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First State Bank of Okabena (Incorporated)

Okabena, MN · Cert 1934

FDIC · 1 branch

Q3 2016

$18.5MAssets
$5.6MLoans
$16.3MDeposits
$2.1MEquity
Loan mix
72%RE $2.3M22%C&I $0.7M6%Consumer $0.2MQ4 2014Q3 2016
Deposit mix
73%Interest-bearing $11.9M27%Noninterest $4.5MQ4 2014Q3 2016

Executive Summary

  • Earnings: ROA of -0.13%, down 15 bps year over year; NIM at 2.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.55%, down 190 bps from a year ago.
  • Funding: loans stand at 34.16% of deposits as of Q3 2016.

Return on Assets (quarter, annualized)

-0.13%-15 bps YoY

Net Interest Margin (quarter, annualized)

2.34%-29 bps YoY

Efficiency Ratio (quarter, annualized)

105.41%+1,532 bps YoY

Tier 1 Leverage Ratio

9.55%-190 bps YoY

NIM

2.86%Q3 ’142.88%Q3 ’152.51%Q3 ’16+5%-11%

Non-interest income vs. expense

2.34%Q3 ’142.42%Q3 ’152.57%Q3 ’16+4%+5%

Discrete quarter, annualized.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets1.04%0.39%0.08%0.02%-0.35%0.22%-0.09%-0.13%-15 bps
Return on Equity6.50%2.96%0.66%0.16%-2.81%1.88%-0.75%-1.12%-128 bps
Net Interest Margin3.04%2.40%2.87%2.63%2.73%2.43%2.42%2.34%-29 bps
Efficiency Ratio94.37%87.88%78.36%90.08%125.40%91.30%101.77%105.41%+1,532 bps
Non-Interest Burden2.86%2.00%2.18%2.31%3.38%2.16%2.41%2.42%+11 bps
Growth
Asset Growth (YoY)0.29%-0.11%-0.04%-1.13%1.43%-1.45%-0.59%2.63%+376 bps
Loan Growth (YoY)-0.47%3.68%2.98%3.35%-7.43%-7.64%-11.03%-19.97%-2,332 bps
Deposit Growth (YoY)7.24%5.53%5.95%4.81%3.63%0.21%0.99%4.99%+18 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 / Loans0.06%-1.54%0.00%0.00%0.00%0.00%-0.07%0.00%0 bps
Allowance / Loans1.92%2.31%2.61%2.51%2.90%2.91%2.99%3.19%+68 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/a11.20%11.17%11.45%9.65%9.74%9.65%9.55%-190 bps
Total Risk-Based Capital27.95%29.74%27.42%27.81%25.32%25.60%25.26%25.31%-250 bps
Equity / Assets13.35%12.89%12.81%13.59%11.47%11.43%11.42%11.61%-198 bps
Liquidity & Funding
Loans / Deposits41.52%39.34%40.57%44.81%37.09%36.26%35.74%34.16%-1,065 bps
Liquid Assets / Assets30.00%30.72%29.98%26.27%34.49%35.19%33.86%36.15%+988 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a