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West Burlington Bank

West Burlington, IA · Cert 12129

FDIC

Q3 2002

$63.9MAssets
$28.7MLoans
$50.0MDeposits
$6.0MEquity
Deposit mix
87%Interest-bearing $43.3M13%Noninterest $6.7MQ3 2001Q3 2002

NIM

6.82%Q1 ’016.41%Q3 ’015.55%Q3 ’02-2%-1%

Non-interest income vs. expense

4.03%Q1 ’012.71%Q3 ’012.76%Q3 ’02-28%-9%

Executive Summary

  • Earnings: ROA of 1.35%, unchanged from a year ago; NIM at 3.39%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.38%.
  • Funding: loans stand at 57.37% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

1.35%0 bps YoY

Net Interest Margin (quarter, annualized)

3.39%-4 bps YoY

Efficiency Ratio (quarter, annualized)

63.43%-151 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.35%0.98%0.86%1.13%1.35%0 bps
Return on Equity14.03%10.13%9.10%11.92%14.18%+15 bps
Net Interest Margin3.43%3.56%3.60%3.52%3.39%-4 bps
Efficiency Ratio64.94%70.52%76.10%69.89%63.43%-151 bps
Non-Interest Burden1.96%2.32%2.56%2.18%1.79%-17 bps
Growth
Asset Growth (YoY)8.73%10.27%8.51%5.94%15.61%+687 bps
Loan Growth (YoY)-2.82%2.44%2.06%4.46%1.95%+477 bps
Deposit Growth (YoY)13.28%11.59%7.49%3.80%4.15%-913 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.38%0.01%0.20%1.38%+139 bps
Allowance / Loans0.86%0.85%0.91%0.96%0.69%-18 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 Capital16.30%16.08%15.81%16.46%15.74%-56 bps
Equity / Assets9.94%9.50%9.38%9.60%9.39%-54 bps
Liquidity & Funding
Loans / Deposits58.61%58.93%58.88%56.91%57.37%-124 bps
Liquid Assets / Assets1.98%3.12%2.78%1.85%1.40%-58 bps
CRE / Total Capitaln/an/an/an/an/an/an/a