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First State Bank of Joplin

Joplin, MO · Cert 1652

FDIC

Q3 2012

$172.5MAssets
$82.4MLoans
$148.4MDeposits
$22.1MEquity
Loan mix
76%RE $49.9M19%C&I $12.3M5%Consumer $3.2MQ3 2011Q3 2012
Deposit mix
78%Interest-bearing $115.9M22%Noninterest $32.5MQ3 2011Q3 2012

NIM

4.55%Q3 ’103.68%Q3 ’113.53%Q3 ’12-15%-3%

Non-interest income vs. expense

3.17%Q3 ’102.69%Q3 ’113.01%Q3 ’12-27%+14%

Executive Summary

  • Earnings: ROA of 1.50%, down 16 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 55.51% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

1.50%-16 bps YoY

Net Interest Margin (quarter, annualized)

3.28%-10 bps YoY

Efficiency Ratio (quarter, annualized)

71.71%+813 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets1.66%1.61%1.45%1.85%1.50%-16 bps
Return on Equity15.79%14.58%12.79%15.79%12.06%-372 bps
Net Interest Margin3.38%3.35%3.33%3.35%3.28%-10 bps
Efficiency Ratio63.58%64.51%70.03%72.12%71.71%+813 bps
Non-Interest Burden1.84%1.75%2.07%2.16%2.09%+25 bps
Growth
Asset Growth (YoY)15.94%8.28%12.99%-8.25%-11.80%-2,773 bps
Loan Growth (YoY)-17.67%-14.37%-8.45%-6.79%-3.75%+1,393 bps
Deposit Growth (YoY)18.82%9.19%14.68%-9.08%-12.56%-3,138 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.17%0.00%0.01%0.00%+2 bps
Allowance / Loans3.11%3.10%3.08%3.05%3.11%0 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 Capital17.79%22.23%22.58%23.36%24.75%+695 bps
Equity / Assets10.87%11.27%11.37%12.11%12.80%+193 bps
Liquidity & Funding
Loans / Deposits50.43%52.75%52.24%55.99%55.51%+508 bps
Liquid Assets / Assets11.84%6.98%8.76%6.48%6.39%-546 bps
CRE / Total Capitaln/an/an/an/an/an/an/a