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Whaples and Farmers State Bank, The

Neponset, IL · Cert 13661

FDIC

Q2 2004

$9.9MAssets
$4.8MLoans
$8.8MDeposits
$1.1MEquity
Deposit mix
91%Interest-bearing $7.9M9%Noninterest $0.8MQ2 2003Q2 2004

NIM

6.36%Q2 ’025.06%Q2 ’034.26%Q2 ’04-20%-12%

Non-interest income vs. expense

3.14%Q2 ’023.12%Q2 ’032.80%Q2 ’04+1%-11%

Executive Summary

  • Earnings: ROA of 0.24%, up 3 bps year over year; NIM at 2.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Funding: loans stand at 55.17% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

0.24%+3 bps YoY

Net Interest Margin (quarter, annualized)

2.72%-36 bps YoY

Efficiency Ratio (quarter, annualized)

90.79%+55 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.21%0.13%0.04%-0.36%0.24%+3 bps
Return on Equity1.85%1.11%0.37%-3.35%2.24%+39 bps
Net Interest Margin3.08%2.96%2.60%2.79%2.72%-36 bps
Efficiency Ratio90.24%92.41%98.67%110.53%90.79%+55 bps
Non-Interest Burden2.74%2.71%2.56%3.12%2.43%-31 bps
Growth
Asset Growth (YoY)3.15%3.05%1.20%1.86%4.88%+173 bps
Loan Growth (YoY)-4.58%-2.83%-7.18%-5.37%-2.34%+224 bps
Deposit Growth (YoY)3.77%3.67%1.41%2.31%5.67%+190 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.86%0.08%-0.08%-8 bps
Allowance / Loans1.17%1.19%1.06%1.04%1.05%-12 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 Capital21.60%20.58%20.64%20.61%20.70%-90 bps
Equity / Assets11.48%11.24%10.48%10.75%10.88%-59 bps
Liquidity & Funding
Loans / Deposits59.69%58.50%50.42%53.35%55.17%-452 bps
Liquid Assets / Assets35.41%34.62%40.24%34.99%29.08%-633 bps
CRE / Total Capitaln/an/an/an/an/an/an/a