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State Bank of Colony

Colony, KS · Cert 12690

FDIC

Q4 2010

$252.9MAssets
$50.2MLoans
$228.7MDeposits
$21.7MEquity
Loan mix
50%RE $21.8M50%C&I $21.5M0%Consumer $0.1MQ4 2009Q4 2010
Deposit mix
98%Interest-bearing $223.7M2%Noninterest $5.0MQ4 2009Q4 2010

NIM

3.14%Q4 ’082.97%Q4 ’091.55%Q4 ’10+37%-48%

Non-interest income vs. expense

9.69%Q4 ’086.30%Q4 ’093.36%Q4 ’10+82%-24%

Executive Summary

  • Earnings: ROA of -0.65%, up 7 bps year over year; NIM at 1.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.33%.
  • Funding: loans stand at 21.95% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

-0.65%+7 bps YoY

Net Interest Margin (quarter, annualized)

1.04%-96 bps YoY

Efficiency Ratio (quarter, annualized)

137.36%+2,713 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-0.72%-1.03%-1.31%0.16%-0.65%+7 bps
Return on Equity-6.45%-11.38%-17.25%2.31%-8.99%-254 bps
Net Interest Margin2.01%1.63%1.32%1.16%1.04%-96 bps
Efficiency Ratio110.23%163.34%185.92%93.26%137.36%+2,713 bps
Non-Interest Burden2.59%3.40%3.02%0.93%1.96%-63 bps
Growth
Asset Growth (YoY)60.92%19.79%16.73%125.78%80.20%+1,928 bps
Loan Growth (YoY)75.91%51.04%82.69%3.76%-0.77%-7,668 bps
Deposit Growth (YoY)75.17%21.90%18.75%143.46%84.72%+955 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.88%0.04%0.06%0.00%0.33%-55 bps
Allowance / Loans1.74%2.19%1.69%2.41%2.19%+45 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 Capital17.86%17.42%14.86%16.56%19.45%+159 bps
Equity / Assets10.95%7.80%7.37%6.23%8.58%-237 bps
Liquidity & Funding
Loans / Deposits40.86%21.73%29.35%15.12%21.95%-1,891 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a