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Traders Bank

Spencer, WV · Cert 848

FDIC

Q1 2011

$158.6MAssets
$96.9MLoans
$133.4MDeposits
$24.8MEquity
Loan mix
76%RE $63.6M15%C&I $12.4M9%Consumer $7.4MQ1 2010Q1 2011
Deposit mix
78%Interest-bearing $104.7M22%Noninterest $28.8MQ1 2010Q1 2011

NIM

4.59%Q1 ’094.79%Q1 ’104.51%Q1 ’11+18%+0%

Non-interest income vs. expense

2.97%Q1 ’092.92%Q1 ’103.00%Q1 ’11-9%+26%

Executive Summary

  • Earnings: ROA of 0.36%, down 38 bps year over year; NIM at 3.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 72.64% of deposits as of Q1 2011.

Financial Results

Return on Assets (quarter, annualized)

0.36%-38 bps YoY

Net Interest Margin (quarter, annualized)

3.77%+1 bps YoY

Efficiency Ratio (quarter, annualized)

77.73%+1,238 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets0.75%1.81%0.59%0.95%0.36%-38 bps
Return on Equity4.84%11.44%3.65%5.94%2.33%-251 bps
Net Interest Margin3.76%3.73%3.76%3.83%3.77%+1 bps
Efficiency Ratio65.35%69.20%64.40%57.55%77.73%+1,238 bps
Non-Interest Burden2.45%2.53%2.36%2.10%3.08%+63 bps
Growth
Asset Growth (YoY)-6.77%-6.81%-5.09%-0.11%-0.40%+637 bps
Loan Growth (YoY)-7.09%0.12%-1.82%1.44%3.35%+1,044 bps
Deposit Growth (YoY)-3.22%-3.63%-2.06%-0.21%-0.63%+259 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%0.43%0.44%0.37%-0.01%+2 bps
Allowance / Loans2.25%2.17%2.23%2.28%2.38%+14 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 Capital17.75%17.36%18.39%18.36%18.67%+92 bps
Equity / Assets15.49%16.13%16.24%15.58%15.64%+15 bps
Liquidity & Funding
Loans / Deposits69.84%76.12%76.79%73.92%72.64%+280 bps
Liquid Assets / Assets0.11%0.17%1.53%1.65%1.59%+147 bps
CRE / Total Capitaln/an/an/an/an/an/an/a