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Bank Iowa

Oskaloosa, IA · Cert 11354

FDIC

Q4 2010

$147.8MAssets
$92.4MLoans
$122.1MDeposits
$12.7MEquity
Loan mix
86%RE $58.9M14%C&I $9.5M0%Consumer $0.1MQ4 2009Q4 2010
Deposit mix
88%Interest-bearing $107.2M12%Noninterest $15.0MQ4 2009Q4 2010

NIM

5.56%Q4 ’085.01%Q4 ’094.71%Q4 ’10-2%+8%

Non-interest income vs. expense

2.27%Q4 ’082.23%Q4 ’092.29%Q4 ’10-6%+3%

Executive Summary

  • Earnings: ROA of 1.30%, down 6 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.74%.
  • Funding: loans stand at 75.65% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

1.30%-6 bps YoY

Net Interest Margin (quarter, annualized)

3.38%+24 bps YoY

Efficiency Ratio (quarter, annualized)

56.08%-215 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets1.36%0.88%0.23%-0.02%1.30%-6 bps
Return on Equity16.70%10.61%2.77%-0.25%14.97%-173 bps
Net Interest Margin3.14%3.20%3.35%3.45%3.38%+24 bps
Efficiency Ratio58.23%68.23%76.33%63.76%56.08%-215 bps
Non-Interest Burden1.54%2.00%2.55%1.93%1.58%+4 bps
Growth
Asset Growth (YoY)44.77%39.98%38.69%2.39%0.11%-4,466 bps
Loan Growth (YoY)58.10%55.98%51.99%2.43%-6.05%-6,414 bps
Deposit Growth (YoY)53.62%46.57%43.22%2.44%-0.57%-5,419 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.10%0.16%0.00%3.74%+367 bps
Allowance / Loans1.10%1.19%1.37%1.96%1.31%+20 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 Capital12.07%12.46%12.74%12.85%13.54%+147 bps
Equity / Assets8.15%8.42%8.31%8.70%8.60%+45 bps
Liquidity & Funding
Loans / Deposits80.05%80.48%78.14%80.36%75.65%-441 bps
Liquid Assets / Assets5.06%4.87%4.35%3.78%3.32%-175 bps
CRE / Total Capitaln/an/an/an/an/an/an/a