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Pleasantville State Bank

Pleasantville, IA · Cert 1861

FDIC · 2 branches

Q3 2014

$38.7MAssets
$11.3MLoans
$33.7MDeposits
$4.5MEquity
Loan mix
65%RE $6.6M19%C&I $1.9M16%Consumer $1.6MQ3 2013Q3 2014
Deposit mix
81%Interest-bearing $27.4M19%Noninterest $6.3MQ3 2013Q3 2014

NIM

3.20%Q3 ’122.84%Q3 ’132.66%Q3 ’14-10%-4%

Non-interest income vs. expense

1.69%Q3 ’121.57%Q3 ’139.50%Q3 ’14-8%+628%

Executive Summary

  • Earnings: ROA of -3.84%, down 469 bps year over year; NIM at 2.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 33.52% of deposits as of Q3 2014.

Financial Results

Return on Assets (quarter, annualized)

-3.84%-469 bps YoY

Net Interest Margin (quarter, annualized)

2.32%-10 bps YoY

Efficiency Ratio (quarter, annualized)

357%+29,990 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets0.85%0.68%0.46%0.54%-3.84%-469 bps
Return on Equity5.88%4.69%3.50%4.50%-32.53%-3,841 bps
Net Interest Margin2.41%2.53%1.78%2.46%2.32%-10 bps
Efficiency Ratio57.52%66.31%67.15%73.52%357%+29,990 bps
Non-Interest Burden1.26%1.56%1.09%1.70%9.16%+790 bps
Growth
Asset Growth (YoY)-0.72%-0.25%-1.42%-0.44%-2.73%-201 bps
Loan Growth (YoY)-1.31%-0.38%4.75%3.81%1.97%+328 bps
Deposit Growth (YoY)-0.40%-0.20%1.60%2.09%-0.46%-6 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.75%0.00%-0.69%0.00%-22 bps
Allowance / Loans2.01%1.69%1.85%2.21%1.96%-5 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 Capital34.05%32.14%27.33%30.10%27.10%-694 bps
Equity / Assets14.70%14.31%11.72%12.05%11.57%-313 bps
Liquidity & Funding
Loans / Deposits32.72%34.95%32.38%30.82%33.52%+80 bps
Liquid Assets / Assets14.19%13.58%13.35%18.91%13.16%-103 bps
CRE / Total Capitaln/an/an/an/an/an/an/a