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First State Bank, The

Arma, KS · Cert 16678

FDIC

Q3 2010

$9.1MAssets
$4.2MLoans
$8.0MDeposits
$909KEquity
Deposit mix
67%Interest-bearing $5.3M33%Noninterest $2.6MQ3 2009Q3 2010

NIM

5.07%Q3 ’084.24%Q3 ’093.91%Q3 ’10-14%-3%

Non-interest income vs. expense

4.66%Q3 ’084.36%Q3 ’095.06%Q3 ’10-7%+19%

Executive Summary

  • Earnings: ROA of -0.76%, down 76 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.38%.
  • Funding: loans stand at 52.39% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

-0.76%-76 bps YoY

Net Interest Margin (quarter, annualized)

3.54%-9 bps YoY

Efficiency Ratio (quarter, annualized)

118.27%+1,827 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets0.00%-1.54%-0.61%-0.41%-0.76%-76 bps
Return on Equity0.00%-15.60%-6.53%-4.37%-7.87%-787 bps
Net Interest Margin3.63%3.50%3.15%3.44%3.54%-9 bps
Efficiency Ratio100.00%154.90%115.79%110.00%118.27%+1,827 bps
Non-Interest Burden3.63%5.71%3.74%3.86%4.32%+69 bps
Growth
Asset Growth (YoY)-0.38%1.21%0.04%6.70%-3.75%-337 bps
Loan Growth (YoY)-1.38%-5.32%-10.54%-8.41%-10.33%-895 bps
Deposit Growth (YoY)-0.47%2.16%0.91%8.20%-3.51%-304 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.26%0.00%0.00%0.00%0.38%+13 bps
Allowance / Loans0.62%0.65%0.70%0.68%0.60%-2 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 Capital16.99%16.60%17.61%17.31%19.01%+203 bps
Equity / Assets10.30%9.42%9.20%9.41%10.02%-28 bps
Liquidity & Funding
Loans / Deposits56.38%50.80%47.44%49.53%52.39%-399 bps
Liquid Assets / Assets11.14%12.71%12.64%13.80%14.88%+374 bps
CRE / Total Capitaln/an/an/an/an/an/an/a