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Sheridan State Bank

Sheridan, IL · Cert 16569

FDIC · 1 branch

Q4 2015

$30.7MAssets
$18.3MLoans
$26.8MDeposits
$3.9MEquity
Loan mix
81%RE $12.5M7%C&I $1.1M12%Consumer $1.8MQ4 2014Q4 2015
Deposit mix
76%Interest-bearing $20.4M24%Noninterest $6.4MQ4 2014Q4 2015

NIM

2.91%Q4 ’132.94%Q4 ’142.96%Q4 ’15+2%+4%

Non-interest income vs. expense

1.99%Q4 ’132.00%Q4 ’142.21%Q4 ’15+0%+7%

Executive Summary

  • Earnings: ROA of 0.68%, down 2 bps year over year; NIM at 2.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.41%.
  • Funding: loans stand at 68.29% of deposits as of Q4 2015.

Financial Results

Return on Assets (quarter, annualized)

0.68%-2 bps YoY

Net Interest Margin (quarter, annualized)

2.88%+10 bps YoY

Efficiency Ratio (quarter, annualized)

68.83%+430 bps YoY

Tier 1 Leverage Ratio

10.41%

Discrete quarter, annualized.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015YoY ΔTrend
Earnings
Return on Assets0.70%0.64%0.60%0.71%0.68%-2 bps
Return on Equity5.64%5.28%4.92%5.61%5.35%-29 bps
Net Interest Margin2.78%2.60%2.74%2.81%2.88%+10 bps
Efficiency Ratio64.53%65.63%71.15%66.13%68.83%+430 bps
Non-Interest Burden1.68%1.58%1.74%1.66%1.80%+12 bps
Growth
Asset Growth (YoY)2.75%7.42%2.63%-1.15%1.91%-84 bps
Loan Growth (YoY)0.07%2.02%1.80%2.25%2.70%+263 bps
Deposit Growth (YoY)2.72%8.07%2.66%-1.81%1.81%-92 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.07%0.00%0 bps
Allowance / Loans0.96%0.99%0.99%0.98%0.95%-1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/a9.71%10.03%10.20%10.41%n/a
Total Risk-Based Capital18.99%19.19%19.40%20.54%20.23%+124 bps
Equity / Assets12.53%11.92%12.39%12.81%12.70%+17 bps
Liquidity & Funding
Loans / Deposits67.70%61.84%64.87%67.22%68.29%+60 bps
Liquid Assets / Assets29.12%33.71%31.00%31.75%31.14%+202 bps
CRE / Total Capitaln/an/an/an/an/an/an/a