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Kent Bank

Kent, IL · Cert 12704

FDIC · 2 branches

Q3 2014

$80.9MAssets
$36.0MLoans
$71.3MDeposits
$9.5MEquity
Loan mix
82%RE $23.1M15%C&I $4.3M2%Consumer $0.6MQ3 2013Q3 2014
Deposit mix
92%Interest-bearing $65.7M8%Noninterest $5.7MQ3 2013Q3 2014

NIM

3.61%Q3 ’123.25%Q3 ’133.30%Q3 ’14-3%+5%

Non-interest income vs. expense

2.38%Q3 ’122.58%Q3 ’132.71%Q3 ’14+30%+4%

Executive Summary

  • Earnings: ROA of 0.00%, up 87 bps year over year; NIM at 2.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.30%.
  • Funding: loans stand at 50.50% of deposits as of Q3 2014.

Financial Results

Return on Assets (YTD, annualized)

0.00%+87 bps YoY

Net Interest Margin (YTD, annualized)

2.90%+14 bps YoY

Efficiency Ratio (YTD, annualized)

96.58%-92 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets-0.88%-0.70%-0.01%-0.48%0.00%+87 bps
Return on Equity-7.95%-6.47%-0.09%-4.49%-0.04%+791 bps
Net Interest Margin2.76%2.84%2.78%2.83%2.90%+14 bps
Efficiency Ratio97.49%97.16%86.74%114.57%96.58%-92 bps
Non-Interest Burden2.70%2.76%2.37%3.19%2.81%+11 bps
Growth
Asset Growth (YoY)-9.68%0.68%-4.58%-2.89%-2.70%+698 bps
Loan Growth (YoY)-8.16%-8.26%-12.75%-12.47%-14.25%-610 bps
Deposit Growth (YoY)-8.65%-3.25%-5.13%-5.31%-2.89%+575 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.80%1.62%1.00%0.23%0.30%-150 bps
Allowance / Loans1.26%1.24%1.21%1.38%1.45%+19 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 Capital19.37%16.11%20.10%20.28%22.36%+299 bps
Equity / Assets11.47%9.82%11.39%11.08%11.76%+29 bps
Liquidity & Funding
Loans / Deposits57.19%50.96%57.01%55.85%50.50%-669 bps
Liquid Assets / Assets0.24%0.00%0.00%0.00%0.00%-24 bps
CRE / Total Capitaln/an/an/an/an/an/an/a