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First Ridge Farm State Bank

Ridge Farm, IL · Cert 16315

FDIC

Q3 2003

$26.4MAssets
$18.3MLoans
$19.5MDeposits
$3.1MEquity
Deposit mix
92%Interest-bearing $18.1M8%Noninterest $1.5MQ3 2002Q3 2003

NIM

6.66%Q3 ’016.19%Q3 ’025.67%Q3 ’03+28%+0%

Non-interest income vs. expense

2.19%Q3 ’012.63%Q3 ’022.20%Q3 ’03-27%+44%

Executive Summary

  • Earnings: ROA of 1.70%, down 20 bps year over year; NIM at 4.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.09%.
  • Funding: loans stand at 93.85% of deposits as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

1.70%-20 bps YoY

Net Interest Margin (quarter, annualized)

4.02%+2 bps YoY

Efficiency Ratio (quarter, annualized)

49.31%+72 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.91%1.39%1.14%1.61%1.70%-20 bps
Return on Equity15.70%10.97%8.96%12.86%14.18%-152 bps
Net Interest Margin4.00%3.81%3.45%3.73%4.02%+2 bps
Efficiency Ratio48.59%61.11%68.20%51.16%49.31%+72 bps
Non-Interest Burden1.22%2.12%2.16%1.62%1.76%+54 bps
Growth
Asset Growth (YoY)-10.67%-10.05%-2.66%4.98%14.90%+2,556 bps
Loan Growth (YoY)-0.82%-0.67%4.77%21.81%37.31%+3,813 bps
Deposit Growth (YoY)-16.41%-12.83%-1.50%-1.17%2.71%+1,913 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%-0.03%-0.06%0.07%1.09%+103 bps
Allowance / Loans2.06%2.08%1.98%1.68%1.22%-84 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 Capital17.42%17.53%17.35%15.94%15.18%-225 bps
Equity / Assets12.67%12.62%12.74%12.37%11.70%-98 bps
Liquidity & Funding
Loans / Deposits70.20%66.76%69.79%81.19%93.85%+2,364 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a