PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Palmer State Bank

Taylorville, IL · Cert 12103

FDIC

Q2 2011

$95.0MAssets
$46.3MLoans
$85.2MDeposits
$7.9MEquity
Loan mix
72%RE $31.0M19%C&I $8.3M9%Consumer $4.0MQ2 2010Q2 2011
Deposit mix
90%Interest-bearing $76.6M10%Noninterest $8.6MQ2 2010Q2 2011

NIM

5.21%Q2 ’094.77%Q2 ’104.31%Q2 ’110%-4%

Non-interest income vs. expense

2.26%Q2 ’091.93%Q2 ’102.09%Q2 ’11+21%+1%

Executive Summary

  • Earnings: ROA of 1.17%, up 2 bps year over year; NIM at 3.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 54.41% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

1.17%+2 bps YoY

Net Interest Margin (quarter, annualized)

3.24%-13 bps YoY

Efficiency Ratio (quarter, annualized)

54.18%+393 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets1.15%0.01%-0.09%0.63%1.17%+2 bps
Return on Equity13.44%0.11%-1.16%8.28%14.67%+122 bps
Net Interest Margin3.37%2.94%3.07%3.00%3.24%-13 bps
Efficiency Ratio50.25%60.34%60.93%61.59%54.18%+393 bps
Non-Interest Burden1.46%1.56%1.66%1.69%1.48%+2 bps
Growth
Asset Growth (YoY)26.79%24.80%20.83%16.09%9.54%-1,726 bps
Loan Growth (YoY)19.62%10.75%6.02%-0.91%1.52%-1,810 bps
Deposit Growth (YoY)28.48%26.24%23.19%18.43%10.68%-1,780 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.33%5.76%0.00%0.06%+5 bps
Allowance / Loans0.84%1.44%1.00%1.24%1.19%+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 Capital10.01%10.27%10.05%10.82%11.21%+120 bps
Equity / Assets8.46%8.17%7.61%7.67%8.27%-19 bps
Liquidity & Funding
Loans / Deposits59.32%57.91%54.57%52.19%54.41%-491 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a