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Bowen State Bank

Bowen, IL · Cert 10443

FDIC

Q4 2004

$17.4MAssets
$10.6MLoans
$15.1MDeposits
$2.3MEquity
Loan mix
72%RE $3.6M28%C&I $1.4M1%Consumer $0.0MQ4 2003Q4 2004
Deposit mix
83%Interest-bearing $12.5M17%Noninterest $2.6MQ4 2003Q4 2004

NIM

6.38%Q4 ’025.58%Q4 ’035.13%Q4 ’04-6%-6%

Non-interest income vs. expense

3.53%Q4 ’023.20%Q4 ’033.32%Q4 ’04-10%+6%

Executive Summary

  • Earnings: ROA of 0.30%, down 7 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.74%.
  • Funding: loans stand at 70.24% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

0.30%-7 bps YoY

Net Interest Margin (quarter, annualized)

4.09%-25 bps YoY

Efficiency Ratio (quarter, annualized)

75.38%+744 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets0.37%0.74%1.05%0.37%0.30%-7 bps
Return on Equity2.89%6.04%8.40%2.86%2.29%-60 bps
Net Interest Margin4.35%3.75%4.03%3.99%4.09%-25 bps
Efficiency Ratio67.94%78.19%70.20%77.30%75.38%+744 bps
Non-Interest Burden2.84%2.87%2.72%3.02%3.01%+17 bps
Growth
Asset Growth (YoY)7.89%11.57%2.58%1.43%-3.26%-1,115 bps
Loan Growth (YoY)-3.43%-10.77%-13.72%-16.88%-8.56%-513 bps
Deposit Growth (YoY)8.19%12.68%2.37%1.49%-3.66%-1,185 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.88%2.30%1.74%1.74%+174 bps
Allowance / Loans1.47%1.52%0.96%0.85%0.74%-73 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 Capital18.76%20.90%19.35%19.60%20.20%+144 bps
Equity / Assets12.38%12.28%12.66%13.24%12.99%+61 bps
Liquidity & Funding
Loans / Deposits74.00%62.11%66.51%66.58%70.24%-376 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a