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First State Bank

Beaver City, NE · Cert 12636

FDIC

Q4 2010

$47.6MAssets
$23.5MLoans
$40.5MDeposits
$7.1MEquity
Deposit mix
91%Interest-bearing $37.0M9%Noninterest $3.5MQ4 2009Q4 2010

NIM

6.33%Q4 ’085.46%Q4 ’094.36%Q4 ’10-2%-16%

Non-interest income vs. expense

1.66%Q4 ’081.96%Q4 ’091.66%Q4 ’10+25%-23%

Executive Summary

  • Earnings: ROA of 1.41%, up 13 bps year over year; NIM at 2.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.51%.
  • Funding: loans stand at 57.95% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

1.41%+13 bps YoY

Net Interest Margin (YTD, annualized)

2.74%-51 bps YoY

Efficiency Ratio (YTD, annualized)

53.80%-203 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets1.28%1.20%1.40%1.53%1.41%+13 bps
Return on Equity7.83%7.14%8.17%8.84%8.42%+59 bps
Net Interest Margin3.25%2.48%2.69%2.82%2.74%-51 bps
Efficiency Ratio55.83%55.59%53.07%51.01%53.80%-203 bps
Non-Interest Burden1.70%1.24%1.26%1.25%1.31%-39 bps
Growth
Asset Growth (YoY)-0.07%0.95%-0.16%-2.38%3.57%+363 bps
Loan Growth (YoY)-14.28%-11.29%-3.11%-6.01%-1.04%+1,324 bps
Deposit Growth (YoY)-0.86%0.01%-1.58%-3.52%5.88%+673 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.95%0.14%0.99%0.67%0.51%-44 bps
Allowance / Loans1.48%1.47%0.92%0.95%0.99%-49 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 Capital23.91%24.60%24.47%23.52%21.13%-278 bps
Equity / Assets16.65%17.09%17.73%17.64%14.84%-181 bps
Liquidity & Funding
Loans / Deposits62.00%61.90%66.60%65.39%57.95%-405 bps
Liquid Assets / Assets0.00%0.00%1.09%1.11%1.04%+104 bps
CRE / Total Capitaln/an/an/an/an/an/an/a