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Peoples Security Bank

Louisa, KY · Cert 9679

FDIC · 2 branches

Q3 2014

$47.3MAssets
$18.9MLoans
$39.9MDeposits
$7.0MEquity
Loan mix
84%RE $11.9M4%C&I $0.5M12%Consumer $1.7MQ3 2013Q3 2014
Deposit mix
70%Interest-bearing $27.8M30%Noninterest $12.1MQ3 2013Q3 2014

NIM

3.99%Q3 ’124.01%Q3 ’133.75%Q3 ’14+3%-6%

Non-interest income vs. expense

4.01%Q3 ’124.15%Q3 ’134.00%Q3 ’14+0%-8%

Executive Summary

  • Earnings: ROA of 0.48%, down 5 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 47.28% of deposits as of Q3 2014.

Financial Results

Return on Assets (quarter, annualized)

0.48%-5 bps YoY

Net Interest Margin (quarter, annualized)

3.55%-23 bps YoY

Efficiency Ratio (quarter, annualized)

89.10%-103 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets0.53%0.26%0.33%-0.14%0.48%-5 bps
Return on Equity3.84%1.88%2.33%-1.00%3.35%-49 bps
Net Interest Margin3.78%3.60%3.59%3.52%3.55%-23 bps
Efficiency Ratio90.13%94.88%92.51%103.11%89.10%-103 bps
Non-Interest Burden3.33%3.37%3.26%3.66%3.06%-27 bps
Growth
Asset Growth (YoY)-5.39%-4.87%-4.14%0.01%-0.25%+514 bps
Loan Growth (YoY)-7.01%-6.28%-6.58%-0.61%1.63%+863 bps
Deposit Growth (YoY)-4.38%-3.86%-3.72%-0.30%-1.15%+324 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.75%0.07%0.04%-0.02%0.04%-370 bps
Allowance / Loans1.48%1.48%1.48%1.43%1.42%-6 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 Capital30.46%30.69%31.04%30.56%31.09%+63 bps
Equity / Assets13.96%14.00%13.96%14.22%14.75%+79 bps
Liquidity & Funding
Loans / Deposits45.99%45.86%44.01%45.91%47.28%+129 bps
Liquid Assets / Assets7.19%8.03%9.38%8.30%9.89%+270 bps
CRE / Total Capitaln/an/an/an/an/an/an/a