PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

English State Bank

English, IN · Cert 12827

FDIC

Q3 2009

$242.9MAssets
$175.1MLoans
$177.9MDeposits
$17.5MEquity
Loan mix
90%RE $130.0M10%C&I $14.1M0%Consumer $0.0MQ3 2008Q3 2009
Deposit mix
89%Interest-bearing $158.7M11%Noninterest $19.2MQ3 2008Q3 2009

NIM

6.75%Q3 ’076.28%Q3 ’085.71%Q3 ’09-1%+2%

Non-interest income vs. expense

2.60%Q3 ’072.65%Q3 ’084.16%Q3 ’09+4%+77%

Executive Summary

  • Earnings: ROA of -0.49%, up 59 bps year over year; NIM at 3.49%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.18%.
  • Funding: loans stand at 98.42% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

-0.49%+59 bps YoY

Net Interest Margin (YTD, annualized)

3.49%+8 bps YoY

Efficiency Ratio (YTD, annualized)

100.54%+3,562 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-1.08%-0.59%0.79%0.32%-0.49%+59 bps
Return on Equity-14.80%-8.16%11.09%4.43%-6.74%+806 bps
Net Interest Margin3.42%3.54%3.61%3.52%3.49%+8 bps
Efficiency Ratio64.92%65.72%69.44%75.44%100.54%+3,562 bps
Non-Interest Burden1.99%2.11%2.32%2.49%3.52%+153 bps
Growth
Asset Growth (YoY)-2.03%-4.06%-3.02%-5.03%-7.04%-501 bps
Loan Growth (YoY)9.43%5.57%5.01%0.94%-3.15%-1,258 bps
Deposit Growth (YoY)3.94%1.16%5.79%6.27%7.29%+335 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.15%0.07%0.10%0.18%+9 bps
Allowance / Loans1.48%1.44%1.42%1.65%1.62%+14 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 Capital12.14%12.42%12.59%12.63%12.09%-5 bps
Equity / Assets6.63%7.01%7.22%7.49%7.22%+58 bps
Liquidity & Funding
Loans / Deposits109.03%106.77%102.87%100.41%98.42%-1,061 bps
Liquid Assets / Assets2.08%2.38%2.89%3.42%2.31%+23 bps
CRE / Total Capitaln/an/an/an/an/an/an/a