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Platte Valley State Bank and Trust Company

Kearney, NE · Cert 16112

FDIC

Q4 2013

$440.6MAssets
$296.0MLoans
$322.1MDeposits
$33.9MEquity
Loan mix
66%RE $116.5M28%C&I $50.2M6%Consumer $11.0MQ4 2012Q4 2013
Deposit mix
78%Interest-bearing $252.2M22%Noninterest $69.9MQ4 2012Q4 2013

NIM

4.08%Q4 ’113.50%Q4 ’123.37%Q4 ’13-12%-3%

Non-interest income vs. expense

3.46%Q4 ’113.51%Q4 ’122.75%Q4 ’13+7%-9%

Executive Summary

  • Earnings: ROA of 0.67%, up 10 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.13%.
  • Funding: loans stand at 91.89% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

0.67%+10 bps YoY

Net Interest Margin (quarter, annualized)

3.14%-10 bps YoY

Efficiency Ratio (quarter, annualized)

71.76%-658 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.57%0.82%0.53%0.74%0.67%+10 bps
Return on Equity6.35%9.92%6.76%9.12%8.44%+209 bps
Net Interest Margin3.24%3.09%2.88%3.02%3.14%-10 bps
Efficiency Ratio78.34%69.92%78.72%69.17%71.76%-658 bps
Non-Interest Burden2.27%1.86%2.12%1.84%2.06%-20 bps
Growth
Asset Growth (YoY)3.79%3.28%4.64%1.89%5.16%+138 bps
Loan Growth (YoY)-8.77%-1.08%6.34%8.77%17.10%+2,588 bps
Deposit Growth (YoY)5.70%4.25%3.66%3.45%-2.43%-813 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%0.04%-0.13%-0.04%-0.13%-27 bps
Allowance / Loans1.01%0.95%0.92%0.88%0.92%-9 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 Capital14.01%13.72%13.06%12.62%12.26%-175 bps
Equity / Assets8.75%7.77%7.92%8.22%7.68%-106 bps
Liquidity & Funding
Loans / Deposits76.56%74.69%83.22%89.86%91.89%+1,533 bps
Liquid Assets / Assets5.44%7.11%5.96%2.61%4.39%-106 bps
CRE / Total Capitaln/an/an/an/an/an/an/a