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Poweshiek County Savings Bank

Brooklyn, IA · Cert 14783

FDIC · 3 branches

Q2 2014

$53.9MAssets
$21.3MLoans
$49.5MDeposits
$2.5MEquity
Loan mix
67%RE $10.6M24%C&I $3.7M9%Consumer $1.4MQ2 2013Q2 2014
Deposit mix
92%Interest-bearing $45.6M8%Noninterest $3.8MQ2 2013Q2 2014

NIM

3.40%Q2 ’123.27%Q2 ’133.00%Q2 ’14+2%-8%

Non-interest income vs. expense

3.84%Q2 ’123.83%Q2 ’133.74%Q2 ’14+15%-24%

Executive Summary

  • Earnings: ROA of 0.36%, up 43 bps year over year; NIM at 2.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 42.99% of deposits as of Q2 2014.

Financial Results

Return on Assets (quarter, annualized)

0.36%+43 bps YoY

Net Interest Margin (quarter, annualized)

2.66%-23 bps YoY

Efficiency Ratio (quarter, annualized)

90.58%-1,162 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2013Q3 2013Q4 2013Q1 2014Q2 2014YoY ΔTrend
Earnings
Return on Assets-0.07%0.04%1-0.04%-0.11%0.36%+43 bps
Return on Equity-1.57%0.98%-1.24%-3.07%8.13%+970 bps
Net Interest Margin2.89%3.05%4.43%2.70%2.66%-23 bps
Efficiency Ratio102.20%101.12%101.59%103.74%90.58%-1,162 bps
Non-Interest Burden2.97%3.09%4.49%2.83%2.27%-70 bps
Growth
Asset Growth (YoY)-5.48%-6.28%-9.50%-3.83%-4.59%+90 bps
Loan Growth (YoY)-3.06%-1.98%-10.52%-7.42%-8.78%-572 bps
Deposit Growth (YoY)-4.63%-3.63%-7.45%-3.27%-4.74%-11 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.02%-2.46%0.00%0.00%0 bps
Allowance / Loans2.74%2.74%3.55%3.74%3.63%+89 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 Capital10.40%10.65%10.52%10.22%12.46%+205 bps
Equity / Assets3.76%3.73%3.38%4.06%4.73%+96 bps
Liquidity & Funding
Loans / Deposits44.89%46.94%40.91%39.69%42.99%-190 bps
Liquid Assets / Assets6.03%3.07%3.77%3.80%3.95%-207 bps
CRE / Total Capitaln/an/an/an/an/an/an/a