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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 $1.2MQ1 2015Q4 2016
Deposit mix
89%Interest-bearing $17.7M11%Noninterest $2.2MQ1 2015Q4 2016

Executive Summary

  • Earnings: ROA of 0.35%, up 24 bps year over year; NIM at 2.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • 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.

Return on Assets (YTD, annualized)

0.35%+24 bps YoY

Net Interest Margin (YTD, annualized)

2.12%+15 bps YoY

Efficiency Ratio (YTD, annualized)

86.59%-1,110 bps YoY

Tier 1 Leverage Ratio

9.33%-28 bps YoY

NIM

2.08%Q4 ’142.13%Q4 ’152.26%Q4 ’16+4%+8%

Non-interest income vs. expense

2.22%Q4 ’142.26%Q4 ’152.12%Q4 ’16+5%-6%

Year to date, annualized, through each quarter.

MetricQ1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016YoY ΔTrend
Earnings
Return on Assets0.09%10.11%10.06%10.11%0.17%0.18%0.27%0.35%+24 bps
Return on Equity0.93%1.12%0.68%1.16%1.67%1.85%2.83%3.64%+247 bps
Net Interest Margin1.89%1.99%1.90%1.96%2.09%2.05%2.02%2.12%+15 bps
Efficiency Ratio105.56%100.00%100.53%97.68%93.28%92.51%89.37%86.59%-1,110 bps
Non-Interest Burden2.01%1.99%1.92%1.91%1.93%1.87%1.77%1.79%-12 bps
Growth
Asset Growth (YoY)-7.19%-7.39%-5.08%-5.56%-4.32%9.48%4.82%2.18%+774 bps
Loan Growth (YoY)-2.22%-7.83%4.76%4.32%-10.05%3.93%15.60%19.35%+1,503 bps
Deposit Growth (YoY)-8.18%-8.34%-5.76%-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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.12%0.05%0.08%0.06%+6 bps
Allowance / Loans1.27%1.35%1.19%1.14%1.39%1.27%0.97%0.90%-24 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.09%9.77%9.45%9.61%9.82%9.60%9.25%9.33%-28 bps
Total Risk-Based Capital25.27%26.87%24.47%23.22%27.59%25.78%22.88%21.53%-169 bps
Equity / Assets9.38%9.69%9.51%9.93%9.88%8.94%9.24%9.88%-5 bps
Liquidity & Funding
Loans / Deposits36.75%36.06%39.92%43.52%34.75%33.95%43.90%50.81%+728 bps
Liquid Assets / Assets44.83%43.27%43.88%40.71%46.50%51.78%43.95%39.41%-131 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a