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Southwest Bank

Greensburg, PA · Cert 7979

FDIC

Q3 2002

$1.0BAssets
$451.9MLoans
$616.2MDeposits
$98.0MEquity
Loan mix
60%RE $134.8M31%C&I $68.1M9%Consumer $20.2MQ3 2001Q3 2002
Deposit mix
80%Interest-bearing $492.4M20%Noninterest $123.7MQ3 2001Q3 2002

NIM

7.08%Q1 ’016.42%Q3 ’015.77%Q3 ’02-8%+12%

Non-interest income vs. expense

2.26%Q1 ’012.24%Q3 ’012.13%Q3 ’02+7%-6%

Executive Summary

  • Earnings: ROA of 1.29%, up 30 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.66%.
  • Funding: loans stand at 73.35% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

1.29%+30 bps YoY

Net Interest Margin (quarter, annualized)

3.50%+39 bps YoY

Efficiency Ratio (quarter, annualized)

52.16%-838 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.99%1.29%1.33%0.92%1.29%+30 bps
Return on Equity11.35%14.63%15.17%10.14%13.72%+237 bps
Net Interest Margin3.11%3.44%3.56%3.54%3.50%+39 bps
Efficiency Ratio60.54%52.73%51.63%70.15%52.16%-838 bps
Non-Interest Burden1.65%1.48%1.59%2.32%1.56%-9 bps
Growth
Asset Growth (YoY)6.17%1.09%-1.42%1.09%-2.81%-898 bps
Loan Growth (YoY)2.86%4.20%5.75%2.31%1.39%-147 bps
Deposit Growth (YoY)5.46%-2.10%-6.37%-5.23%-6.66%-1,212 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.56%0.47%0.69%0.31%0.66%+10 bps
Allowance / Loans1.68%1.67%1.60%1.63%1.50%-18 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 Capital16.90%17.12%18.14%18.31%16.51%-39 bps
Equity / Assets8.94%8.74%8.80%9.26%9.57%+63 bps
Liquidity & Funding
Loans / Deposits67.53%70.51%71.20%69.80%73.35%+582 bps
Liquid Assets / Assets8.44%8.90%8.38%7.56%6.85%-160 bps
CRE / Total Capitaln/an/an/an/an/an/an/a