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First State Bank of Beardstown

Beardstown, IL · Cert 12547

FDIC

Q3 2009

$57.2MAssets
$24.4MLoans
$46.4MDeposits
$6.4MEquity
Deposit mix
81%Interest-bearing $37.6M19%Noninterest $8.8MQ3 2008Q3 2009

NIM

6.18%Q3 ’075.50%Q3 ’084.45%Q3 ’09-17%-7%

Non-interest income vs. expense

3.53%Q3 ’073.79%Q3 ’084.13%Q3 ’09-13%+36%

Executive Summary

  • Earnings: ROA of -0.13%, down 106 bps year over year; NIM at 3.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.36%.
  • Funding: loans stand at 52.65% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

-0.13%-106 bps YoY

Net Interest Margin (quarter, annualized)

3.05%-22 bps YoY

Efficiency Ratio (quarter, annualized)

100.34%+2,148 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets0.92%0.68%1.02%0.67%-0.13%-106 bps
Return on Equity9.21%7.14%9.94%5.97%-1.20%-1,041 bps
Net Interest Margin3.27%3.17%3.07%2.95%3.05%-22 bps
Efficiency Ratio78.86%84.43%79.24%91.51%100.34%+2,148 bps
Non-Interest Burden2.25%2.47%2.23%2.60%3.06%+81 bps
Growth
Asset Growth (YoY)16.09%10.96%4.16%3.43%-0.25%-1,634 bps
Loan Growth (YoY)1.37%-6.04%-7.94%-10.12%-10.18%-1,155 bps
Deposit Growth (YoY)22.94%20.05%10.60%8.65%3.72%-1,923 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.27%0.10%0.92%0.36%+14 bps
Allowance / Loans1.71%1.97%2.16%2.05%1.97%+27 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 Capital21.46%17.38%17.52%17.36%16.58%-488 bps
Equity / Assets10.07%8.94%11.50%11.08%11.25%+118 bps
Liquidity & Funding
Loans / Deposits60.80%56.84%53.81%52.15%52.65%-814 bps
Liquid Assets / Assets2.10%6.72%13.83%7.01%4.16%+205 bps
CRE / Total Capitaln/an/an/an/an/an/an/a