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Harvard State Bank

Harvard, NE · Cert 14313

FDIC

Q1 2010

$36.3MAssets
$31.9MLoans
$29.6MDeposits
$4.8MEquity
Loan mix
53%RE $4.3M47%C&I $3.9M0%Consumer $0.0MQ1 2009Q1 2010
Deposit mix
91%Interest-bearing $27.1M9%Noninterest $2.6MQ1 2009Q1 2010

NIM

7.07%Q1 ’085.75%Q1 ’095.06%Q1 ’10-2%-7%

Non-interest income vs. expense

2.80%Q1 ’083.42%Q1 ’092.27%Q1 ’10+17%+11%

Executive Summary

  • Earnings: ROA of 0.01%, down 90 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.96%.
  • Funding: loans stand at 107.72% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

0.01%-90 bps YoY

Net Interest Margin (quarter, annualized)

3.67%-29 bps YoY

Efficiency Ratio (quarter, annualized)

74.56%+307 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.91%0.70%1.34%0.49%0.01%-90 bps
Return on Equity6.79%5.25%10.76%4.04%0.08%-671 bps
Net Interest Margin3.97%4.01%4.18%4.37%3.67%-29 bps
Efficiency Ratio71.50%77.25%56.01%77.44%74.56%+307 bps
Non-Interest Burden2.60%3.01%2.17%3.38%2.90%+30 bps
Growth
Asset Growth (YoY)1.87%6.10%8.80%10.48%3.99%+211 bps
Loan Growth (YoY)3.19%5.31%9.73%9.19%8.05%+486 bps
Deposit Growth (YoY)8.25%21.89%19.91%19.25%10.39%+215 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%0.21%-0.01%0.34%3.96%+398 bps
Allowance / Loans1.21%1.07%0.98%0.96%0.01%-120 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 Capital16.47%15.34%14.12%14.69%14.73%-174 bps
Equity / Assets13.76%12.87%12.00%12.18%13.29%-47 bps
Liquidity & Funding
Loans / Deposits110.06%107.08%114.55%108.59%107.72%-234 bps
Liquid Assets / Assets1.77%1.59%1.30%1.26%2.77%+99 bps
CRE / Total Capitaln/an/an/an/an/an/an/a