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Miners State Bank of Frontenac, The

Frontenac, KS · Cert 15099

FDIC

Q1 2008

$32.9MAssets
$13.3MLoans
$30.0MDeposits
$2.7MEquity
Deposit mix
79%Interest-bearing $23.9M21%Noninterest $6.2MQ1 2007Q1 2008

NIM

4.46%Q1 ’064.92%Q1 ’074.64%Q1 ’08+5%-5%

Non-interest income vs. expense

1.54%Q1 ’061.60%Q1 ’072.20%Q1 ’08+7%+52%

Executive Summary

  • Earnings: ROA of 0.92%, down 134 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 44.17% of deposits as of Q1 2008.

Financial Results

Return on Assets (quarter, annualized)

0.92%-134 bps YoY

Net Interest Margin (quarter, annualized)

3.35%-18 bps YoY

Efficiency Ratio (quarter, annualized)

59.78%+1,883 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets2.26%2.51%2.55%2.09%0.92%-134 bps
Return on Equity7.90%8.78%8.53%6.86%4.54%-336 bps
Net Interest Margin3.54%3.73%3.77%3.86%3.35%-18 bps
Efficiency Ratio40.95%35.52%36.98%51.43%59.78%+1,883 bps
Non-Interest Burden1.23%1.07%1.13%1.80%1.88%+64 bps
Growth
Asset Growth (YoY)-4.06%-3.46%-6.20%-1.34%-19.84%-1,578 bps
Loan Growth (YoY)-6.92%-11.98%-11.57%-3.89%-9.10%-219 bps
Deposit Growth (YoY)-3.70%-2.83%-6.48%-2.92%1.87%+558 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.20%0.00%0.03%0.00%0 bps
Allowance / Loans0.55%0.61%0.60%0.57%0.60%+5 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 Capital59.03%64.58%68.56%75.34%19.84%-3,919 bps
Equity / Assets27.98%29.29%30.38%30.40%8.30%-1,969 bps
Liquidity & Funding
Loans / Deposits49.50%51.27%53.78%51.44%44.17%-533 bps
Liquid Assets / Assets14.48%12.49%9.46%4.50%4.13%-1,036 bps
CRE / Total Capitaln/an/an/an/an/an/an/a