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Jennings State Bank

Davenport, NE · Cert 19251

FDIC

Q1 2012

$24.8MAssets
$9.2MLoans
$21.1MDeposits
$3.6MEquity
Loan mix
77%RE $4.1M15%C&I $0.8M8%Consumer $0.4MQ1 2011Q1 2012
Deposit mix
80%Interest-bearing $16.9M20%Noninterest $4.2MQ1 2011Q1 2012

NIM

6.07%Q1 ’104.47%Q1 ’114.50%Q1 ’12-26%+8%

Non-interest income vs. expense

2.28%Q1 ’102.39%Q1 ’112.37%Q1 ’12+14%-2%

Executive Summary

  • Earnings: ROA of -2.35%, down 366 bps year over year; NIM at 3.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.22%.
  • Funding: loans stand at 43.80% of deposits as of Q1 2012.

Financial Results

Return on Assets (quarter, annualized)

-2.35%-366 bps YoY

Net Interest Margin (quarter, annualized)

3.90%+30 bps YoY

Efficiency Ratio (quarter, annualized)

56.81%-548 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets1.31%1.06%1.99%1.24%-2.35%-366 bps
Return on Equity8.51%7.24%13.03%8.00%-15.93%-2,445 bps
Net Interest Margin3.59%3.85%4.65%4.12%3.90%+30 bps
Efficiency Ratio62.29%60.24%46.94%58.00%56.81%-548 bps
Non-Interest Burden2.15%2.21%2.01%2.28%2.09%-5 bps
Growth
Asset Growth (YoY)13.12%3.40%-6.57%4.52%-1.05%-1,417 bps
Loan Growth (YoY)-14.30%-13.02%-2.47%-35.82%-42.89%-2,859 bps
Deposit Growth (YoY)14.99%14.19%3.33%6.05%-0.81%-1,581 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.10%0.00%0.00%2.32%0.22%-189 bps
Allowance / Loans1.68%1.63%1.62%2.37%1.73%+6 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 Capital22.34%20.45%19.68%26.82%30.86%+851 bps
Equity / Assets14.84%14.53%16.11%14.83%14.67%-17 bps
Liquidity & Funding
Loans / Deposits76.07%85.08%105.46%59.50%43.80%-3,227 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a