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Ackley State Bank

Ackley, IA · Cert 14936

FDIC · 6 branches

Q4 2015

$147.4MAssets
$101.8MLoans
$108.1MDeposits
$19.1MEquity
Loan mix
70%RE $49.2M27%C&I $19.0M3%Consumer $2.3MQ4 2014Q4 2015
Deposit mix
81%Interest-bearing $87.9M19%Noninterest $20.2MQ4 2014Q4 2015

NIM

3.72%Q4 ’133.80%Q4 ’143.88%Q4 ’15+5%+5%

Non-interest income vs. expense

3.19%Q4 ’133.21%Q4 ’143.00%Q4 ’15+5%-2%

Market Position · Ames, IA · 2015 SOD (annual) · 1.3% share · #15 of 19 inst. · $0.0B of $2.2B

11.0% Hardin
1.3% Story
1.5% Franklin

Executive Summary

  • Earnings: ROA of 1.41%, up 13 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.27%.
  • Capital: tier 1 leverage ratio of 11.15%.
  • Funding: loans stand at 94.15% of deposits as of Q4 2015.

Financial Results

Return on Assets (YTD, annualized)

1.41%+13 bps YoY

Net Interest Margin (YTD, annualized)

3.38%+16 bps YoY

Efficiency Ratio (YTD, annualized)

65.57%-353 bps YoY

Tier 1 Leverage Ratio

11.15%

Year to date, annualized, through each quarter.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015YoY ΔTrend
Earnings
Return on Assets1.28%0.95%1.08%1.20%1.41%+13 bps
Return on Equity11.24%7.83%8.87%9.73%11.38%+14 bps
Net Interest Margin3.22%3.08%3.26%3.31%3.38%+16 bps
Efficiency Ratio69.10%73.19%70.93%69.59%65.57%-353 bps
Non-Interest Burden1.86%2.02%2.02%1.99%1.83%-3 bps
Growth
Asset Growth (YoY)3.10%1.31%0.94%1.17%-3.52%-662 bps
Loan Growth (YoY)5.23%3.00%7.50%9.11%2.72%-250 bps
Deposit Growth (YoY)2.40%-0.90%-5.35%-5.73%-9.73%-1,213 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.00%0.00%-0.36%-0.27%-49 bps
Allowance / Loans1.06%1.10%1.07%1.35%1.34%+28 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/a10.75%10.60%10.74%11.15%n/a
Total Risk-Based Capital12.09%13.34%12.04%12.60%12.91%+82 bps
Equity / Assets11.90%12.40%12.15%12.75%12.95%+104 bps
Liquidity & Funding
Loans / Deposits82.74%83.97%90.01%95.77%94.15%+1,142 bps
Liquid Assets / Assets4.30%2.70%2.67%2.17%2.16%-214 bps
CRE / Total Capitaln/an/an/an/an/an/an/a