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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 $0.8MQ4 2010Q3 2012
Deposit mix
83%Interest-bearing $62.8M17%Noninterest $12.5MQ4 2010Q3 2012

Executive Summary

  • Earnings: ROA of 0.73%, down 9 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.23%.
  • Funding: loans stand at 50.05% of deposits as of Q3 2012.

Return on Assets (quarter, annualized)

0.73%-9 bps YoY

Net Interest Margin (quarter, annualized)

2.83%-33 bps YoY

Efficiency Ratio (quarter, annualized)

74.29%-385 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.42%Q3 ’103.53%Q3 ’113.13%Q3 ’12-17%-10%

Non-interest income vs. expense

3.20%Q3 ’102.64%Q3 ’112.23%Q3 ’12-18%-15%

Discrete quarter, annualized.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets-0.07%0.60%0.60%0.82%0.84%0.60%0.56%0.73%-9 bps
Return on Equity-0.65%6.59%6.90%9.31%9.42%6.91%6.38%7.95%-136 bps
Net Interest Margin3.50%3.19%3.05%3.16%3.09%2.83%2.72%2.83%-33 bps
Efficiency Ratio92.01%82.08%80.91%78.14%73.60%79.46%79.52%74.29%-385 bps
Non-Interest Burden3.20%2.56%2.43%2.42%2.18%2.19%2.13%2.06%-36 bps
Growth
Asset Growth (YoY)-1.81%6.92%13.33%18.95%15.87%12.35%2.56%4.06%-1,489 bps
Loan Growth (YoY)-0.47%-4.71%-4.48%0.94%1.79%-5.87%-3.27%-9.78%-1,072 bps
Deposit Growth (YoY)-0.62%8.64%15.85%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.25%0.31%0.50%0.41%-0.48%0.00%0.23%-26 bps
Allowance / Loans1.69%1.67%1.58%1.42%1.30%1.56%1.51%1.53%+10 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital13.40%14.13%14.19%14.73%14.84%15.23%15.67%16.14%+141 bps
Equity / Assets9.56%8.67%8.87%8.70%9.17%8.38%9.31%8.98%+28 bps
Liquidity & Funding
Loans / Deposits69.29%59.54%59.30%57.60%60.53%49.68%56.16%50.05%-755 bps
Liquid Assets / Assets15.49%22.29%14.06%16.91%17.70%29.64%11.52%21.68%+477 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a