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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 ’045.02%Q4 ’05+0%+3%

Non-interest income vs. expense

3.36%Q4 ’034.29%Q4 ’043.18%Q4 ’05+27%-28%

Executive Summary

  • Earnings: ROA of 0.84%, up 232 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.84%.
  • Funding: loans stand at 56.64% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

0.84%+232 bps YoY

Net Interest Margin (quarter, annualized)

3.51%+9 bps YoY

Efficiency Ratio (quarter, annualized)

71.15%-3,608 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets-1.48%2.29%1.49%-3.03%0.84%+232 bps
Return on Equity-16.39%25.09%15.75%-24.13%5.48%+2,187 bps
Net Interest Margin3.42%4.34%3.65%-5.38%3.51%+9 bps
Efficiency Ratio107.23%55.07%76.45%71.43%71.15%-3,608 bps
Non-Interest Burden3.71%2.19%2.71%-3.10%2.66%-106 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 / Loans1.05%-3.54%-1.20%-0.10%3.84%+279 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