PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

State Bank of Trenton

Trenton, NE · Cert 11026

FDIC

Q4 2003

$19.6MAssets
$12.7MLoans
$16.9MDeposits
$2.0MEquity
Deposit mix
91%Interest-bearing $15.3M9%Noninterest $1.5MQ4 2002Q4 2003

NIM

7.79%Q4 ’016.40%Q4 ’025.70%Q4 ’03-1%-2%

Non-interest income vs. expense

3.05%Q4 ’013.56%Q4 ’023.09%Q4 ’03+15%-11%

Executive Summary

  • Earnings: ROA of 0.14%, down 51 bps year over year; NIM at 3.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.14%.
  • Funding: loans stand at 75.09% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

0.14%-51 bps YoY

Net Interest Margin (YTD, annualized)

3.86%-6 bps YoY

Efficiency Ratio (YTD, annualized)

73.46%-720 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.65%0.56%-0.54%0.02%0.14%-51 bps
Return on Equity6.34%5.42%-5.27%0.20%1.37%-497 bps
Net Interest Margin3.91%4.11%3.69%3.79%3.86%-6 bps
Efficiency Ratio80.66%82.43%79.25%72.64%73.46%-720 bps
Non-Interest Burden3.06%3.31%2.84%2.65%2.74%-32 bps
Growth
Asset Growth (YoY)5.59%0.71%2.12%0.10%-0.89%-649 bps
Loan Growth (YoY)7.67%3.61%-2.66%-2.10%-6.55%-1,422 bps
Deposit Growth (YoY)4.21%-0.48%1.96%-0.16%-0.79%-500 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.37%0.00%0.77%0.51%1.14%+77 bps
Allowance / Loans1.36%1.62%1.80%1.79%1.14%-22 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 Capital14.80%14.36%14.13%13.46%14.45%-35 bps
Equity / Assets10.04%10.50%10.09%10.27%10.04%-1 bps
Liquidity & Funding
Loans / Deposits79.72%84.60%79.99%79.63%75.09%-463 bps
Liquid Assets / Assets2.77%0.41%5.46%7.39%6.27%+350 bps
CRE / Total Capitaln/an/an/an/an/an/an/a