PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Erie State Bank

Erie, IL · Cert 16232

FDIC

Q4 2010

$18.3MAssets
$12.7MLoans
$16.0MDeposits
$2.2MEquity
Deposit mix
88%Interest-bearing $14.0M12%Noninterest $2.0MQ4 2009Q4 2010

NIM

4.59%Q4 ’083.60%Q4 ’094.10%Q4 ’10-23%+71%

Non-interest income vs. expense

2.25%Q4 ’082.72%Q4 ’092.77%Q4 ’10+22%+1%

Executive Summary

  • Earnings: ROA of 0.30%, up 116 bps year over year; NIM at 2.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 79.68% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

0.30%+116 bps YoY

Net Interest Margin (YTD, annualized)

2.81%+117 bps YoY

Efficiency Ratio (YTD, annualized)

90.43%-5,579 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-0.85%0.61%0.35%0.25%0.30%+116 bps
Return on Equity-7.26%5.29%3.00%2.12%2.53%+979 bps
Net Interest Margin1.64%2.89%2.71%2.68%2.81%+117 bps
Efficiency Ratio146.22%82.31%89.09%91.92%90.43%-5,579 bps
Non-Interest Burden2.50%2.34%2.40%2.45%2.52%+1 bps
Growth
Asset Growth (YoY)-2.89%-5.02%-4.96%-7.55%-3.43%-54 bps
Loan Growth (YoY)20.85%21.45%20.91%38.08%3.64%-1,720 bps
Deposit Growth (YoY)-2.40%-5.29%-5.50%-2.38%1.94%+434 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.00%0.00%0.00%0.00%-2 bps
Allowance / Loans1.30%1.35%1.47%1.36%1.26%-5 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 Capital22.21%23.47%25.28%23.68%23.28%+107 bps
Equity / Assets11.52%11.66%11.92%12.62%12.23%+72 bps
Liquidity & Funding
Loans / Deposits78.38%75.51%71.22%76.90%79.68%+131 bps
Liquid Assets / Assets26.18%30.04%36.87%25.43%26.01%-18 bps
CRE / Total Capitaln/an/an/an/an/an/an/a