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First Iowa Bank

Monticello, IA · Cert 20121

FDIC

Q4 2002

$22.5MAssets
$11.7MLoans
$20.1MDeposits
$2.2MEquity
Deposit mix
93%Interest-bearing $18.7M7%Noninterest $1.5MQ1 2001Q4 2002

Executive Summary

  • Earnings: ROA of 1.68%, up 108 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 58.34% of deposits as of Q4 2002.

Return on Assets (quarter, annualized)

1.68%+108 bps YoY

Net Interest Margin (quarter, annualized)

3.27%-8 bps YoY

Efficiency Ratio (quarter, annualized)

69.44%-407 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

7.40%Q1 ’016.39%Q4 ’015.28%Q4 ’02-3%-2%

Non-interest income vs. expense

2.58%Q1 ’012.92%Q4 ’012.74%Q4 ’02+1%-10%

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets0.97%0.80%0.26%0.60%0.99%-3.24%1.08%1.68%+108 bps
Return on Equityn/a8.61%2.65%6.17%9.98%-32.23%10.77%17.23%+1,106 bps
Net Interest Margin3.45%3.34%3.79%3.35%3.80%3.87%4.00%3.27%-8 bps
Efficiency Ratio68.90%70.33%78.20%73.52%69.44%77.92%60.54%69.44%-407 bps
Non-Interest Burden2.28%2.21%2.88%2.30%2.54%2.85%2.23%2.07%-23 bps
Growth
Asset Growth (YoY)9.73%-3.75%0.67%1.49%-4.97%-6.73%-1.09%3.43%+194 bps
Loan Growth (YoY)1.02%-1.58%-2.34%0.95%-2.29%-5.74%-5.32%-12.27%-1,322 bps
Deposit Growth (YoY)3.80%-0.20%2.03%6.66%1.12%-6.74%-0.91%4.00%-266 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 / Loans-0.03%0.41%0.09%0.03%0.00%11.04%-1.21%0.03%0 bps
Allowance / Loans0.94%0.84%1.09%1.04%1.05%0.94%1.29%0.95%-9 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital13.93%15.78%16.05%16.61%16.37%16.08%16.02%17.50%+89 bps
Equity / Assets8.65%10.01%9.51%10.04%9.83%10.33%9.71%9.80%-24 bps
Liquidity & Funding
Loans / Deposits67.78%71.61%65.38%69.16%65.49%72.39%62.47%58.34%-1,082 bps
Liquid Assets / Assets4.93%5.54%18.03%5.44%5.22%5.47%4.96%4.79%-65 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a