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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

4.64%Q4 ’114.16%Q4 ’123.85%Q4 ’13-6%-6%

Non-interest income vs. expense

3.40%Q4 ’113.03%Q4 ’124.41%Q4 ’13-11%+50%

Executive Summary

  • Earnings: ROA of -1.37%, down 162 bps year over year; NIM at 2.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Funding: loans stand at 83.62% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

-1.37%-162 bps YoY

Net Interest Margin (quarter, annualized)

2.90%-19 bps YoY

Efficiency Ratio (quarter, annualized)

141.59%+5,057 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.25%1.13%1.40%1.54%-1.37%-162 bps
Return on Equity2.62%12.29%15.08%16.24%-15.63%-1,825 bps
Net Interest Margin3.08%2.49%2.92%3.32%2.90%-19 bps
Efficiency Ratio91.03%58.16%54.05%55.06%141.59%+5,057 bps
Non-Interest Burden2.78%1.35%1.49%1.74%4.19%+141 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 / Loans-0.02%-0.03%-0.02%-0.02%-0.04%-1 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