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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

5.30%Q3 ’065.74%Q3 ’074.91%Q3 ’08+8%-2%

Non-interest income vs. expense

1.69%Q3 ’061.56%Q3 ’071.83%Q3 ’08-6%-3%

Executive Summary

  • Earnings: ROA of 0.95%, down 5 bps year over year; NIM at 2.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 79.16% of deposits as of Q3 2008.

Financial Results

Return on Assets (quarter, annualized)

0.95%-5 bps YoY

Net Interest Margin (quarter, annualized)

2.40%-5 bps YoY

Efficiency Ratio (quarter, annualized)

56.38%-324 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets1.01%1.03%1.64%1.02%0.95%-5 bps
Return on Equity8.16%8.57%13.81%8.07%7.20%-97 bps
Net Interest Margin2.45%2.27%1.90%2.13%2.40%-5 bps
Efficiency Ratio59.62%40.60%57.29%49.78%56.38%-324 bps
Non-Interest Burden1.45%1.07%1.27%1.06%1.41%-4 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 / Loans0.91%0.00%-0.58%0.00%-0.02%-93 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