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Letter portraitLegal landscapeQuarterYTD

Security State Bank of Hamilton

Hamilton, IL · Cert 16712

FDIC

Q3 2006

$46.3MAssets
$36.0MLoans
$35.9MDeposits
$4.2MEquity
Loan mix
76%RE $19.3M24%C&I $6.0M0%Consumer $0.0MQ3 2005Q3 2006
Deposit mix
89%Interest-bearing $32.0M11%Noninterest $3.9MQ3 2005Q3 2006

NIM

5.41%Q3 ’045.66%Q3 ’056.33%Q3 ’06+1%-2%

Non-interest income vs. expense

2.69%Q3 ’042.78%Q3 ’052.61%Q3 ’06+11%-20%

Executive Summary

  • Earnings: ROA of 1.13%, up 17 bps year over year; NIM at 3.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 100.20% of deposits as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

1.13%+17 bps YoY

Net Interest Margin (YTD, annualized)

3.79%-9 bps YoY

Efficiency Ratio (YTD, annualized)

58.12%-685 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.96%1.07%1.13%1.13%1.13%+17 bps
Return on Equity12.41%13.84%13.95%13.61%13.29%+88 bps
Net Interest Margin3.88%4.00%3.75%3.76%3.79%-9 bps
Efficiency Ratio64.97%61.70%57.44%57.76%58.12%-685 bps
Non-Interest Burden2.38%2.27%1.88%1.88%1.91%-47 bps
Growth
Asset Growth (YoY)1.10%0.49%1.17%-4.92%-4.34%-544 bps
Loan Growth (YoY)-0.97%2.70%-0.24%-0.05%-0.69%+28 bps
Deposit Growth (YoY)3.18%-0.45%2.73%-5.18%-6.51%-969 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.24%0.25%0.00%0.09%0.07%-17 bps
Allowance / Loans0.82%0.75%0.80%0.80%0.86%+4 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 Capital12.37%12.21%12.62%13.20%14.60%+223 bps
Equity / Assets7.59%7.95%8.24%8.70%9.07%+148 bps
Liquidity & Funding
Loans / Deposits94.32%101.74%96.68%100.99%100.20%+588 bps
Liquid Assets / Assets2.07%1.94%1.83%1.76%1.64%-43 bps
CRE / Total Capitaln/an/an/an/an/an/an/a