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Spencer State Bank

Spencer, NE · Cert 12249

FDIC · 1 branch

Q4 2016

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2016, the quarter ended December 31, 2016, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Spencer State Bank

Spencer, NE · Cert 12249

FDIC · 1 branch

Q4 2016

$49.7MAssets
$38.5MLoans
$41.4MDeposits
$5.7MEquity
Loan mix
70%RE $15.6M29%C&I $6.5M1%Consumer $0.2MQ4 2015Q4 2016
Deposit mix
88%Interest-bearing $36.3M12%Noninterest $5.1MQ4 2015Q4 2016

NIM

2.64%Q4 ’143.23%Q4 ’153.74%Q4 ’16+16%+7%

Non-interest income vs. expense

2.54%Q4 ’142.47%Q4 ’152.23%Q4 ’160%-13%

Executive Summary

  • Earnings: ROA of 0.39%, up 16 bps year over year; NIM at 3.01%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.49%.
  • Capital: tier 1 leverage ratio of 11.38%, up 8 bps from a year ago.
  • Funding: loans stand at 92.97% of deposits as of Q4 2016.

Financial Results

Return on Assets (YTD, annualized)

0.39%+16 bps YoY

Net Interest Margin (YTD, annualized)

3.01%+21 bps YoY

Efficiency Ratio (YTD, annualized)

69.22%-1,456 bps YoY

Tier 1 Leverage Ratio

11.38%+8 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2015Q1 2016Q2 2016Q3 2016Q4 2016YoY ΔTrend
Earnings
Return on Assets0.23%0.93%0.87%0.40%0.39%+16 bps
Return on Equity1.82%8.22%7.93%3.75%3.59%+177 bps
Net Interest Margin2.80%3.42%3.26%3.16%3.01%+21 bps
Efficiency Ratio83.78%71.15%70.13%68.01%69.22%-1,456 bps
Non-Interest Burden2.31%2.37%2.19%2.06%2.00%-31 bps
Growth
Asset Growth (YoY)43.24%40.38%46.66%21.04%22.30%-2,093 bps
Loan Growth (YoY)53.61%59.90%58.58%21.96%18.60%-3,502 bps
Deposit Growth (YoY)31.93%34.97%42.52%25.95%29.77%-216 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.00%0.00%0.65%0.49%+51 bps
Allowance / Loans0.88%0.85%0.88%0.94%1.10%+23 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.30%11.19%10.31%9.76%11.38%+8 bps
Total Risk-Based Capital12.90%12.11%11.62%12.13%14.73%+183 bps
Equity / Assets11.42%11.33%10.12%10.12%11.54%+12 bps
Liquidity & Funding
Loans / Deposits101.73%108.02%101.17%97.60%92.97%-876 bps
Liquid Assets / Assets7.51%1.21%3.08%8.14%11.73%+423 bps
CRE / Total Capitaln/an/an/an/an/an/an/a