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Arkansas State Bank

Siloam Springs, AR · Cert 18277

FDIC

Q2 2005

$247.5MAssets
$165.8MLoans
$199.4MDeposits
$32.4MEquity
Loan mix
71%RE $50.9M28%C&I $19.7M1%Consumer $0.8MQ2 2004Q2 2005
Deposit mix
91%Interest-bearing $182.1M9%Noninterest $17.3MQ2 2004Q2 2005

NIM

5.28%Q2 ’034.87%Q2 ’044.91%Q2 ’05-4%-12%

Non-interest income vs. expense

2.90%Q2 ’032.87%Q2 ’043.35%Q2 ’05+9%+7%

Executive Summary

  • Earnings: ROA of 0.08%, down 46 bps year over year; NIM at 2.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.62%.
  • Funding: loans stand at 83.13% of deposits as of Q2 2005.

Financial Results

Return on Assets (quarter, annualized)

0.08%-46 bps YoY

Net Interest Margin (quarter, annualized)

2.65%-36 bps YoY

Efficiency Ratio (quarter, annualized)

84.73%+1,114 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets0.53%0.52%-2.48%0.00%10.08%-46 bps
Return on Equity3.52%3.49%-15.71%0.03%0.57%-296 bps
Net Interest Margin3.01%2.99%-5.71%2.84%2.65%-36 bps
Efficiency Ratio73.58%74.96%99.29%87.85%84.73%+1,114 bps
Non-Interest Burden1.98%1.98%-2.94%2.41%2.12%+15 bps
Growth
Asset Growth (YoY)5.96%8.87%13.94%29.05%44.92%+3,896 bps
Loan Growth (YoY)2.99%0.42%19.46%39.61%57.37%+5,438 bps
Deposit Growth (YoY)8.00%10.35%10.82%14.17%37.48%+2,948 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.31%-1.14%1.84%-0.33%1.62%+131 bps
Allowance / Loans1.82%2.21%4.88%4.35%3.59%+177 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 Capital15.96%15.90%13.26%11.62%10.09%-587 bps
Equity / Assets14.74%15.02%16.55%14.41%13.10%-163 bps
Liquidity & Funding
Loans / Deposits72.62%72.56%81.42%91.52%83.13%+1,050 bps
Liquid Assets / Assets0.02%0.02%0.02%0.05%0.04%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a