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Security State Bank

Guttenberg, IA · Cert 15914

FDIC

Q2 2011

$91.0MAssets
$46.5MLoans
$76.0MDeposits
$12.4MEquity
Loan mix
70%RE $22.1M19%C&I $6.0M11%Consumer $3.4MQ2 2010Q2 2011
Deposit mix
89%Interest-bearing $67.6M11%Noninterest $8.4MQ2 2010Q2 2011

NIM

4.47%Q2 ’094.41%Q2 ’104.30%Q2 ’11+15%+2%

Non-interest income vs. expense

1.80%Q2 ’091.60%Q2 ’101.64%Q2 ’11-14%-1%

Executive Summary

  • Earnings: ROA of 1.48%, up 15 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 0.07%.
  • Funding: loans stand at 61.13% of deposits as of Q2 2011.

Financial Results

Return on Assets (YTD, annualized)

1.48%+15 bps YoY

Net Interest Margin (YTD, annualized)

3.06%+7 bps YoY

Efficiency Ratio (YTD, annualized)

49.11%-67 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets1.33%1.43%1.47%1.40%1.48%+15 bps
Return on Equity9.59%10.26%10.74%10.90%11.30%+172 bps
Net Interest Margin2.99%3.05%3.00%3.01%3.06%+7 bps
Efficiency Ratio49.79%49.45%48.05%49.39%49.11%-67 bps
Non-Interest Burden1.37%1.39%1.30%1.36%1.36%-1 bps
Growth
Asset Growth (YoY)1.76%3.56%4.62%2.85%3.94%+218 bps
Loan Growth (YoY)5.85%5.90%-0.67%0.38%-0.83%-668 bps
Deposit Growth (YoY)1.66%3.90%7.13%6.09%5.43%+377 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.07%0.45%0.15%0.07%+3 bps
Allowance / Loans1.40%1.34%1.22%1.22%1.29%-11 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 Capital15.37%14.69%14.64%14.48%15.04%-33 bps
Equity / Assets13.98%13.92%12.72%13.00%13.58%-40 bps
Liquidity & Funding
Loans / Deposits64.99%69.57%60.58%62.14%61.13%-386 bps
Liquid Assets / Assets1.68%2.84%2.74%2.45%3.22%+154 bps
CRE / Total Capitaln/an/an/an/an/an/an/a