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

6.72%Q3 ’076.12%Q3 ’085.58%Q3 ’09+0%-1%

Non-interest income vs. expense

2.58%Q3 ’072.72%Q3 ’086.09%Q3 ’09+8%+168%

Executive Summary

  • Earnings: ROA of -2.15%, up 290 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.34%.
  • Funding: loans stand at 98.42% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

-2.15%+290 bps YoY

Net Interest Margin (quarter, annualized)

3.36%-5 bps YoY

Efficiency Ratio (quarter, annualized)

154.66%+8,791 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-5.05%0.90%0.79%-0.15%-2.15%+290 bps
Return on Equity-71.60%13.25%11.09%-2.09%-29.22%+4,238 bps
Net Interest Margin3.41%3.61%3.61%3.41%3.36%-5 bps
Efficiency Ratio66.75%68.20%69.44%81.54%154.66%+8,791 bps
Non-Interest Burden2.06%2.31%2.32%2.64%5.51%+346 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 / Loans0.10%0.32%0.07%0.13%0.34%+24 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