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Security State Bank of Sebeka

Sebeka, MN · Cert 16764

FDIC

Q4 2005

$24.5MAssets
$11.8MLoans
$20.8MDeposits
$3.7MEquity
Deposit mix
83%Interest-bearing $17.2M17%Noninterest $3.5MQ4 2004Q4 2005

NIM

4.76%Q4 ’034.64%Q4 ’042.15%Q4 ’05+3%-55%

Non-interest income vs. expense

2.98%Q4 ’033.21%Q4 ’041.30%Q4 ’05+6%-57%

Executive Summary

  • Earnings: ROA of 0.37%, unchanged from a year ago; NIM at 1.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.37%.
  • Funding: loans stand at 56.64% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

0.37%0 bps YoY

Net Interest Margin (YTD, annualized)

1.52%-189 bps YoY

Efficiency Ratio (YTD, annualized)

67.87%-1,147 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets0.36%2.29%1.88%0.20%0.37%0 bps
Return on Equity4.05%25.09%20.28%1.87%3.12%-92 bps
Net Interest Margin3.41%4.34%4.04%0.91%1.52%-189 bps
Efficiency Ratio79.34%55.07%64.68%63.19%67.87%-1,147 bps
Non-Interest Burden2.57%2.19%2.47%0.62%1.10%-147 bps
Growth
Asset Growth (YoY)-5.11%-5.56%-2.53%2.59%1.69%+681 bps
Loan Growth (YoY)-0.63%0.23%-4.10%-2.91%-9.24%-862 bps
Deposit Growth (YoY)-5.01%-5.22%-3.38%-4.62%-5.01%0 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.26%-3.54%-2.35%-1.67%-0.37%-63 bps
Allowance / Loans1.94%2.81%2.83%3.27%2.65%+72 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 Capital18.50%19.81%19.91%17.81%19.48%+98 bps
Equity / Assets8.87%9.41%9.53%15.51%15.01%+614 bps
Liquidity & Funding
Loans / Deposits59.28%60.85%59.37%58.66%56.64%-264 bps
Liquid Assets / Assets10.47%10.20%9.80%11.64%1.62%-885 bps
CRE / Total Capitaln/an/an/an/an/an/an/a