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First National Bank of Slippery Rock, The

Slippery Rock, PA · Cert 7972

FDIC

Q3 2004

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: Q3 2004, the quarter ended September 30, 2004, 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

First National Bank of Slippery Rock, The

Slippery Rock, PA · Cert 7972

FDIC

Q3 2004

$332.2MAssets
$189.9MLoans
$263.0MDeposits
$28.7MEquity
Loan mix
85%RE $97.3M14%C&I $15.7M1%Consumer $1.1MQ3 2003Q3 2004
Deposit mix
80%Interest-bearing $211.1M20%Noninterest $51.8MQ3 2003Q3 2004

NIM

6.07%Q3 ’025.16%Q3 ’034.62%Q3 ’04-8%-10%

Non-interest income vs. expense

2.86%Q3 ’023.04%Q3 ’033.43%Q3 ’04-14%+42%

Executive Summary

  • Earnings: ROA of -0.44%, down 125 bps year over year; NIM at 2.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.89%.
  • Funding: loans stand at 72.22% of deposits as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

-0.44%-125 bps YoY

Net Interest Margin (YTD, annualized)

2.96%-33 bps YoY

Efficiency Ratio (YTD, annualized)

91.31%+2,405 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets0.81%0.74%0.39%-0.55%-0.44%-125 bps
Return on Equity8.67%7.93%4.15%-6.01%-4.89%-1,356 bps
Net Interest Margin3.28%3.33%3.04%2.99%2.96%-33 bps
Efficiency Ratio67.26%68.46%83.99%84.29%91.31%+2,405 bps
Non-Interest Burden1.85%1.93%2.40%2.38%2.63%+78 bps
Growth
Asset Growth (YoY)-0.93%-0.75%-1.10%-3.84%-3.63%-269 bps
Loan Growth (YoY)-3.91%-10.44%-9.94%-9.14%-16.33%-1,242 bps
Deposit Growth (YoY)-3.25%-1.57%-1.16%-3.55%-4.59%-134 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.44%0.73%0.24%0.20%0.89%+45 bps
Allowance / Loans1.52%1.48%1.56%2.76%2.42%+90 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 Capital14.72%15.32%15.69%15.06%15.43%+71 bps
Equity / Assets9.10%9.32%9.39%8.67%8.63%-47 bps
Liquidity & Funding
Loans / Deposits82.36%78.29%75.78%75.59%72.22%-1,014 bps
Liquid Assets / Assets0.16%0.18%0.17%0.10%0.10%-6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a