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Peoples Bank of Elkton, The

Elkton, MD · Cert 9700

FDIC

Q2 2009

$148.3MAssets
$80.2MLoans
$130.8MDeposits
$9.6MEquity
Loan mix
90%RE $61.7M8%C&I $5.7M1%Consumer $0.8MQ2 2008Q2 2009
Deposit mix
84%Interest-bearing $109.5M16%Noninterest $21.3MQ2 2008Q2 2009

NIM

6.09%Q2 ’075.70%Q2 ’084.77%Q2 ’09+7%-17%

Non-interest income vs. expense

2.81%Q2 ’072.94%Q2 ’082.36%Q2 ’09-13%-8%

Executive Summary

  • Earnings: ROA of 1.34%, down 17 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 61.31% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

1.34%-17 bps YoY

Net Interest Margin (quarter, annualized)

3.19%-65 bps YoY

Efficiency Ratio (quarter, annualized)

54.94%+66 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets1.50%2.34%1.65%1.61%1.34%-17 bps
Return on Equity23.69%37.20%26.32%25.98%21.08%-262 bps
Net Interest Margin3.84%3.81%3.78%3.23%3.19%-65 bps
Efficiency Ratio54.28%44.29%46.07%49.27%54.94%+66 bps
Non-Interest Burden1.36%0.92%1.15%1.01%1.25%-11 bps
Growth
Asset Growth (YoY)4.42%9.05%12.94%20.55%21.05%+1,664 bps
Loan Growth (YoY)6.78%6.64%7.07%7.64%6.21%-57 bps
Deposit Growth (YoY)3.94%12.51%30.58%35.96%22.10%+1,815 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%0.06%0.08%0.05%0.13%+3 bps
Allowance / Loans1.83%1.77%1.71%1.70%1.66%-17 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 Capital11.43%11.21%11.03%11.29%11.63%+19 bps
Equity / Assets6.25%6.35%6.18%6.25%6.45%+19 bps
Liquidity & Funding
Loans / Deposits70.48%68.88%64.93%61.35%61.31%-917 bps
Liquid Assets / Assets0.00%0.00%0.05%0.00%0.02%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a