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Letter portraitLegal landscapeQuarterYTD

State Bank of Ledyard

Ledyard, IA · Cert 14411

FDIC

Q3 2012

$37.2MAssets
$27.2MLoans
$32.0MDeposits
$5.2MEquity
Loan mix
72%RE $9.0M15%C&I $1.8M14%Consumer $1.7MQ3 2011Q3 2012
Deposit mix
83%Interest-bearing $26.5M17%Noninterest $5.4MQ3 2011Q3 2012

NIM

4.67%Q3 ’104.25%Q3 ’114.12%Q3 ’12-6%+5%

Non-interest income vs. expense

2.01%Q3 ’101.69%Q3 ’111.82%Q3 ’12-12%+6%

Executive Summary

  • Earnings: ROA of 1.16%, down 52 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.70%.
  • Funding: loans stand at 85.00% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

1.16%-52 bps YoY

Net Interest Margin (YTD, annualized)

3.44%+17 bps YoY

Efficiency Ratio (YTD, annualized)

50.24%+85 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets1.68%1.65%1.65%1.12%1.16%-52 bps
Return on Equity13.03%12.57%12.14%8.24%8.53%-449 bps
Net Interest Margin3.26%3.36%3.50%3.39%3.44%+17 bps
Efficiency Ratio49.39%50.83%48.12%48.97%50.24%+85 bps
Non-Interest Burden1.53%1.62%1.60%1.57%1.63%+10 bps
Growth
Asset Growth (YoY)10.89%0.85%-1.36%-1.22%-1.43%-1,232 bps
Loan Growth (YoY)10.94%6.68%4.81%10.30%-3.49%-1,444 bps
Deposit Growth (YoY)9.74%-2.31%-2.44%-1.92%0.45%-930 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.29%0.20%-0.01%0.72%0.70%+41 bps
Allowance / Loans0.53%0.57%0.62%0.63%0.66%+13 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 Capital17.17%18.23%17.39%17.11%18.22%+104 bps
Equity / Assets13.43%14.00%13.19%13.45%13.96%+53 bps
Liquidity & Funding
Loans / Deposits88.47%87.46%84.32%87.58%85.00%-347 bps
Liquid Assets / Assets1.99%3.96%4.11%2.81%2.85%+86 bps
CRE / Total Capitaln/an/an/an/an/an/an/a