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First State Bank of Red Bud

Red Bud, IL · Cert 11704

FDIC

Q4 2011

$96.0MAssets
$39.5MLoans
$82.3MDeposits
$11.9MEquity
Loan mix
84%RE $29.5M14%C&I $4.8M3%Consumer $1.0MQ4 2010Q4 2011
Deposit mix
84%Interest-bearing $69.4M16%Noninterest $12.9MQ4 2010Q4 2011

NIM

4.07%Q4 ’093.97%Q4 ’103.93%Q4 ’11+13%+24%

Non-interest income vs. expense

3.52%Q4 ’092.80%Q4 ’102.49%Q4 ’11+71%-67%

Executive Summary

  • Earnings: ROA of 0.48%, up 796 bps year over year; NIM at 2.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.26%.
  • Funding: loans stand at 47.97% of deposits as of Q4 2011.

Financial Results

Return on Assets (quarter, annualized)

0.48%+796 bps YoY

Net Interest Margin (quarter, annualized)

2.94%+58 bps YoY

Efficiency Ratio (quarter, annualized)

72.99%-8,272 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets-7.48%0.31%0.76%0.58%0.48%+796 bps
Return on Equity-75.24%2.79%6.66%4.75%3.83%+7,907 bps
Net Interest Margin2.37%2.72%2.67%2.78%2.94%+58 bps
Efficiency Ratio155.71%83.91%75.28%72.85%72.99%-8,272 bps
Non-Interest Burden6.08%2.24%1.95%1.95%2.02%-406 bps
Growth
Asset Growth (YoY)5.13%5.19%8.73%-0.66%0.39%-474 bps
Loan Growth (YoY)-5.63%-8.17%-8.35%-7.23%-8.49%-286 bps
Deposit Growth (YoY)5.73%6.51%6.90%-2.34%-0.90%-663 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.38%-0.27%0.47%0.46%1.26%-113 bps
Allowance / Loans6.26%6.64%6.62%6.56%6.36%+10 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 Capital17.18%17.72%18.90%20.23%20.14%+297 bps
Equity / Assets11.21%11.20%11.66%12.68%12.43%+123 bps
Liquidity & Funding
Loans / Deposits51.95%49.17%47.97%50.22%47.97%-398 bps
Liquid Assets / Assets0.54%0.67%2.10%0.47%0.43%-11 bps
CRE / Total Capitaln/an/an/an/an/an/an/a