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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

3.41%Q3 ’123.18%Q3 ’133.25%Q3 ’14+1%+5%

Non-interest income vs. expense

2.16%Q3 ’122.86%Q3 ’132.30%Q3 ’14+24%-16%

Executive Summary

  • Earnings: ROA of 1.00%, up 94 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.39%.
  • Funding: loans stand at 50.50% of deposits as of Q3 2014.

Financial Results

Return on Assets (quarter, annualized)

1.00%+94 bps YoY

Net Interest Margin (quarter, annualized)

2.86%+14 bps YoY

Efficiency Ratio (quarter, annualized)

69.02%-1,476 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets0.06%-0.20%-0.01%-1.00%1.00%+94 bps
Return on Equity0.54%-1.91%-0.09%-8.89%8.80%+826 bps
Net Interest Margin2.72%2.97%2.78%2.92%2.86%+14 bps
Efficiency Ratio83.77%96.19%86.74%158.96%69.02%-1,476 bps
Non-Interest Burden2.16%2.87%2.37%4.05%1.83%-34 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 / Loans0.52%0.94%1.00%-0.56%0.39%-14 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