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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

4.92%Q3 ’104.28%Q3 ’114.10%Q3 ’12-8%+4%

Non-interest income vs. expense

2.15%Q3 ’101.64%Q3 ’111.94%Q3 ’12-24%+17%

Executive Summary

  • Earnings: ROA of 1.26%, down 56 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.57%.
  • Funding: loans stand at 85.00% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

1.26%-56 bps YoY

Net Interest Margin (quarter, annualized)

3.47%+12 bps YoY

Efficiency Ratio (quarter, annualized)

52.72%+611 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets1.82%1.55%1.65%0.58%1.26%-56 bps
Return on Equity13.89%11.28%12.14%4.36%9.18%-471 bps
Net Interest Margin3.35%3.39%3.50%3.32%3.47%+12 bps
Efficiency Ratio46.61%55.06%48.12%49.85%52.72%+611 bps
Non-Interest Burden1.47%1.78%1.60%1.55%1.73%+26 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 / Loans0.21%-0.10%-0.01%1.45%0.57%+36 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