PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Stebbins National Bank

Creston, OH · Cert 17338

FDIC

Q1 2004

$28.2MAssets
$12.6MLoans
$24.9MDeposits
$3.3MEquity
Loan mix
84%RE $7.3M16%C&I $1.3M1%Consumer $0.0MQ1 2003Q1 2004
Deposit mix
83%Interest-bearing $20.6M17%Noninterest $4.3MQ1 2003Q1 2004

NIM

5.71%Q1 ’024.59%Q1 ’034.05%Q1 ’04-13%-3%

Non-interest income vs. expense

6.50%Q1 ’023.81%Q1 ’034.06%Q1 ’04-43%+5%

Executive Summary

  • Earnings: ROA of -0.14%, down 13 bps year over year; NIM at 3.49%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.04%.
  • Funding: loans stand at 50.75% of deposits as of Q1 2004.

Financial Results

Return on Assets (quarter, annualized)

-0.14%-13 bps YoY

Net Interest Margin (quarter, annualized)

3.49%-11 bps YoY

Efficiency Ratio (quarter, annualized)

103.76%+734 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets-0.01%0.46%-0.55%0.64%-0.14%-13 bps
Return on Equity-0.13%4.12%-4.90%5.46%-1.21%-108 bps
Net Interest Margin3.60%4.10%3.50%4.06%3.49%-11 bps
Efficiency Ratio96.42%78.68%103.96%113.42%103.76%+734 bps
Non-Interest Burden3.46%3.14%3.66%4.66%3.63%+18 bps
Growth
Asset Growth (YoY)3.75%-0.81%-3.52%-4.22%-3.17%-692 bps
Loan Growth (YoY)-9.26%-5.71%-6.22%-8.86%-7.69%+157 bps
Deposit Growth (YoY)4.80%-0.20%-2.98%-5.12%-4.10%-889 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.67%0.79%0.61%1.24%1.04%+37 bps
Allowance / Loans2.45%2.39%2.39%2.22%2.01%-44 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 Capital20.99%21.27%21.38%23.65%23.99%+300 bps
Equity / Assets10.91%11.24%11.39%11.92%11.79%+89 bps
Liquidity & Funding
Loans / Deposits52.72%53.93%55.95%52.90%50.75%-197 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a