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Hawkeye State Bank

Iowa City, IA · Cert 19535

FDIC

Q2 2003

$154.4MAssets
$89.6MLoans
$94.2MDeposits
$22.0MEquity
Loan mix
86%RE $49.0M14%C&I $8.1M0%Consumer $0.0MQ2 2002Q2 2003
Deposit mix
87%Interest-bearing $82.4M13%Noninterest $11.8MQ2 2002Q2 2003

NIM

7.64%Q2 ’016.62%Q2 ’025.52%Q2 ’03+11%-13%

Non-interest income vs. expense

1.06%Q2 ’011.18%Q2 ’021.49%Q2 ’03+1%-5%

Executive Summary

  • Earnings: ROA of 1.91%, down 73 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.21%.
  • Funding: loans stand at 95.19% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

1.91%-73 bps YoY

Net Interest Margin (YTD, annualized)

3.14%-47 bps YoY

Efficiency Ratio (YTD, annualized)

37.61%+867 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets2.64%2.61%-0.60%2.05%1.91%-73 bps
Return on Equity17.49%17.21%-4.09%15.08%13.83%-367 bps
Net Interest Margin3.61%3.48%3.35%3.58%3.14%-47 bps
Efficiency Ratio28.94%29.52%31.48%32.85%37.61%+867 bps
Non-Interest Burden0.72%0.70%0.70%0.67%0.68%-4 bps
Growth
Asset Growth (YoY)-5.01%-1.10%6.30%0.53%3.59%+860 bps
Loan Growth (YoY)-0.47%3.57%4.34%-7.84%-19.17%-1,870 bps
Deposit Growth (YoY)5.53%1.02%-1.79%-8.00%-2.63%-816 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.33%4.49%0.38%0.21%0 bps
Allowance / Loans0.88%0.78%0.88%1.22%1.46%+58 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 Capital23.92%24.54%20.47%24.20%26.56%+265 bps
Equity / Assets15.85%15.34%12.92%14.38%14.28%-157 bps
Liquidity & Funding
Loans / Deposits114.68%117.12%122.58%113.52%95.19%-1,948 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