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Bank of Paxton

Paxton, NE · Cert 12247

FDIC

Q4 2009

$14.1MAssets
$9.2MLoans
$11.8MDeposits
$2.0MEquity
Deposit mix
80%Interest-bearing $9.5M20%Noninterest $2.3MQ4 2008Q4 2009

NIM

7.09%Q4 ’075.87%Q4 ’085.78%Q4 ’09+4%+6%

Non-interest income vs. expense

3.05%Q4 ’073.51%Q4 ’083.60%Q4 ’09+9%+3%

Executive Summary

  • Earnings: ROA of 1.14%, up 101 bps year over year; NIM at 4.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.13%.
  • Funding: loans stand at 78.29% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

1.14%+101 bps YoY

Net Interest Margin (quarter, annualized)

4.91%+27 bps YoY

Efficiency Ratio (quarter, annualized)

67.89%-200 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets0.12%3.44%0.48%1.26%1.14%+101 bps
Return on Equity0.90%24.85%3.35%9.02%8.08%+719 bps
Net Interest Margin4.64%9.13%4.04%5.41%4.91%+27 bps
Efficiency Ratio69.90%39.58%86.23%67.59%67.89%-200 bps
Non-Interest Burden3.13%3.29%3.42%3.47%3.21%+8 bps
Growth
Asset Growth (YoY)-4.13%-15.06%-10.43%-5.45%-17.89%-1,376 bps
Loan Growth (YoY)-6.39%-1.97%10.56%14.96%-6.28%+11 bps
Deposit Growth (YoY)-15.54%-18.55%-11.65%-4.09%-8.36%+717 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans6.45%-0.56%-0.30%-0.08%-0.13%-658 bps
Allowance / Loans2.41%2.70%2.77%2.72%2.85%+43 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 Capital19.06%21.79%19.54%18.89%19.32%+26 bps
Equity / Assets12.72%15.10%13.73%14.12%14.01%+129 bps
Liquidity & Funding
Loans / Deposits76.55%74.09%75.71%81.20%78.29%+174 bps
Liquid Assets / Assets0.00%0.66%2.05%0.00%7.80%+780 bps
CRE / Total Capitaln/an/an/an/an/an/an/a