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Security State Bank

Independence, IA · Cert 15851

FDIC · 3 branches

Q4 2017

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2017, the quarter ended December 31, 2017, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Security State Bank

Independence, IA · Cert 15851

FDIC · 3 branches

Q4 2017

$111.6MAssets
$54.3MLoans
$85.4MDeposits
$13.8MEquity
Loan mix
87%RE $29.9M11%C&I $3.8M2%Consumer $0.7MQ4 2016Q4 2017
Deposit mix
67%Interest-bearing $57.3M33%Noninterest $28.2MQ4 2016Q4 2017

NIM

3.40%Q4 ’153.24%Q4 ’163.25%Q4 ’17-5%-2%

Non-interest income vs. expense

2.41%Q4 ’152.41%Q4 ’162.34%Q4 ’17+1%-4%

Market Position · Cedar Rapids, IA · 2017 SOD (annual) · 0.2% share · #38 of 40 inst. · $0.0B of $5.8B

11.3% Buchanan
4.7% Tama
1.6% Benton

Executive Summary

  • Earnings: ROA of 0.90%, down 8 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.60%, up 30 bps from a year ago.
  • Funding: loans stand at 63.58% of deposits as of Q4 2017.

Financial Results

Return on Assets (YTD, annualized)

0.90%-8 bps YoY

Net Interest Margin (YTD, annualized)

2.86%-6 bps YoY

Efficiency Ratio (YTD, annualized)

64.94%-81 bps YoY

Tier 1 Leverage Ratio

12.60%+30 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2016Q1 2017Q2 2017Q3 2017Q4 2017YoY ΔTrend
Earnings
Return on Assets0.98%0.94%0.99%0.99%0.90%-8 bps
Return on Equity7.78%7.76%8.05%7.95%7.27%-51 bps
Net Interest Margin2.91%2.93%2.91%2.88%2.86%-6 bps
Efficiency Ratio65.75%67.07%64.81%64.51%64.94%-81 bps
Non-Interest Burden1.65%1.69%1.60%1.58%1.59%-6 bps
Growth
Asset Growth (YoY)5.30%3.11%2.87%4.98%0.56%-474 bps
Loan Growth (YoY)14.70%10.64%8.43%8.38%1.57%-1,313 bps
Deposit Growth (YoY)-1.10%1.96%-1.47%-1.33%4.49%+559 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%-0.01%0.00%0.00%0.00%-3 bps
Allowance / Loans1.93%2.04%2.09%2.01%1.90%-3 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio12.30%12.22%12.42%12.56%12.60%+30 bps
Total Risk-Based Capital20.66%21.34%22.13%22.20%21.33%+67 bps
Equity / Assets11.94%12.31%12.78%12.85%12.36%+42 bps
Liquidity & Funding
Loans / Deposits65.40%60.55%60.91%63.92%63.58%-182 bps
Liquid Assets / Assets4.02%4.15%4.14%4.10%4.00%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a