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Hardware State Bank

Lovington, IL · Cert 12408

FDIC · 1 branch

Q4 2016

$22.1MAssets
$10.1MLoans
$19.9MDeposits
$2.2MEquity
Loan mix
69%RE $5.6M16%C&I $1.3M15%Consumer $1.2MQ4 2015Q4 2016
Deposit mix
89%Interest-bearing $17.7M11%Noninterest $2.2MQ4 2015Q4 2016

NIM

2.16%Q4 ’142.23%Q4 ’152.48%Q4 ’16+6%+14%

Non-interest income vs. expense

2.09%Q4 ’142.21%Q4 ’152.17%Q4 ’16+8%-2%

Executive Summary

  • Earnings: ROA of 0.58%, up 32 bps year over year; NIM at 2.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.33%, down 28 bps from a year ago.
  • Funding: loans stand at 50.81% of deposits as of Q4 2016.

Financial Results

Return on Assets (quarter, annualized)

0.58%+32 bps YoY

Net Interest Margin (quarter, annualized)

2.36%+28 bps YoY

Efficiency Ratio (quarter, annualized)

79.38%-1,048 bps YoY

Tier 1 Leverage Ratio

9.33%-28 bps YoY

Discrete quarter, annualized.

MetricQ4 2015Q1 2016Q2 2016Q3 2016Q4 2016YoY ΔTrend
Earnings
Return on Assets0.25%0.17%0.19%0.43%0.58%+32 bps
Return on Equity2.60%1.67%2.03%4.77%6.03%+343 bps
Net Interest Margin2.07%2.09%2.06%2.15%2.36%+28 bps
Efficiency Ratio89.86%93.28%91.73%83.67%79.38%-1,048 bps
Non-Interest Burden1.82%1.93%1.86%1.75%1.79%-3 bps
Growth
Asset Growth (YoY)-5.56%-4.32%9.48%4.82%2.18%+774 bps
Loan Growth (YoY)4.32%-10.05%3.93%15.60%19.35%+1,503 bps
Deposit Growth (YoY)-6.21%-4.86%10.37%5.11%2.24%+845 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.12%0.00%0.17%0.00%0 bps
Allowance / Loans1.14%1.39%1.27%0.97%0.90%-24 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.61%9.82%9.60%9.25%9.33%-28 bps
Total Risk-Based Capital23.22%27.59%25.78%22.88%21.53%-169 bps
Equity / Assets9.93%9.88%8.94%9.24%9.88%-5 bps
Liquidity & Funding
Loans / Deposits43.52%34.75%33.95%43.90%50.81%+728 bps
Liquid Assets / Assets40.71%46.50%51.78%43.95%39.41%-131 bps
CRE / Total Capitaln/an/an/an/an/an/an/a