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Carney State Bank, The

Carney, OK · Cert 18263

FDIC

Q4 2013

$17.7MAssets
$9.4MLoans
$16.0MDeposits
$1.6MEquity
Loan mix
70%RE $6.5M13%C&I $1.2M17%Consumer $1.5MQ4 2012Q4 2013
Deposit mix
88%Interest-bearing $14.0M12%Noninterest $2.0MQ4 2012Q4 2013

NIM

3.99%Q4 ’113.93%Q4 ’124.18%Q4 ’13+14%+23%

Non-interest income vs. expense

3.87%Q4 ’113.27%Q4 ’123.83%Q4 ’13-20%+20%

Executive Summary

  • Earnings: ROA of 0.26%, down 56 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 58.92% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.26%-56 bps YoY

Net Interest Margin (YTD, annualized)

3.67%+70 bps YoY

Efficiency Ratio (YTD, annualized)

92.51%-218 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 Assets0.82%11.24%0.45%0.49%0.26%-56 bps
Return on Equity8.68%12.30%4.64%5.08%2.73%-595 bps
Net Interest Margin2.98%3.55%3.44%3.56%3.67%+70 bps
Efficiency Ratio94.69%79.23%93.66%89.96%92.51%-218 bps
Non-Interest Burden2.79%2.73%3.20%3.16%3.36%+57 bps
Growth
Asset Growth (YoY)-7.09%-5.91%-3.52%-6.94%-3.36%+373 bps
Loan Growth (YoY)12.26%29.39%27.84%32.26%17.47%+520 bps
Deposit Growth (YoY)-7.88%-7.08%-2.08%-5.58%-1.63%+624 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%-0.02%0.11%0.08%+8 bps
Allowance / Loans0.82%0.81%0.81%0.75%0.74%-8 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 Capital23.58%22.47%21.15%21.37%20.76%-283 bps
Equity / Assets10.15%9.95%8.88%9.45%9.26%-88 bps
Liquidity & Funding
Loans / Deposits49.34%52.83%50.57%57.22%58.92%+958 bps
Liquid Assets / Assets10.80%10.07%9.67%10.34%27.40%+1,660 bps
CRE / Total Capitaln/an/an/an/an/an/an/a