PackageTrendsPeer
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Mahaska State Bank

Oskaloosa, IA · Cert 14197

FDIC

Q2 2008

$789.2MAssets
$647.3MLoans
$591.4MDeposits
$74.0MEquity
Loan mix
76%RE $379.6M24%C&I $117.6M0%Consumer $0.4MQ2 2007Q2 2008
Deposit mix
88%Interest-bearing $518.3M12%Noninterest $73.1MQ2 2007Q2 2008

NIM

6.97%Q2 ’067.49%Q2 ’076.47%Q2 ’08-1%-14%

Non-interest income vs. expense

2.60%Q2 ’062.39%Q2 ’072.28%Q2 ’08-8%-6%

Executive Summary

  • Earnings: ROA of 0.94%, down 30 bps year over year; NIM at 3.59%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.78%.
  • Funding: loans stand at 109.47% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

0.94%-30 bps YoY

Net Interest Margin (quarter, annualized)

3.59%-59 bps YoY

Efficiency Ratio (quarter, annualized)

53.48%+416 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.24%0.95%0.88%0.87%0.94%-30 bps
Return on Equity13.02%9.96%9.35%9.29%10.01%-301 bps
Net Interest Margin4.18%3.77%3.44%3.62%3.59%-59 bps
Efficiency Ratio49.31%56.10%57.43%58.76%53.48%+416 bps
Non-Interest Burden1.76%1.87%1.76%1.89%1.65%-11 bps
Growth
Asset Growth (YoY)6.87%6.84%5.61%5.06%6.29%-58 bps
Loan Growth (YoY)5.37%7.35%4.65%3.80%8.16%+279 bps
Deposit Growth (YoY)10.44%8.65%2.64%4.38%4.14%-630 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.87%0.89%0.45%0.49%0.78%-9 bps
Allowance / Loans1.34%1.19%1.19%1.21%1.14%-20 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 Capital11.32%10.90%10.87%10.90%10.74%-58 bps
Equity / Assets9.61%9.49%9.33%9.46%9.37%-23 bps
Liquidity & Funding
Loans / Deposits105.40%108.85%108.77%105.44%109.47%+407 bps
Liquid Assets / Assets1.51%1.44%1.37%1.35%1.09%-41 bps
CRE / Total Capitaln/an/an/an/an/an/an/a