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Mansfield State Bank

Mansfield, SD · Cert 11136

FDIC

Q3 2012

$12.7MAssets
$1.4MLoans
$10.8MDeposits
$2.0MEquity
Loan mix
55%RE $206K34%C&I $128K11%Consumer $42KQ3 2011Q3 2012
Deposit mix
72%Interest-bearing $7.7M28%Noninterest $3.0MQ3 2011Q3 2012

NIM

2.93%Q3 ’102.26%Q3 ’111.91%Q3 ’12-21%-12%

Non-interest income vs. expense

1.87%Q3 ’101.65%Q3 ’111.98%Q3 ’12-10%+21%

Executive Summary

  • Earnings: ROA of 0.30%, down 5 bps year over year; NIM at 1.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 13.20% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

0.30%-5 bps YoY

Net Interest Margin (YTD, annualized)

1.77%-24 bps YoY

Efficiency Ratio (YTD, annualized)

108.99%+2,879 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.36%-0.43%-0.30%-0.30%0.30%-5 bps
Return on Equity2.31%-2.79%-2.16%-2.16%2.12%-18 bps
Net Interest Margin2.01%1.97%1.57%1.64%1.77%-24 bps
Efficiency Ratio80.20%117.62%118.18%117.86%108.99%+2,879 bps
Non-Interest Burden1.60%2.33%1.86%1.94%1.93%+33 bps
Growth
Asset Growth (YoY)15.51%24.06%9.73%-4.45%1.69%-1,382 bps
Loan Growth (YoY)6.63%-1.45%-21.74%-13.48%-32.06%-3,869 bps
Deposit Growth (YoY)18.98%29.93%11.68%-4.65%2.32%-1,666 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans2.97%2.53%4.67%3.76%2.18%-78 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 Capital45.48%40.31%28.21%46.07%49.74%+427 bps
Equity / Assets15.65%14.39%13.22%14.29%15.45%-20 bps
Liquidity & Funding
Loans / Deposits19.87%22.31%10.93%14.88%13.20%-668 bps
Liquid Assets / Assets49.35%47.41%63.36%60.09%46.32%-302 bps
CRE / Total Capitaln/an/an/an/an/an/an/a