%Noninterest $15.1MQ2 2002Q2 2003

NIM

7.32%Q2 ’016.49%Q2 ’025.70%Q2 ’03+20%-4%

Non-interest income vs. expense

2.96%Q2 ’013.05%Q2 ’023.86%Q2 ’03+5%+26%

Executive Summary

  • Earnings: ROA of 0.68%, down 85 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.37%.
  • Funding: loans stand at 67.19% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

0.68%-85 bps YoY

Net Interest Margin (YTD, annualized)

4.09%-17 bps YoY

Efficiency Ratio (YTD, annualized)

71.85%+1,345 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets1.53%1.55%1.46%1.18%0.68%-85 bps
Return on Equity18.73%18.59%17.26%13.06%5.35%-1,338 bps
Net Interest Margin4.26%4.15%4.10%4.10%4.09%-17 bps
Efficiency Ratio58.40%57.70%59.31%62.51%71.85%+1,345 bps
Non-Interest Burden2.09%1.98%2.05%2.16%2.65%+55 bps
Growth
Asset Growth (YoY)11.20%11.78%6.58%7.26%14.58%+338 bps
Loan Growth (YoY)8.90%9.38%4.32%2.04%-4.10%-1,300 bps
Deposit Growth (YoY)11.62%10.70%7.06%7.41%-0.18%-1,180 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.34%0.29%0.28%0.23%0.37%+3 bps
Allowance / Loans1.26%1.25%1.30%1.54%1.88%+62 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 Capital11.53%11.57%11.70%12.61%12.49%+96 bps
Equity / Assets8.35%8.78%8.82%9.21%19.33%+1,098 bps
Liquidity & Funding
Loans / Deposits69.94%70.26%70.14%70.31%67.19%-274 bps
Liquid Assets / Assets0.02%0.02%0.02%0.02%0.01%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a