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Spalding City Bank

Spalding, NE · Cert 13891

FDIC

Q3 2008

$34.0MAssets
$22.9MLoans
$28.9MDeposits
$4.5MEquity
Deposit mix
88%Interest-bearing $25.5M12%Noninterest $3.5MQ3 2007Q3 2008

NIM

5.10%Q3 ’063.20%Q3 ’074.91%Q3 ’08-40%+57%

Non-interest income vs. expense

1.71%Q3 ’060.81%Q3 ’071.63%Q3 ’08-52%+71%

Executive Summary

  • Earnings: ROA of 1.21%, up 88 bps year over year; NIM at 2.21%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.16%.
  • Funding: loans stand at 79.16% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

1.21%+88 bps YoY

Net Interest Margin (YTD, annualized)

2.21%+81 bps YoY

Efficiency Ratio (YTD, annualized)

54.38%+116 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.33%0.50%1.64%1.34%1.21%+88 bps
Return on Equity3.30%4.86%13.81%10.95%9.67%+637 bps
Net Interest Margin1.41%1.56%1.90%2.11%2.21%+81 bps
Efficiency Ratio53.22%48.22%57.29%53.22%54.38%+116 bps
Non-Interest Burden0.75%0.80%1.27%1.22%1.29%+54 bps
Growth
Asset Growth (YoY)5.11%0.14%16.94%5.31%5.73%+62 bps
Loan Growth (YoY)35.74%31.98%32.41%14.76%24.19%-1,156 bps
Deposit Growth (YoY)0.77%-4.29%13.39%7.08%4.72%+396 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.30%0.25%-0.58%-0.25%-0.16%-46 bps
Allowance / Loans0.81%0.90%0.97%0.84%0.77%-4 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 Capital13.82%14.48%13.91%13.02%12.44%-138 bps
Equity / Assets12.47%11.55%12.15%13.10%13.38%+92 bps
Liquidity & Funding
Loans / Deposits66.76%49.99%56.37%72.05%79.16%+1,241 bps
Liquid Assets / Assets30.71%24.18%12.86%16.15%16.72%-1,399 bps
CRE / Total Capitaln/an/an/an/an/an/an/a