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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

5.99%Q3 ’025.04%Q3 ’034.47%Q3 ’04-7%-14%

Non-interest income vs. expense

3.03%Q3 ’023.05%Q3 ’033.65%Q3 ’04+0%+34%

Executive Summary

  • Earnings: ROA of -0.22%, down 34 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.25%.
  • Funding: loans stand at 72.22% of deposits as of Q3 2004.

Financial Results

Return on Assets (quarter, annualized)

-0.22%-34 bps YoY

Net Interest Margin (quarter, annualized)

2.83%-44 bps YoY

Efficiency Ratio (quarter, annualized)

107.61%+3,233 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets0.12%0.52%0.39%-1.49%-0.22%-34 bps
Return on Equity1.26%5.69%4.15%-16.51%-2.60%-385 bps
Net Interest Margin3.27%3.19%3.04%2.94%2.83%-44 bps
Efficiency Ratio75.28%72.36%83.99%84.60%107.61%+3,233 bps
Non-Interest Burden2.30%2.02%2.40%2.36%3.09%+79 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 / Loans0.57%1.47%0.24%0.16%2.25%+168 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