Ruthven State Bank

Ruthven, IA · Cert 15831

FDIC

Q3 2001

$32.4MAssets

$19.1MLoans

$26.8MDeposits

$4.8MEquity

Deposit mix

Executive Summary

Earnings: ROA of 1.13%, down 57 bps year over year; NIM at 3.06%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
Funding: loans stand at 71.02% of deposits as of Q3 2001.

Return on Assets (YTD, annualized)

1.13%-57 bps YoY

Net Interest Margin (YTD, annualized)

3.06%

Efficiency Ratio (YTD, annualized)

53.03%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	1.38%	1.62%	1.68%	1.70%	-0.23%	1.22%	1.11%	1.13%	-57 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	3.03%	3.03%	3.06%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	52.28%	54.10%	53.03%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	1.32%	1.39%	1.36%	n/a
Growth
Asset Growth (YoY)	-4.28%	-3.14%	-1.77%	4.28%	2.00%	4.76%	4.88%	2.37%	-191 bps
Loan Growth (YoY)	12.04%	4.97%	3.40%	4.15%	5.98%	13.00%	21.55%	18.21%	+1,405 bps
Deposit Growth (YoY)	-5.00%	-4.18%	0.07%	3.92%	8.99%	12.50%	11.05%	11.55%	+763 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	0.02%	0.00%	0.00%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.87%	1.67%	1.62%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	13.30%	12.45%	12.72%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	14.63%	14.44%	14.88%	n/a
Liquidity & Funding
Loans / Deposits	61.46%	61.01%	64.31%	67.03%	59.76%	61.28%	70.40%	71.02%	+400 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.03%	+3 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a