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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

4.21%Q4 ’083.63%Q4 ’093.97%Q4 ’10-1%+56%

Non-interest income vs. expense

2.24%Q4 ’083.74%Q4 ’093.02%Q4 ’10+74%-27%

Executive Summary

  • Earnings: ROA of 0.47%, up 205 bps year over year; NIM at 3.02%.
  • 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 (quarter, annualized)

0.47%+205 bps YoY

Net Interest Margin (quarter, annualized)

3.02%+108 bps YoY

Efficiency Ratio (quarter, annualized)

86.71%-8,541 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-1.58%0.61%0.09%0.04%0.47%+205 bps
Return on Equity-13.53%5.29%0.72%0.36%3.78%+1,731 bps
Net Interest Margin1.94%2.89%2.55%2.49%3.02%+108 bps
Efficiency Ratio172.12%82.31%96.88%98.35%86.71%-8,541 bps
Non-Interest Burden3.51%2.34%2.47%2.44%2.56%-94 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 / Loans0.07%0.00%0.00%0.00%0.00%-7 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