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North Side State Bank of Rock Springs, Wyoming

Rock Springs, WY · Cert 13244

FDIC

Q1 2007

$121.7MAssets
$40.2MLoans
$102.3MDeposits
$19.1MEquity
Loan mix
79%RE $21.3M20%C&I $5.5M1%Consumer $0.3MQ1 2006Q1 2007
Deposit mix
76%Interest-bearing $77.6M24%Noninterest $24.7MQ1 2006Q1 2007

NIM

3.82%Q1 ’054.11%Q1 ’064.90%Q1 ’07-7%+10%

Non-interest income vs. expense

2.30%Q1 ’052.13%Q1 ’062.88%Q1 ’07-9%+39%

Executive Summary

  • Earnings: ROA of 0.48%, down 30 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 39.28% of deposits as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

0.48%-30 bps YoY

Net Interest Margin (quarter, annualized)

3.35%+30 bps YoY

Efficiency Ratio (quarter, annualized)

79.80%+1,506 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets0.78%0.81%0.68%1.27%0.48%-30 bps
Return on Equity5.02%5.19%4.22%8.08%3.09%-193 bps
Net Interest Margin3.05%3.33%3.36%3.33%3.35%+30 bps
Efficiency Ratio64.74%65.33%72.45%57.60%79.80%+1,506 bps
Non-Interest Burden1.89%2.08%2.36%1.40%2.62%+73 bps
Growth
Asset Growth (YoY)5.21%-0.71%3.58%4.52%1.07%-413 bps
Loan Growth (YoY)0.19%2.98%8.78%14.94%21.67%+2,148 bps
Deposit Growth (YoY)6.18%-0.45%4.21%4.81%0.66%-552 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.05%-0.01%0.01%0.01%+1 bps
Allowance / Loans1.95%1.83%1.69%1.66%1.59%-36 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 Capital44.47%43.84%42.14%40.85%40.18%-429 bps
Equity / Assets15.37%16.03%15.96%15.44%15.67%+30 bps
Liquidity & Funding
Loans / Deposits32.50%35.86%37.26%37.54%39.28%+678 bps
Liquid Assets / Assets3.07%3.18%3.15%3.12%3.12%+6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a