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Ellis State Bank

Ellis, KS · Cert 12424

FDIC

Q2 2008

$68.4MAssets
$53.7MLoans
$60.1MDeposits
$6.0MEquity
Loan mix
75%RE $26.5M25%C&I $8.9M0%Consumer $0.1MQ2 2007Q2 2008
Deposit mix
86%Interest-bearing $51.8M14%Noninterest $8.4MQ2 2007Q2 2008

NIM

5.68%Q2 ’0611.18%Q2 ’0711.04%Q2 ’08+136%-2%

Non-interest income vs. expense

2.80%Q2 ’067.68%Q2 ’079.02%Q2 ’08+189%+11%

Executive Summary

  • Earnings: ROA of -0.52%, down 104 bps year over year; NIM at 8.11%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 89.24% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

-0.52%-104 bps YoY

Net Interest Margin (YTD, annualized)

8.11%-16 bps YoY

Efficiency Ratio (YTD, annualized)

100.78%+1,121 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.52%0.50%0.68%0.08%-0.52%-104 bps
Return on Equity5.35%5.11%6.95%0.83%-5.64%-1,098 bps
Net Interest Margin8.27%8.36%8.87%8.28%8.11%-16 bps
Efficiency Ratio89.57%90.12%88.36%95.53%100.78%+1,121 bps
Non-Interest Burden7.38%7.50%7.78%7.86%8.18%+80 bps
Growth
Asset Growth (YoY)25.55%9.99%14.14%19.26%6.52%-1,903 bps
Loan Growth (YoY)50.50%27.94%26.13%12.06%2.67%-4,783 bps
Deposit Growth (YoY)22.69%13.95%9.37%21.92%16.51%-618 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.04%0.03%0.00%0.00%-7 bps
Allowance / Loans0.65%0.69%0.66%0.68%0.69%+4 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 Capital13.21%13.72%13.72%13.37%12.97%-24 bps
Equity / Assets9.21%9.55%9.70%9.07%8.84%-37 bps
Liquidity & Funding
Loans / Deposits101.27%92.32%98.26%86.35%89.24%-1,203 bps
Liquid Assets / Assets0.13%0.10%0.06%0.03%0.03%-10 bps
CRE / Total Capitaln/an/an/an/an/an/an/a