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Freedom Security Bank

Coralville, IA · Cert 10491

FDIC

Q2 2013

$72.8MAssets
$39.0MLoans
$63.2MDeposits
$9.1MEquity
Loan mix
88%RE $27.1M8%C&I $2.6M4%Consumer $1.3MQ3 2011Q2 2013
Deposit mix
84%Interest-bearing $53.1M16%Noninterest $10.1MQ3 2011Q2 2013

Executive Summary

  • Earnings: ROA of 0.24%, down 13 bps year over year; NIM at 2.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 61.67% of deposits as of Q2 2013.

Return on Assets (quarter, annualized)

0.24%-13 bps YoY

Net Interest Margin (quarter, annualized)

2.91%-16 bps YoY

Efficiency Ratio (quarter, annualized)

96.09%+724 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.53%Q2 ’113.95%Q2 ’123.42%Q2 ’13-8%-5%

Non-interest income vs. expense

3.21%Q2 ’113.16%Q2 ’123.56%Q2 ’13-37%+4%

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.18%0.84%0.37%0.37%0.42%1-3.31%0.06%0.24%-13 bps
Return on Equity1.54%7.15%3.13%3.03%3.38%-26.96%0.51%1.90%-113 bps
Net Interest Margin3.17%3.24%3.18%3.07%3.06%3.02%2.90%2.91%-16 bps
Efficiency Ratio100.14%75.17%89.06%88.86%119.74%250%101.63%96.09%+724 bps
Non-Interest Burden3.17%2.14%2.76%2.67%3.77%8.46%2.96%2.77%+9 bps
Growth
Asset Growth (YoY)-3.10%-3.71%-3.69%-2.52%-3.10%-4.71%-5.81%-7.96%-544 bps
Loan Growth (YoY)-11.09%-11.12%-8.18%-2.40%-4.21%-3.54%-12.71%-12.37%-997 bps
Deposit Growth (YoY)-1.96%-3.41%-5.02%-3.24%1.13%0.96%0.75%-2.02%+122 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.73%2.54%0.10%0.50%0.70%-0.02%-0.02%-12 bps
Allowance / Loans2.48%2.33%1.67%1.71%1.68%1.55%1.71%1.79%+8 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital19.75%18.81%18.54%18.71%19.81%17.38%18.30%18.62%-10 bps
Equity / Assets11.98%11.52%12.09%12.28%12.70%11.89%12.61%12.53%+26 bps
Liquidity & Funding
Loans / Deposits69.63%64.46%70.89%68.95%65.96%61.58%61.42%61.67%-729 bps
Liquid Assets / Assets1.36%0.40%0.45%0.42%0.39%1.20%0.48%0.61%+19 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a