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Commercial State Bank

Clay Center, NE · Cert 18782

FDIC

Q4 2002

$32.0MAssets
$16.2MLoans
$27.6MDeposits
$4.2MEquity
Loan mix
50%RE $3.4M50%C&I $3.4M0%Consumer $0.0MQ4 2001Q4 2002
Deposit mix
89%Interest-bearing $24.6M11%Noninterest $3.0MQ4 2001Q4 2002

NIM

7.44%Q1 ’016.97%Q4 ’016.04%Q4 ’02+5%-3%

Non-interest income vs. expense

2.73%Q1 ’013.28%Q4 ’013.06%Q4 ’02+45%-12%

Executive Summary

  • Earnings: ROA of 0.85%, up 36 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.32%.
  • Funding: loans stand at 58.54% of deposits as of Q4 2002.

Financial Results

Return on Assets (quarter, annualized)

0.85%+36 bps YoY

Net Interest Margin (quarter, annualized)

3.73%-12 bps YoY

Efficiency Ratio (quarter, annualized)

70.67%-519 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets0.49%1.12%1.63%1.65%0.85%+36 bps
Return on Equity3.90%9.08%12.81%12.52%6.40%+250 bps
Net Interest Margin3.85%3.47%3.92%4.17%3.73%-12 bps
Efficiency Ratio75.86%59.15%49.31%52.53%70.67%-519 bps
Non-Interest Burden2.80%1.89%1.54%1.90%2.48%-33 bps
Growth
Asset Growth (YoY)10.93%7.62%5.49%4.34%3.12%-780 bps
Loan Growth (YoY)13.83%1.22%-4.88%-4.31%-2.91%-1,674 bps
Deposit Growth (YoY)13.73%8.42%7.92%6.95%1.88%-1,185 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.32%0.32%1.12%0.32%+35 bps
Allowance / Loans2.75%2.99%2.72%2.35%2.45%-30 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 Capital13.73%15.69%15.40%15.11%15.94%+222 bps
Equity / Assets12.20%12.48%13.02%13.37%13.18%+98 bps
Liquidity & Funding
Loans / Deposits61.43%57.33%62.16%64.42%58.54%-289 bps
Liquid Assets / Assets5.54%5.66%4.90%4.55%5.42%-12 bps
CRE / Total Capitaln/an/an/an/an/an/an/a