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State Bank of Lawler

New Hampton, IA · Cert 15736

FDIC

Q4 2010

$206.1MAssets
$130.0MLoans
$188.0MDeposits
$16.4MEquity
Loan mix
67%RE $48.1M33%C&I $23.5M0%Consumer $0.3MQ4 2009Q4 2010
Deposit mix
89%Interest-bearing $166.8M11%Noninterest $21.2MQ4 2009Q4 2010

NIM

5.38%Q4 ’084.71%Q4 ’094.76%Q4 ’10-5%+19%

Non-interest income vs. expense

1.82%Q4 ’081.75%Q4 ’091.89%Q4 ’10-2%+16%

Executive Summary

  • Earnings: ROA of 0.75%, up 132 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.55%.
  • Funding: loans stand at 69.14% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

0.75%+132 bps YoY

Net Interest Margin (quarter, annualized)

3.34%+53 bps YoY

Efficiency Ratio (quarter, annualized)

52.36%-301 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-0.57%1.13%1.31%1.20%0.75%+132 bps
Return on Equity-7.41%14.56%16.26%14.28%9.09%+1,651 bps
Net Interest Margin2.81%3.03%3.14%3.22%3.34%+53 bps
Efficiency Ratio55.37%51.18%50.28%52.29%52.36%-301 bps
Non-Interest Burden1.40%1.40%1.40%1.61%1.62%+22 bps
Growth
Asset Growth (YoY)1.61%1.61%2.31%1.78%2.28%+67 bps
Loan Growth (YoY)-2.08%-0.60%-1.06%-1.98%-1.18%+90 bps
Deposit Growth (YoY)1.32%1.43%1.73%0.88%1.70%+37 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.37%0.15%0.20%0.38%0.55%-282 bps
Allowance / Loans1.20%1.23%1.33%1.33%1.33%+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 Capital11.10%11.72%12.41%12.60%12.52%+142 bps
Equity / Assets7.56%7.94%8.21%8.59%7.96%+41 bps
Liquidity & Funding
Loans / Deposits71.15%74.35%72.84%72.83%69.14%-201 bps
Liquid Assets / Assets6.76%6.32%6.35%6.78%5.96%-80 bps
CRE / Total Capitaln/an/an/an/an/an/an/a