PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

La Farge State Bank

La Farge, WI · Cert 15127

FDIC · 2 branches

Q2 2014

$47.2MAssets
$19.5MLoans
$33.8MDeposits
$13.3MEquity
Loan mix
65%RE $9.1M29%C&I $4.1M6%Consumer $0.8MQ2 2013Q2 2014
Deposit mix
85%Interest-bearing $28.8M15%Noninterest $5.0MQ2 2013Q2 2014

NIM

4.21%Q2 ’123.79%Q2 ’133.59%Q2 ’14-8%-4%

Non-interest income vs. expense

1.28%Q2 ’121.43%Q2 ’131.17%Q2 ’14-18%+5%

Executive Summary

  • Earnings: ROA of 1.77%, down 15 bps year over year; NIM at 3.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 6.71%.
  • Funding: loans stand at 57.78% of deposits as of Q2 2014.

Financial Results

Return on Assets (quarter, annualized)

1.77%-15 bps YoY

Net Interest Margin (quarter, annualized)

3.32%-14 bps YoY

Efficiency Ratio (quarter, annualized)

32.78%-287 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2013Q3 2013Q4 2013Q1 2014Q2 2014YoY ΔTrend
Earnings
Return on Assets1.92%1.36%1.93%1.38%1.77%-15 bps
Return on Equity7.35%5.12%7.16%5.03%6.31%-103 bps
Net Interest Margin3.46%3.95%3.45%3.33%3.32%-14 bps
Efficiency Ratio35.65%34.27%39.50%44.03%32.78%-287 bps
Non-Interest Burden0.87%1.20%1.23%1.33%0.92%+5 bps
Growth
Asset Growth (YoY)-8.70%-8.41%-0.74%-1.82%0.02%+872 bps
Loan Growth (YoY)-0.04%-8.53%-14.05%-10.51%-22.04%-2,199 bps
Deposit Growth (YoY)-1.01%2.92%-1.27%-4.76%-0.91%+9 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.69%0.00%6.71%+671 bps
Allowance / Loans1.43%1.93%1.90%1.93%0.42%-100 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 Capital41.17%43.62%45.52%46.56%49.56%+839 bps
Equity / Assets26.65%26.57%27.29%27.65%28.27%+162 bps
Liquidity & Funding
Loans / Deposits73.44%65.94%62.88%62.13%57.78%-1,566 bps
Liquid Assets / Assets43.61%45.54%50.71%49.96%54.69%+1,108 bps
CRE / Total Capitaln/an/an/an/an/an/an/a