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State Bank of Chester

Chester, NE · Cert 16881

FDIC

Q4 2013

$28.0MAssets
$21.2MLoans
$25.3MDeposits
$2.2MEquity
Loan mix
63%RE $5.5M31%C&I $2.7M6%Consumer $0.5MQ4 2012Q4 2013
Deposit mix
86%Interest-bearing $21.9M14%Noninterest $3.4MQ4 2012Q4 2013

NIM

4.72%Q4 ’113.99%Q4 ’123.81%Q4 ’13-13%-1%

Non-interest income vs. expense

2.30%Q4 ’112.01%Q4 ’122.38%Q4 ’13-13%+24%

Executive Summary

  • Earnings: ROA of 0.68%, down 54 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 83.62% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.68%-54 bps YoY

Net Interest Margin (YTD, annualized)

2.86%-3 bps YoY

Efficiency Ratio (YTD, annualized)

77.44%+1,385 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets1.22%1.13%1.27%1.36%0.68%-54 bps
Return on Equity12.30%12.29%13.68%14.52%7.45%-485 bps
Net Interest Margin2.90%2.49%2.72%2.94%2.86%-3 bps
Efficiency Ratio63.60%58.16%55.98%55.64%77.44%+1,385 bps
Non-Interest Burden1.74%1.35%1.42%1.54%2.17%+42 bps
Growth
Asset Growth (YoY)18.00%11.86%9.01%9.75%0.47%-1,753 bps
Loan Growth (YoY)4.12%11.47%8.48%9.28%26.25%+2,213 bps
Deposit Growth (YoY)19.97%12.60%9.39%7.41%0.62%-1,935 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.03%-0.02%-0.02%-0.02%-2 bps
Allowance / Loans0.97%1.02%0.91%0.83%0.78%-19 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 Capital14.35%14.73%14.00%13.33%10.64%-371 bps
Equity / Assets9.33%9.11%9.53%9.49%8.00%-133 bps
Liquidity & Funding
Loans / Deposits66.64%61.60%72.39%78.64%83.62%+1,698 bps
Liquid Assets / Assets34.49%38.79%30.07%27.39%21.50%-1,300 bps
CRE / Total Capitaln/an/an/an/an/an/an/a