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Letter portraitLegal landscapeQuarterYTD

Emmet County State Bank

Estherville, IA · Cert 18347

FDIC

Q3 2012

$83.0MAssets
$37.7MLoans
$75.3MDeposits
$7.5MEquity
Loan mix
92%RE $21.7M5%C&I $1.1M4%Consumer $0.8MQ3 2011Q3 2012
Deposit mix
83%Interest-bearing $62.8M17%Noninterest $12.5MQ3 2011Q3 2012

NIM

4.44%Q3 ’103.46%Q3 ’113.12%Q3 ’12-20%-8%

Non-interest income vs. expense

3.18%Q3 ’102.65%Q3 ’112.35%Q3 ’12-18%-11%

Executive Summary

  • Earnings: ROA of 0.63%, down 5 bps year over year; NIM at 2.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Funding: loans stand at 50.05% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

0.63%-5 bps YoY

Net Interest Margin (YTD, annualized)

2.82%-24 bps YoY

Efficiency Ratio (YTD, annualized)

77.77%-258 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.68%0.73%0.60%0.59%0.63%-5 bps
Return on Equity7.62%8.10%6.91%6.63%7.07%-55 bps
Net Interest Margin3.06%2.99%2.83%2.78%2.82%-24 bps
Efficiency Ratio80.35%78.57%79.46%79.49%77.77%-258 bps
Non-Interest Burden2.41%2.29%2.19%2.17%2.15%-26 bps
Growth
Asset Growth (YoY)18.95%15.87%12.35%2.56%4.06%-1,489 bps
Loan Growth (YoY)0.94%1.79%-5.87%-3.27%-9.78%-1,072 bps
Deposit Growth (YoY)21.83%16.52%12.81%2.13%3.83%-1,800 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.35%0.36%-0.48%-0.23%-0.08%-43 bps
Allowance / Loans1.42%1.30%1.56%1.51%1.53%+10 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 Capital14.73%14.84%15.23%15.67%16.14%+141 bps
Equity / Assets8.70%9.17%8.38%9.31%8.98%+28 bps
Liquidity & Funding
Loans / Deposits57.60%60.53%49.68%56.16%50.05%-755 bps
Liquid Assets / Assets16.91%17.70%29.64%11.52%21.68%+477 bps
CRE / Total Capitaln/an/an/an/an/an/an/a