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Williamsport National Bank

Williamsport, PA · Cert 7813

FDIC

Q4 2004

$312.2MAssets
$258.5MLoans
$217.6MDeposits
$30.3MEquity
Loan mix
85%RE $113.2M15%C&I $19.5M0%Consumer $0.5MQ4 2003Q4 2004
Deposit mix
81%Interest-bearing $175.9M19%Noninterest $41.7MQ4 2003Q4 2004

NIM

6.55%Q4 ’025.85%Q4 ’035.77%Q4 ’04-5%+3%

Non-interest income vs. expense

2.74%Q4 ’022.48%Q4 ’032.64%Q4 ’04-12%+13%

Executive Summary

  • Earnings: ROA of 1.81%, down 4 bps year over year; NIM at 4.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 118.81% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

1.81%-4 bps YoY

Net Interest Margin (quarter, annualized)

4.44%+14 bps YoY

Efficiency Ratio (quarter, annualized)

50.34%+227 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets1.85%1.69%1.87%1.85%1.81%-4 bps
Return on Equity17.18%16.14%18.67%19.27%18.87%+169 bps
Net Interest Margin4.29%4.30%4.32%4.47%4.44%+14 bps
Efficiency Ratio48.06%51.31%49.21%49.69%50.34%+227 bps
Non-Interest Burden1.62%1.83%1.66%1.83%1.83%+21 bps
Growth
Asset Growth (YoY)2.45%2.25%-0.59%2.97%0.47%-198 bps
Loan Growth (YoY)6.21%7.51%9.65%7.14%4.98%-123 bps
Deposit Growth (YoY)-0.06%-1.88%-0.80%-2.30%-1.48%-141 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%0.06%0.09%0.11%-0.03%-14 bps
Allowance / Loans1.06%1.10%1.11%1.10%1.19%+13 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 Capital15.11%14.29%13.53%13.07%13.53%-158 bps
Equity / Assets10.61%10.27%9.71%9.51%9.71%-90 bps
Liquidity & Funding
Loans / Deposits111.51%114.84%115.40%122.23%118.81%+730 bps
Liquid Assets / Assets0.01%0.01%0.01%0.01%0.02%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a