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Community Bank of Galesburg

Galesburg, IL · Cert 19734

FDIC

Q3 2008

$42.3MAssets
$26.9MLoans
$34.0MDeposits
$5.5MEquity
Loan mix
75%RE $14.5M25%C&I $4.7M0%Consumer $0.0MQ3 2007Q3 2008
Deposit mix
91%Interest-bearing $31.1M9%Noninterest $3.0MQ3 2007Q3 2008

NIM

5.34%Q3 ’065.97%Q3 ’075.52%Q3 ’08+1%+20%

Non-interest income vs. expense

2.69%Q3 ’062.69%Q3 ’072.84%Q3 ’08-78%+369%

Executive Summary

  • Earnings: ROA of 0.81%, down 88 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 78.95% of deposits as of Q3 2008.

Financial Results

Return on Assets (quarter, annualized)

0.81%-88 bps YoY

Net Interest Margin (quarter, annualized)

3.44%+58 bps YoY

Efficiency Ratio (quarter, annualized)

71.76%+1,855 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets1.69%0.36%0.66%0.64%0.81%-88 bps
Return on Equity16.36%3.43%6.21%5.80%6.70%-966 bps
Net Interest Margin2.86%2.67%2.69%2.84%3.44%+58 bps
Efficiency Ratio53.21%80.85%78.84%77.09%71.76%+1,855 bps
Non-Interest Burden0.49%2.08%2.02%2.07%2.32%+183 bps
Growth
Asset Growth (YoY)14.24%12.78%8.54%1.07%-12.64%-2,688 bps
Loan Growth (YoY)24.49%33.97%34.66%16.32%-1.76%-2,625 bps
Deposit Growth (YoY)17.00%14.95%7.60%-1.56%-13.07%-3,007 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.62%0.00%0.00%0.00%0 bps
Allowance / Loans0.47%0.31%0.36%0.39%0.43%-4 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 Capital18.26%16.53%16.95%17.90%19.68%+142 bps
Equity / Assets10.45%10.50%10.71%11.36%12.95%+250 bps
Liquidity & Funding
Loans / Deposits69.86%77.28%76.20%78.44%78.95%+909 bps
Liquid Assets / Assets0.01%0.01%0.01%0.01%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a