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Galena State Bank and Trust Company

Galena, IL · Cert 19660

FDIC · 5 branches

Q4 2014

$291.6MAssets
$183.8MLoans
$233.6MDeposits
$25.9MEquity
Loan mix
72%RE $101.5M26%C&I $37.1M2%Consumer $2.9MQ4 2013Q4 2014
Deposit mix
82%Interest-bearing $190.9M18%Noninterest $42.7MQ4 2013Q4 2014

NIM

3.96%Q4 ’123.70%Q4 ’133.73%Q4 ’14-2%+6%

Non-interest income vs. expense

2.52%Q4 ’122.83%Q4 ’132.62%Q4 ’14+30%-6%

Executive Summary

  • Earnings: ROA of 1.24%, up 23 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.12%.
  • Funding: loans stand at 78.68% of deposits as of Q4 2014.

Financial Results

Return on Assets (YTD, annualized)

1.24%+23 bps YoY

Net Interest Margin (YTD, annualized)

3.21%+19 bps YoY

Efficiency Ratio (YTD, annualized)

63.22%-655 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets1.01%1.12%1.29%1.19%1.24%+23 bps
Return on Equity11.47%12.92%14.92%13.69%14.23%+276 bps
Net Interest Margin3.03%3.22%3.27%3.12%3.21%+19 bps
Efficiency Ratio69.77%66.99%62.15%63.88%63.22%-655 bps
Non-Interest Burden1.81%1.91%1.69%1.70%1.70%-11 bps
Growth
Asset Growth (YoY)-1.62%-3.93%2.38%-0.99%0.40%+202 bps
Loan Growth (YoY)3.98%7.23%6.81%1.69%-0.05%-402 bps
Deposit Growth (YoY)-0.43%4.12%4.77%0.01%-4.46%-403 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.19%-0.14%-0.13%-0.09%-0.12%-31 bps
Allowance / Loans1.04%0.94%0.86%0.83%0.83%-21 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 Capital13.42%13.63%13.44%13.75%13.39%-3 bps
Equity / Assets8.39%8.91%8.67%8.78%8.89%+50 bps
Liquidity & Funding
Loans / Deposits75.20%74.69%70.43%71.49%78.68%+347 bps
Liquid Assets / Assets5.99%6.18%5.90%5.92%6.09%+10 bps
CRE / Total Capitaln/an/an/an/an/an/an/a