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Morrill State Bank & Trust Co., The

Sabetha, KS · Cert 10924

FDIC

Q3 2002

$71.6MAssets
$48.0MLoans
$48.1MDeposits
$5.2MEquity
Deposit mix
93%Interest-bearing $44.8M7%Noninterest $3.3MQ3 2001Q3 2002

NIM

7.93%Q1 ’017.34%Q3 ’016.08%Q3 ’02-10%-3%

Non-interest income vs. expense

1.81%Q1 ’011.87%Q3 ’011.97%Q3 ’02+1%+10%

Executive Summary

  • Earnings: ROA of 1.06%, down 3 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 99.81% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

1.06%-3 bps YoY

Net Interest Margin (quarter, annualized)

3.15%-9 bps YoY

Efficiency Ratio (quarter, annualized)

54.79%+455 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.09%1.04%0.98%1.25%1.06%-3 bps
Return on Equity14.59%13.92%13.73%17.16%14.21%-37 bps
Net Interest Margin3.24%3.09%2.92%3.10%3.15%-9 bps
Efficiency Ratio50.25%51.66%50.17%49.00%54.79%+455 bps
Non-Interest Burden1.39%1.36%1.26%1.29%1.53%+14 bps
Growth
Asset Growth (YoY)8.89%11.00%7.80%-0.08%8.46%-43 bps
Loan Growth (YoY)15.19%7.00%-2.41%-4.55%0.84%-1,435 bps
Deposit Growth (YoY)6.23%7.20%6.24%9.96%1.49%-475 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.03%0.00%0.08%0.01%-1 bps
Allowance / Loans1.83%1.95%2.01%1.99%1.95%+12 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 Capital12.02%11.98%12.01%12.09%11.54%-48 bps
Equity / Assets7.68%7.27%6.99%7.63%7.24%-44 bps
Liquidity & Funding
Loans / Deposits100.45%90.17%88.08%93.81%99.81%-64 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