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Bank of Leipsic Company, The

Leipsic, OH · Cert 11088

FDIC

Q4 2002

$67.7MAssets
$38.4MLoans
$56.2MDeposits
$6.5MEquity
Loan mix
54%RE $13.7M44%C&I $11.1M2%Consumer $0.4MQ4 2001Q4 2002
Deposit mix
91%Interest-bearing $51.3M9%Noninterest $4.9MQ4 2001Q4 2002

NIM

7.24%Q1 ’016.12%Q4 ’015.92%Q4 ’02-22%+44%

Non-interest income vs. expense

2.46%Q1 ’012.48%Q4 ’013.52%Q4 ’02-1%+44%

Executive Summary

  • Earnings: ROA of 0.19%, down 15 bps year over year; NIM at 3.42%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 68.25% of deposits as of Q4 2002.

Financial Results

Return on Assets (quarter, annualized)

0.19%1-15 bps YoY

Net Interest Margin (quarter, annualized)

3.42%+104 bps YoY

Efficiency Ratio (quarter, annualized)

91.01%-285 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets0.33%0.39%0.49%0.73%0.19%1-15 bps
Return on Equity3.89%4.59%5.59%7.79%1.96%-194 bps
Net Interest Margin2.38%2.76%2.84%3.15%3.42%+104 bps
Efficiency Ratio93.86%89.05%83.70%90.52%91.01%-285 bps
Non-Interest Burden2.22%2.55%2.43%2.94%3.20%+98 bps
Growth
Asset Growth (YoY)1.27%1.41%0.34%-1.59%-2.22%-349 bps
Loan Growth (YoY)-18.92%-18.57%-12.14%6.95%33.62%+5,254 bps
Deposit Growth (YoY)2.92%3.33%1.93%-0.04%-2.99%-591 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.77%0.72%-0.03%0.13%0.02%-75 bps
Allowance / Loans1.78%1.66%1.65%1.36%1.43%-35 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 Capital15.94%16.17%16.75%15.79%13.89%-205 bps
Equity / Assets8.38%8.45%9.05%9.63%9.61%+122 bps
Liquidity & Funding
Loans / Deposits49.55%48.89%49.52%57.90%68.25%+1,870 bps
Liquid Assets / Assets0.19%0.07%0.07%0.01%0.03%-17 bps
CRE / Total Capitaln/an/an/an/an/an/an/a